Inspired Health Limited - Limited company accounts 11.7

REGISTERED NUMBER: 08346057 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 January 2015

for

Inspired Health Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

Mrs C Lane

SECRETARY:

REGISTERED OFFICE:

17 Ripley Road

Worthing

West Sussex

BN11 5NQ

REGISTERED NUMBER:

08346057 (England and Wales)

ACCOUNTANTS:

M Chilton Accountancy Services Limited

16 Reed Mace Drive

Bromsgrove

Worcestershire

B61 0UJ

The director presents her report with the financial statements of the company for the year ended 31 January 2015.

DIRECTOR

Mrs C Lane held office during the whole of the period from 1 February 2014 to the date of this report.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

Mrs C Lane - Director

29 October 2015

TURNOVER

-

-

Administrative expenses

3,087

268

OPERATING LOSS and

LOSS ON ORDINARY ACTIVITIES BEFORE TAXATION

2

(3,087

)

(268

)

Tax on loss on ordinary activities

3

-

-

LOSS FOR THE FINANCIAL YEAR

(3,087

)

(268

)

FIXED ASSETS

Intangible assets

4

14,700

14,700

CURRENT ASSETS

Debtors

5

390

2,940

NET CURRENT ASSETS

390

2,940

TOTAL ASSETS LESS CURRENT LIABILITIES

15,090

17,640

CREDITORS

Amounts falling due after more than one year

6

18,345

17,808

NET LIABILITIES

(3,255

)

(168

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Profit and loss account

8

(3,355

)

(268

)

SHAREHOLDERS' FUNDS

(3,255

)

(168

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the director on 29 October 2015 and were signed by:

Mrs C Lane - 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).

Intangible asset

The Intangible asset relates to an initial franchise fee which will be amortised over it's useful life once the

business commences trading.

Deferred tax

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

sheet date.

2.	OPERATING LOSS

The operating loss is stated after charging:

Period

3.1.13

Year Ended

to

31.1.15

31.1.14

£

£

Director's remuneration and other benefits etc

-

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 31 January 2015 nor for the

period ended 31 January 2014.

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2014

and 31 January 2015

14,700

NET BOOK VALUE

At 31 January 2015

14,700

At 31 January 2014

14,700

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.15

31.1.14

£

£

Other debtors

390

2,940

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.15

31.1.14

£

£

Other creditors

18,345

17,808

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.15

31.1.14

value:

£

£

100

Ordinary

1

100

100

8.

RESERVES

Profit

and loss

account

£

At 1 February 2014

(268

)

Deficit for the year

(3,087

)

At 31 January 2015

(3,355

)

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Other creditors due after one year relates to the amount due to the Director.