Inspirations Residential Care Home Limit - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08501844 (England and Wales)

INSPIRATIONS RESIDENTIAL CARE HOME

LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE PERIOD 24 APRIL 2013 TO 31 MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

Mrs P Hayward

S R Hayward

M E Hayward-Ball

REGISTERED OFFICE:

171a Tettenhall Road

Wolverhampton

West Midlands

WV6 0BZ

REGISTERED NUMBER:

08501844 (England and Wales)

ACCOUNTANTS:

Lancaster Haskins LLP

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

FIXED ASSETS

Intangible assets

2

137,500

Tangible assets

3

25,376

162,876

CURRENT ASSETS

Debtors

504

CREDITORS

Amounts falling due within one year

160,611

NET CURRENT LIABILITIES

(160,107

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,769

PROVISIONS FOR LIABILITIES

1,453

NET ASSETS

1,316

CAPITAL AND RESERVES

Called up share capital

4

10

Profit and loss account

1,306

SHAREHOLDERS' FUNDS

1,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 3 August 2014 and were signed on its behalf by:

Mrs P Hayward - 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 is recognised when fees, exempt of vat, are received . The turnover is adjusted for any fees received

in advance or refunds due.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

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

-

25% on cost

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

150,000

At 31 March 2014

150,000

AMORTISATION

Amortisation for period

12,500

At 31 March 2014

12,500

NET BOOK VALUE

At 31 March 2014

137,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

28,198

At 31 March 2014

28,198

DEPRECIATION

Charge for period

2,822

At 31 March 2014

2,822

NET BOOK VALUE

At 31 March 2014

25,376

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

10

Ordinary

£1

10

5.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the Directors.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Inspirations Residential Care Home Limited for the period ended 31 March 2014 which comprise

the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from

information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Inspirations Residential Care Home Limited, as a body, in

accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the

financial statements of Inspirations Residential Care Home Limited and state those matters that we have agreed to state

to the Board of Directors of Inspirations Residential Care Home Limited, as a body, in this report in accordance with

AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Inspirations Residential Care Home Limited has kept adequate accounting records and to

prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit

of Inspirations Residential Care Home Limited. You consider that Inspirations Residential Care Home Limited is

exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Inspirations Residential Care

Home Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or

information and explanations you have given to us and we do not, therefore, express any opinion on the statutory

financial statements.

Lancaster Haskins LLP

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

Date: .............................................