INSPIRED ACCOUNTANTS LIMITED Financials
- Company number
- 05255969Copy
Copy - Registered office
- 4 Parkside Court, Greenhough Road, Lichfield, Staffordshire WS13 7FE
- Incorporated
- 11/10/2004
Company snapshot
- Status
- Active
- Employees
- 9 (2024)
- Latest financial data
- 2024
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-95.78%vs 20232023: £289.03K
Total Assets
-14.87%vs 20232023: £600.48K
Cash in Bank
-16.49%vs 20232023: £146.90K
Total Liabilities
164.14%vs 20232023: £188.91K
Employees
0vs 20232023: 9
In 2024, INSPIRED ACCOUNTANTS LIMITED reported net assets of £12.19K. The same filing shows total assets of £511.16K, cash in bank of £122.68K and total liabilities of £498.97K. Reported headcount was 9 in 2024. Total Liabilities rose from £188.91K in 2023 to £498.97K in 2024 (164.14%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-95.78%from £289.03K in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures INSPIRED ACCOUNTANTS LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-95.5%vs 2022-78.8% a year compound (CAGR)
Cash in Bank
+24.2%vs 2022+11.5% a year compound (CAGR)
Total Assets
-5.8%vs 2022-3% a year compound (CAGR)
Total Liabilities
+231%vs 2022+82% a year compound (CAGR)
Employees
-10%vs 2022-1Biggest increase
Total Liabilities+231%
£150.67K in 2022 to £498.97K in 2024
Biggest decrease
Net Assets-95.5%
£271.52K in 2022 to £12.19K in 2024
INSPIRED ACCOUNTANTS LIMITED's filings pull in both directions between 2022 and 2024. The steepest rise came in total liabilities, pointing to heavier outstanding obligations, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from INSPIRED ACCOUNTANTS LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 2.38%2024
- Liabilities to total assets
- 97.62%2024
- Cash to liabilities
- 24.59%2024
- Cash to total assets
- 24.00%2024
Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for INSPIRED ACCOUNTANTS LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 182.62K | 271.52K | 289.03K | 12.19K |
| Total Assets£ | 380.06K | 542.85K | 600.48K | 511.16K |
| Cash in Bank£ | 63.70K | 98.74K | 146.90K | 122.68K |
| Total Liabilities£ | 120.98K | 150.67K | 188.91K | 498.97K |
| Employees | 11 | 10 | 9 | 9 |
INSPIRED ACCOUNTANTS LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Has INSPIRED ACCOUNTANTS LIMITED filed financial statements?
Yes. Okredo holds filed figures for INSPIRED ACCOUNTANTS LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
What net assets did INSPIRED ACCOUNTANTS LIMITED report in 2024?
INSPIRED ACCOUNTANTS LIMITED reported net assets of £12.19K for 2024. That compares with £289.03K in 2023, a change of -95.78%.
What total assets did INSPIRED ACCOUNTANTS LIMITED report in 2024?
INSPIRED ACCOUNTANTS LIMITED reported total assets of £511.16K for 2024. That compares with £600.48K in 2023, a change of -14.87%.
What cash in bank did INSPIRED ACCOUNTANTS LIMITED report in 2024?
INSPIRED ACCOUNTANTS LIMITED reported cash in bank of £122.68K for 2024. That compares with £146.90K in 2023, a change of -16.49%.
How many people does INSPIRED ACCOUNTANTS LIMITED employ?
INSPIRED ACCOUNTANTS LIMITED reported 9 employees in 2024, compared with 9 in 2023.
How have INSPIRED ACCOUNTANTS LIMITED financials changed over the last 3 years?
Between 2022 and 2024, INSPIRED ACCOUNTANTS LIMITED's net assets fell by 95.5%, cash in bank rose by 24.2%, total assets fell by 5.8% and total liabilities rose by 231%. Net assets contracted at 78.8% a year across the two years to 2024, from £271.52K to £12.19K. Reported headcount went from 10 in 2022 to 9 in 2024 (-1).
Which years of INSPIRED ACCOUNTANTS LIMITED financial data are available?
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.