Abbreviated Company Accounts - INSPIRE ADVERTISING LIMITED

INSPIRE ADVERTISING LIMITED - Company Information

Registered Number 05522503

INSPIRE ADVERTISING LIMITED

Abbreviated Accounts

31 August 2014

INSPIRE ADVERTISING LIMITED Registered Number 05522503

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	10,000	20,000
Tangible assets	3	4,321	3,372
		14,321	23,372
Current assets
Debtors	4	42,487	51,770
Cash at bank and in hand		29,379	35,524
		71,866	87,294
Creditors: amounts falling due within one year		(46,065)	(78,065)
Net current assets (liabilities)		25,801	9,229
Total assets less current liabilities		40,122	32,601
Total net assets (liabilities)		40,122	32,601
Capital and reserves
Called up share capital		100	100
Profit and loss account		40,022	32,501
Shareholders' funds		40,122	32,601

For the year ending 31 August 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 April 2015

And signed on their behalf by:
Amanda Naish, Director

INSPIRE ADVERTISING LIMITED Registered Number 05522503

Notes to the Abbreviated Accounts for the period ended 31 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Plant and Machinery 25% reducing balance.

Intangible assets amortisation policy
Amortisation is provided at 10% on a Straight line basis.

2Intangible fixed assets

	£
Cost
At 1 September 2013	100,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	100,000
Amortisation
At 1 September 2013	80,000
Charge for the year	10,000
On disposals	-
At 31 August 2014	90,000
Net book values
At 31 August 2014	10,000
At 31 August 2013	20,000

3Tangible fixed assets

	£
Cost
At 1 September 2013	19,015
Additions	2,390
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	21,405
Depreciation
At 1 September 2013	15,643
Charge for the year	1,441
On disposals	-
At 31 August 2014	17,084
Net book values
At 31 August 2014	4,321
At 31 August 2013	3,372

4Debtors

Debtors include Trade Debtors £42,487 (2013 £51,770)