Company Registration No. 08346057 (England and Wales)
Inspired Health Limited
Unaudited accounts
for the year ended 31 January 2020
Inspired Health Limited
Unaudited accounts
Contents
Inspired Health Limited
Company Information
for the year ended 31 January 2020
Company Number
08346057 (England and Wales)
Registered Office
BIRCHWOOD HOUSE
88 BROOMFIELD AVENUE
WORTHING
BN14 7SB
ENGLAND
Inspired Health Limited
Statement of financial position
as at 31 January 2020
Intangible assets
10,290
11,760
Cash at bank and in hand
148
238
Creditors: amounts falling due within one year
(64,891)
(61,689)
Net current liabilities
(62,003)
(55,039)
Net liabilities
(51,695)
(43,139)
Called up share capital
100
100
Profit and loss account
(51,795)
(43,239)
Shareholders' funds
(51,695)
(43,139)
For the year ending 31 January 2020 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 November 2020 and were signed on its behalf by
C J Lane
Director
Company Registration No. 08346057
Inspired Health Limited
Notes to the Accounts
for the year ended 31 January 2020
Inspired Health Limited is a private company, limited by shares, registered in England and Wales, registration number 08346057. The registered office is BIRCHWOOD HOUSE, 88 BROOMFIELD AVENUE, WORTHING, BN14 7SB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company is dependent on the continued support of the director and shareholder, in its ability to continue as a going concern. The director has provided the company with a loan without any formal repayment terms and confirmed that the loan will not be repaid until the company has sufficient funds in place to do so, on this basis the director consider that it is appropriate for the financial statements to be prepared on a going concern basis.
Inspired Health Limited
Notes to the Accounts
for the year ended 31 January 2020
4
Intangible fixed assets
Other
Patents and licences are being amortised evenly over their estimated useful life of ten years.
5
Tangible fixed assets
Fixtures & fittings
Finished goods
2,471
6,280
Inspired Health Limited
Notes to the Accounts
for the year ended 31 January 2020
8
Creditors: amounts falling due within one year
2020
2019
Loans from directors
64,394
60,887
9
Average number of employees
During the year the average number of employees was 0 (2019: 0).
