Inspiring Possibilities Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08578082 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

FOR

INSPIRING POSSIBILITIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

K Devlin

SECRETARY:

REGISTERED OFFICE:

Down Derry House

Wield Road

Medstead

Hampshire

GU34 5NJ

REGISTERED NUMBER:

08578082 (England and Wales)

ACCOUNTANTS:

Applewood LLP

St Mary's House

Bentworth

Hampshire

GU34 5RD

FIXED ASSETS

Intangible assets

2

35,000

35,000

CURRENT ASSETS

Debtors

-

1,649

Cash at bank

4,148

88,838

4,148

90,487

CREDITORS

Amounts falling due within one year

17,620

65,916

NET CURRENT (LIABILITIES)/ASSETS

(13,472

)

24,571

TOTAL ASSETS LESS CURRENT LIABILITIES

21,528

59,571

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

21,518

59,561

SHAREHOLDERS' FUNDS

21,528

59,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 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 16 March 2016 and were signed by:

K Devlin - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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

At 1 July 2014

and 30 June 2015

35,000

NET BOOK VALUE

At 30 June 2015

35,000

At 30 June 2014

35,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

10

Ordinary

1

10

10