INSPIRED FREEDOM LTD

Company Registration Number:
09145885 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2018

Period of accounts

Start date: 01 August 2017

End date: 31 July 2018

INSPIRED FREEDOM LTD

Contents of the Financial Statements

for the Period Ended 31 July 2018

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 7

INSPIRED FREEDOM LTD

Company Information

for the Period Ended 31 July 2018




Director: G A Both
Registered office: Kemp House
152 City Road
London
GBR
EC1V 2NX
Company Registration Number: 09145885 (England and Wales)

INSPIRED FREEDOM LTD

Balance sheet

As at 31 July 2018


Notes

2018
£

2017
£
Fixed assets
Tangible assets: 2 68 69
Total fixed assets: 68 69
Current assets
Debtors: 1,116 2,605
Cash at bank and in hand: 3,201 1,420
Total current assets: 4,317 4,025
Creditors: amounts falling due within one year: ( 4,108 ) ( 909 )
Net current assets (liabilities): 209 3,116
Total assets less current liabilities: 277 3,185
Creditors: amounts falling due after more than one year: ( 684 ) ( 184 )
Total net assets (liabilities): ( 407 ) 3,001

The notes form part of these financial statements

INSPIRED FREEDOM LTD

Balance sheet continued

As at 31 July 2018


Notes

2018
£

2017
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: ( 408 ) 3,000
Shareholders funds: ( 407 ) 3,001

For the year ending 31 July 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 15 March 2019
And Signed On Behalf Of The Board By:

Name: G A Both
Status: Director

The notes form part of these financial statements

INSPIRED FREEDOM LTD

Notes to the Financial Statements

for the Period Ended 31 July 2018

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102.
    The balance sheet shows a deficit of £407. The director, by taking account of all relevant information currently available, considers that the company will be able to meet all debts as they fall due. The director has indicated his wilingness to support the company for the foreseeable future. Under these circumstances, the director is of the opinion that it is appropriate for the financial statements to be prepared on a going concern basis.

    Turnover policy

    Turnover represents net invoiced supply of services, excluding value added tax.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
    Computer equipment 33.33% straight line

INSPIRED FREEDOM LTD

Notes to the Financial Statements

for the Period Ended 31 July 2018

2. Tangible Assets

Total
Cost £
At 01 August 2017 73
Additions 35
Disposals -
Revaluations -
Transfers -
At 31 July 2018 108
Depreciation
At 01 August 2017 4
Charge for year 36
On disposals -
Other adjustments -
At 31 July 2018 40
Net book value
At 31 July 2018 68
At 31 July 2017 69