| Inspired Expeditions Ltd |
| Registered number: |
07869043 |
| Abbreviated Balance Sheet |
| as at 15 April 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
4,293 |
|
|
- |
| Tangible assets |
3 |
|
|
22,608 |
|
|
5,667 |
|
|
|
|
26,901 |
|
|
5,667 |
|
| Current assets |
| Debtors |
|
|
3,501 |
|
|
1,465 |
| Cash at bank and in hand |
|
|
19,629 |
|
|
420 |
|
|
|
23,130 |
|
|
1,885 |
|
| Creditors: amounts falling due within one year |
|
|
(33,145) |
|
|
(3,531) |
|
| Net current liabilities |
|
|
|
(10,015) |
|
|
(1,646) |
|
| Total assets less current liabilities |
|
|
|
16,886 |
|
|
4,021 |
|
|
| Provisions for liabilities |
|
|
|
(2,958) |
|
|
- |
|
|
| Net assets |
|
|
|
13,928 |
|
|
4,021 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1,002 |
|
|
2 |
| Profit and loss account |
|
|
|
12,926 |
|
|
4,019 |
|
| Shareholders' funds |
|
|
|
13,928 |
|
|
4,021 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Matthew Couling |
| Director |
| Approved by the board on 14 January 2016 |
|
| Inspired Expeditions Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 15 April 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value of services provided to customers, net of Value Added Tax and discounts. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Motor vehicles |
33% straight line |
|
Plant and machinery |
25% straight line |
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
Additions |
4,600 |
|
At 15 April 2015 |
4,600 |
|
|
|
|
|
|
|
|
Amortisation |
|
Provided during the year |
307 |
|
At 15 April 2015 |
307 |
|
|
|
|
|
|
|
|
Net book value |
|
At 15 April 2015 |
4,293 |
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 16 April 2014 |
8,500 |
|
Additions |
22,005 |
|
At 15 April 2015 |
30,505 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 16 April 2014 |
2,833 |
|
Charge for the year |
5,064 |
|
At 15 April 2015 |
7,897 |
|
|
|
|
|
|
|
|
Net book value |
|
At 15 April 2015 |
22,608 |
|
At 15 April 2014 |
5,667 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1,002 |
|
1,002 |
|
2 |
|
|
|
|
|
|
|
|
|
| Nominal |
Number |
Amount |
| value |
£ |
|
Shares issued during the period: |
|
Ordinary shares |
£1 each |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
