Burning Inspirations Limited - Limited company - abbreviated - 11.6

Burning Inspirations Limited - Limited company - abbreviated - 11.6

BURNING INSPIRATIONS LIMITED - Company Information

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REGISTERED NUMBER: 04591219 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Burning Inspirations Limited

Burning Inspirations Limited (Registered number: 04591219)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Burning Inspirations Limited

Company Information
for the Year Ended 31 March 2014







DIRECTOR: Mr N Ede





SECRETARY: Ms L McDonald





REGISTERED OFFICE: 2-3 Bassett Court
Broad Street
Newport Pagnell
Buckinghamshire
MK16 0JN





REGISTERED NUMBER: 04591219 (England and Wales)





Page 1
Burning Inspirations Limited (Registered number: 04591219)

Abbreviated Balance Sheet
31 March 2014

31.3.14 31.3.13
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 29,012 29,071
29,012 29,071

CURRENT ASSETS
Stocks 35,000 70,000
Debtors 175,097 145,256
Cash at bank 40,262 15,257
250,359 230,513
CREDITORS
Amounts falling due within one year 69,004 137,855
NET CURRENT ASSETS 181,355 92,658
TOTAL ASSETS LESS CURRENT
LIABILITIES
210,367
121,729

CREDITORS
Amounts falling due after more than one
year
171,218
160,812
NET ASSETS/(LIABILITIES) 39,149 (39,083 )

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 39,049 (39,183 )
SHAREHOLDERS' FUNDS 39,149 (39,083 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 notes form part of these abbreviated accounts

Page 2 continued...
Burning Inspirations Limited (Registered number: 04591219)

Abbreviated Balance Sheet - continued
31 March 2014


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 22 December 2014 and were signed by:





Mr N Ede - Director


The notes form part of these abbreviated accounts

Page 3
Burning Inspirations Limited (Registered number: 04591219)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2014

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 5,000
AMORTISATION
At 1 April 2013
and 31 March 2014 5,000
NET BOOK VALUE

At 31 March 2014 -
At 31 March 2013 -

Page 4 continued...
Burning Inspirations Limited (Registered number: 04591219)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 232,952
Additions 15,676
At 31 March 2014 248,628
DEPRECIATION
At 1 April 2013 203,881
Charge for year 15,735
At 31 March 2014 219,616
NET BOOK VALUE
At 31 March 2014 29,012
At 31 March 2013 29,071

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.14 31.3.13
value: £    £   
1,000 Ordinary £1 100 100

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed the director, Mr N Ede, £171,218 (2013: £158,242).

Page 5