IT INSPIRES LTD - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08281492 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 5 NOVEMBER 2012 TO 30 NOVEMBER 2013

FOR

IT INSPIRES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A L Cassidy

SECRETARY:

Ms S Fussell

REGISTERED OFFICE:

5 Priory Mews

Wallingford

Oxfordshire

OX10 0BB

REGISTERED NUMBER:

08281492 (England and Wales)

ACCOUNTANTS:

David Mitchell & Co.

4 The Pound

Cholsey

Oxfordshire

OX10 9NS

FIXED ASSETS

Tangible assets

2

896

CURRENT ASSETS

Debtors

6,703

Cash at bank

1,494

8,197

CREDITORS

Amounts falling due within one year

(6,376

)

NET CURRENT ASSETS

1,821

TOTAL ASSETS LESS CURRENT LIABILITIES

2,717

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

2,715

SHAREHOLDERS' FUNDS

2,717

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

The members have not required the company to obtain an audit of its financial statements for the period 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 5 September 2014 and were signed by:

A L Cassidy - 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.

Plant and machinery etc

-

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.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,194

At 30 November 2013

1,194

DEPRECIATION

Charge for period

298

At 30 November 2013

298

NET BOOK VALUE

At 30 November 2013

896

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

£1

2

2 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.