Inspire Wealth & Business Management Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07452708 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2013

FOR

INSPIRE WEALTH & BUSINESS MANAGEMENT LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr G J Thomas

SECRETARY:

Mrs T J Thomas

REGISTERED OFFICE:

7-8 Raleigh Walk

Waterfront 2000

Brigantine Place

Cardiff

CF10 4LN

REGISTERED NUMBER:

07452708 (England and Wales)

ACCOUNTANT:

Linghams Chartered Accountants

7-8 Raleigh Walk

Waterfront 2000

Brigantine Place

Cardiff

South Glamorgan

CF10 4LN

FIXED ASSETS

Tangible assets

2

142,407

20,053

CURRENT ASSETS

Debtors

120,751

58,569

Cash at bank

86,307

65,174

207,058

123,743

CREDITORS

Amounts falling due within one year

109,787

73,041

NET CURRENT ASSETS

97,271

50,702

TOTAL ASSETS LESS CURRENT LIABILITIES

239,678

70,755

CREDITORS

Amounts falling due after more than one year

57,701

-

NET ASSETS

181,977

70,755

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

181,877

70,655

SHAREHOLDERS' FUNDS

181,977

70,755

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 August 2014 and were signed by:

Mr G J Thomas - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

28,853

Additions

129,991

At 30 November 2013

158,844

DEPRECIATION

At 1 December 2012

8,800

Charge for year

7,637

At 30 November 2013

16,437

NET BOOK VALUE

At 30 November 2013

142,407

At 30 November 2012

20,053

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.13

30.11.12

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2013 and

30 November 2012:

30.11.13

30.11.12

£

£

Mr G J Thomas

Balance outstanding at start of year

46,855

-

Amounts advanced

149,258

46,855

Amounts repaid

(99,512

)

-

Balance outstanding at end of year

96,601

46,855