Abbreviated Company Accounts - TOTALLY INSPIRED LIMITED

TOTALLY INSPIRED LIMITED - Company Information

Registered Number 08228625

TOTALLY INSPIRED LIMITED

Abbreviated Accounts

31 March 2016

TOTALLY INSPIRED LIMITED Registered Number 08228625

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,192	2,192
		2,192	2,192
Current assets
Stocks		13,614	13,614
Debtors		4,985	4,985
Cash at bank and in hand		42,289	42,289
		60,888	60,888
Creditors: amounts falling due within one year		(48,093)	(48,093)
Net current assets (liabilities)		12,795	12,795
Total assets less current liabilities		14,987	14,987
Total net assets (liabilities)		14,987	14,987
Capital and reserves
Called up share capital		100	100
Profit and loss account		14,887	14,887
Shareholders' funds		14,987	14,987

For the year ending 31 March 2016 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 31 December 2016

And signed on their behalf by:
M C THORPE, Director

TOTALLY INSPIRED LIMITED Registered Number 08228625

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 25% straight line

2Tangible fixed assets

	£
Cost
At 1 April 2015	3,662
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	3,662
Depreciation
At 1 April 2015	1,470
Charge for the year	-
On disposals	-
At 31 March 2016	1,470
Net book values
At 31 March 2016	2,192
At 31 March 2015	2,192