IT Inspires Ltd - Period Ending 2014-11-30

Registration number: 8281492

IT Inspires Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2014

IT Inspires Ltd
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

IT Inspires Ltd
(Registration number: 8281492)
Abbreviated Balance Sheet at 30 November 2014

	Note	30 November 2014 £	30 November 2013 £
Fixed assets
Tangible fixed assets		598	896
Current assets
Debtors		7,112	6,703
Cash at bank and in hand		1,305	1,494
		8,417	8,197
Creditors: Amounts falling due within one year		(8,988)	(6,375)
Net current (liabilities)/assets		(571)	1,822
Net assets		27	2,718
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		25	2,716
Shareholders' funds		27	2,718

For the year ending 30 November 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 director acknowledges his 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 director on 20 August 2015

.........................................
Mr A L Cassidy
Director

The notes on page 2 form an integral part of these financial statements.
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IT Inspires Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents the value of services provided to clients during the year, net of value added tax

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 December 2013	1,194	1,194
Additions	2,304	2,304
Disposals	(2,304)	(2,304)
At 30 November 2014	1,194	1,194
Depreciation
At 1 December 2013	298	298
Charge for the year	298	298
At 30 November 2014	596	596
Net book value
At 30 November 2014	598	598
At 30 November 2013	896	896

3	Share capital

Allotted, called up and fully paid shares

	30 November 2014			30 November 2013
		No.	£		No.	£
Ordinary of £1 each		2	2		2	2

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