Inspired Health Limited

Inspired Health Limited

INSPIRED HEALTH LIMITED - Company Information

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Company Registration No. 08346057 (England and Wales)
Inspired Health Limited Unaudited accounts for the year ended 31 January 2021
Inspired Health Limited Unaudited accounts Contents
Page
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Inspired Health Limited Company Information for the year ended 31 January 2021
Director
C J Lane
Company Number
08346057 (England and Wales)
Registered Office
BIRCHWOOD HOUSE 88 BROOMFIELD AVENUE WORTHING BN14 7SB ENGLAND
Accountants
Leon Ruward FCCA Birchwood House 88 Broomfield Avenue Worthing West Sussex BN14 7SB
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Inspired Health Limited Statement of financial position as at 31 January 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
8,820 
10,290 
Tangible assets
5
4 
18 
8,824 
10,308 
Current assets
Inventories
1,211 
2,471 
Debtors
6
93 
269 
Cash at bank and in hand
688 
148 
1,992 
2,888 
Creditors: amounts falling due within one year
7
(65,203)
(64,891)
Net current liabilities
(63,211)
(62,003)
Net liabilities
(54,387)
(51,695)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(54,487)
(51,795)
Shareholders' funds
(54,387)
(51,695)
For the year ending 31 January 2021 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 19 October 2021 and were signed on its behalf by
C J Lane Director Company Registration No. 08346057
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Inspired Health Limited Notes to the Accounts for the year ended 31 January 2021
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Going concern
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. At the time of signing the accounts the board of directors feel that there has been no long term impact on the business caused by COVID 19 restrictions and there is no material uncertainty that casts any doubt on the entity's ability to continue as a going concern.
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Inspired Health Limited Notes to the Accounts for the year ended 31 January 2021
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2020
14,700 
At 31 January 2021
14,700 
Amortisation
At 1 February 2020
4,410 
Charge for the year
1,470 
At 31 January 2021
5,880 
Net book value
At 31 January 2021
8,820 
At 31 January 2020
10,290 
Patents and licences are being amortised evenly over their estimated useful life of ten years.
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2020
359 
At 31 January 2021
359 
Depreciation
At 1 February 2020
341 
Charge for the year
14 
At 31 January 2021
355 
Net book value
At 31 January 2021
4 
At 31 January 2020
18 
6
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
93 
269 
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
2 
2 
Loans from directors
64,706 
64,394 
Accruals
495 
495 
65,203 
64,891 
8
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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