Inspire Catering Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC329528 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Inspire Catering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Pease

Ms L K McFarlane

REGISTERED OFFICE:

15 Gladstone Place

Stirling

FK8 2NN

BUSINESS ADDRESS:

Unit 5 Evans Business Centre

3 Whitehouse Road

Springkerse

Stirling

Stirlingshire

FK7 7SP

REGISTERED NUMBER:

SC329528 (Scotland)

ACCOUNTANTS:

Campbell Dallas Limited

Accountants

15 Gladstone Place

Stirling

FK8 2NN

BANKERS:

The Royal Bank of Scotland

3 Falkland Gate

Kingdom Centre

Glenrothes

KY7 5NS

CURRENT ASSETS

Debtors

3

2,610

8,785

Cash at bank

174,253

134,578

176,863

143,363

CREDITORS

Amounts falling due within one year

4

25,255

32,438

NET CURRENT ASSETS

151,608

110,925

TOTAL ASSETS LESS CURRENT LIABILITIES

151,608

110,925

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Retained earnings

150,608

109,925

SHAREHOLDERS' FUNDS

151,608

110,925

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 December 2018 and were signed on its behalf by:

Mr D Pease - Director

1.	STATUTORY INFORMATION

Inspire Catering Limited is a private company, limited by shares , registered in Scotland. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A

"Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in

the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been

prepared under the historical cost convention.

The company has transitioned to FRS 102 from previously extant UK GAAP as at 1 April 2015. The

reported financial position and financial performance for the previous period are not affected by the

transition to FRS 102.

Significant judgements and estimates

The preparation of Financial Statements required management to make judgements, estimates and

assumptions that affect the application of accounting policies and reported amounts of assets,

liabilities, income and expenses. Actual results may differ from these estimates. Estimates and

assumptions are reviewed on an ongoing basis and revisions to estimates are recognised in the period

in which the estimate is revised and in any future periods affected.

The directors are of the opinion there are no matters of significant judgement and estimation which

are material to the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

-

4,733

Other debtors

-

300

VAT

2,610

3,752

2,610

8,785

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

900

1,905

Tax

9,749

11,573

Other creditors

12,960

17,760

Directors' current accounts

241

-

Accruals and deferred income

1,405

1,200

25,255

32,438

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

1,000

Ordinary

£1

1,000

1,000