Abbreviated Company Accounts - INSPIRATE

Abbreviated Company Accounts - INSPIRATE

INSPIRATE - Company Information

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Registered Number 08024328

INSPIRATE

Abbreviated Accounts

31 December 2015

INSPIRATE Registered Number 08024328

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 3 576 100
576 100
Current assets
Debtors 48 48
Cash at bank and in hand 2,602 891
2,650 939
Creditors: amounts falling due within one year (2,726) (4,174)
Net current assets (liabilities) (76) (3,235)
Total assets less current liabilities 500 (3,135)
Provisions for liabilities (115) -
Total net assets (liabilities) 385 (3,135)
Reserves
Income and expenditure account 385 (3,135)
Members' funds 385 (3,135)
  • For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 September 2016

And signed on their behalf by:
Jiten Anand, Director

INSPIRATE Registered Number 08024328

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 33% reducing balance

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets
£
Cost
At 1 January 2015 400
Additions 759
Disposals -
Revaluations -
Transfers -
At 31 December 2015 1,159
Depreciation
At 1 January 2015 300
Charge for the year 283
On disposals -
At 31 December 2015 583
Net book values
At 31 December 2015 576
At 31 December 2014 100