Abbreviated Company Accounts - TOTALLY INSPIRED LIMITED

TOTALLY INSPIRED LIMITED - Company Information

Registered Number 08228625

TOTALLY INSPIRED LIMITED

Abbreviated Accounts

31 March 2014

TOTALLY INSPIRED LIMITED Registered Number 08228625

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,036	1,000
		1,036	1,000
Current assets
Stocks		3,600	-
Debtors		161	-
Cash at bank and in hand		8,534	3,740
		12,295	3,740
Creditors: amounts falling due within one year		(9,922)	(4,540)
Net current assets (liabilities)		2,373	(800)
Total assets less current liabilities		3,409	200
Total net assets (liabilities)		3,409	200
Capital and reserves
Called up share capital		100	100
Profit and loss account		3,309	100
Shareholders' funds		3,409	200

For the year ending 31 March 2014 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 December 2014

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 2014

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 April 2008.

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 20% straight line

2Tangible fixed assets

	£
Cost
At 1 April 2013	1,500
Additions	536
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	2,036
Depreciation
At 1 April 2013	500
Charge for the year	500
On disposals	-
At 31 March 2014	1,000
Net book values
At 31 March 2014	1,036
At 31 March 2013	1,000