Inspire Education Learning Ltd Filleted accounts for Companies House (small and micro)
Inspire Education Learning Ltd Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
09843810
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Year ended |
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Statement of Financial Position |
2017 |
2016 |
|
Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
|
|
Current assets
Debtors |
6 |
|
– |
Cash at bank and in hand |
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|
------- |
------- |
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Prepayments and accrued income |
– |
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Creditors: amounts falling due within one year |
7 |
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-------- |
-------- |
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Net current liabilities |
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-------- |
-------- |
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Total assets less current liabilities |
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---- |
---- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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– |
---- |
---- |
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Shareholders funds |
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---- |
---- |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
26 June 2018
, and are signed on behalf of the board by:
|
Director |
Company registration number:
09843810
|
Notes to the Financial Statements |
Year ended 31st October 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 41 Ivy Crescent, Bevere, Worcester, WR3 7DP.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
- |
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Website |
- |
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Impairment of fixed assets
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2016:
2
).
5.
Tangible assets
Equipment |
Website |
Total |
|
£ |
£ |
£ |
|
Cost |
|||
At 1st November 2016 |
– |
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Additions |
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---- |
-------- |
-------- |
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At 31st October 2017 |
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---- |
-------- |
-------- |
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Depreciation |
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At 1st November 2016 |
– |
– |
– |
Charge for the year |
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---- |
-------- |
-------- |
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At 31st October 2017 |
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---- |
-------- |
-------- |
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Carrying amount |
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At 31st October 2017 |
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---- |
-------- |
-------- |
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At 31st October 2016 |
– |
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---- |
-------- |
-------- |
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6.
Debtors
2017 |
2016 |
|
£ |
£ |
|
Trade debtors |
|
– |
------- |
---- |
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7.
Creditors:
amounts falling due within one year
2017 |
2016 |
|
£ |
£ |
|
Social security and other taxes |
|
– |
Short term loan |
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Other creditors |
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-------- |
-------- |
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-------- |
-------- |
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8.
Related party transactions
The company was under the control of the directors Mr LB Whitehouse and
Mr J Hawkes
, each are personally interested in 25% (2016: 25%) of the company's issued share capital. In addition their wives each hold 25% (2016: 25%) of the company's issued share capital. The directors operate a current account with the company, which is debited with payments made by the company on behalf of a director and credited either with funds introduced or undrawn dividends/directors fees. The balance owed to the directors at the year end amounted to
£ 60,576
(2016: £ 34,504
), which is included in creditors due within one year.