Inspiring Possibilities Limited
Inspiring Possibilities Limited
Registered number: 8578082
Financial Statements
For The Year Ended 30 June 2017
Applewood LLP
Inspiring Possibilities Limited
Financial Statements
For The Year Ended 30 June 2017
Financial Statements
| Contents | |
| Page | |
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Inspiring Possibilities Limited
Balance Sheet
As at
30 June 2017
Balance Sheet
Registered number:
8578082
For the year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2017 | 2016 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 13,335 | 17,684 | |||
Page 1
Inspiring Possibilities Limited
Balance Sheet (continued)
As at
30 June 2017
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Inspiring Possibilities Limited
Notes to the Unaudited Accounts
For The Year Ended 30 June 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are software and intellectual property. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2017 | 2016 | ||
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| Office and administration |
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3.
Intangible Assets
| Other | |||
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| Amortisation | |||
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| Provided during the period |
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| Net Book Value | |||
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4.
Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 | ||
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| £ | £ | ||
| Corporation tax |
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| VAT | - |
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| Director's loan account |
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Page 3
Inspiring Possibilities Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 30 June 2017
5.
Share Capital
| Value | Number | 2017 | 2016 | ||
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| Allotted, called up and fully paid | £ | £ | £ | ||
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10 | 10 | |
6.
Ultimate Controlling Party
The company's ultimate controlling party is director by virtue of his ownership of 100% of the issued share capital in the company.
7.
General Information
Inspiring Possibilities Limited is a private company, limited by shares, incorporated in England & Wales, registered number 8578082 . The registered office is Down Derry House, Wield Road, Medstead, GU34 5NJ.
Page 4