Inspired PR Limited - Period Ending 2019-04-30

Registration number: 06541767

Inspired PR Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 30 April 2019

Inspired PR Limited

Contents

Company Information	1
Abridged Balance Sheet	2
Notes to the Unaudited Abridged Financial Statements	3 to 4

Inspired PR Limited

Company Information

Directors

LA Whiteside JA Metcalf R Metcalf

Registered office

1st Floor The Barn House 38 Meadow Way Ruislip HA4 8SY

Accountants

Ross & Partners Chartered Certified Accountants 1st Floor The Barn House 38 Meadow Way Ruislip HA4 8SY

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Inspired PR Limited

(Registration number: 06541767)
Abridged Balance Sheet as at 30 April 2019

	Note	2019 £	2018 £
Current assets
Debtors		11,200	11,454
Cash at bank and in hand		3,477	4,741
		14,677	16,195
Creditors: Amounts falling due within one year		(10,888)	(12,612)
Net assets		3,789	3,583
Capital and reserves
Called up share capital		100	100
Profit and loss account		3,689	3,483
Total equity		3,789	3,583

For the financial year ending 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 24 January 2020 and signed on its behalf by:
 

.........................................

LA Whiteside
Director

The notes on pages 3 to 4 form an integral part of these abridged financial statements.

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Inspired PR Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2019

1	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents net invoiced sales of services, excluding value added tax.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

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Inspired PR Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2019

Asset class	Depreciation method and rate
Computer Equipment	33.3% on cost

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2018 - 1).

3	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 May 2018	2,035	2,035
At 30 April 2019	2,035	2,035
Depreciation
At 1 May 2018	2,035	2,035
At 30 April 2019	2,035	2,035
Carrying amount
At 30 April 2019	-	-

4	Share capital

Allotted, called up and fully paid shares

	2019		2018
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

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