REGISTERED NUMBER: SC421617 (Scotland)

Unaudited Financial Statements for the Year Ended 30 March 2018

for

!nspired Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T W Wigham

A Wigham De Boer

REGISTERED OFFICE:

26 Polmuir Road

Aberdeen

AB11 7SY

REGISTERED NUMBER:

SC421617 (Scotland)

ACCOUNTANTS:

Carnegie Knox (Scotland) Limited

R & A House Woodburn Road

Blackburn

Aberdeen

Aberdeenshire

AB21 0PS

FIXED ASSETS

Tangible assets

4

1,093

1,658

Investments

5

82

166

1,175

1,824

CURRENT ASSETS

Debtors

6

18,810

20,204

Cash at bank

137,132

133,287

155,942

153,491

CREDITORS

Amounts falling due within one year

7

24,386

28,388

NET CURRENT ASSETS

131,556

125,103

TOTAL ASSETS LESS CURRENT LIABILITIES

132,731

126,927

PROVISIONS FOR LIABILITIES

235

365

NET ASSETS

132,496

126,562

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

9

132,486

126,552

SHAREHOLDERS' FUNDS

132,496

126,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 23 November 2018 and were signed on its behalf by:

T W Wigham - Director

A Wigham De Boer - Director

1.	STATUTORY INFORMATION

!nspired Ltd 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.

Turnover

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

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

40% on reducing balance

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 31 March 2017

and 30 March 2018

450

499

6,574

7,523

DEPRECIATION

At 31 March 2017

162

295

5,408

5,865

Charge for year

58

40

467

565

At 30 March 2018

220

335

5,875

6,430

NET BOOK VALUE

At 30 March 2018

230

164

699

1,093

At 30 March 2017

288

204

1,166

1,658

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 31 March 2017

166

Disposals

(84

)

At 30 March 2018

82

NET BOOK VALUE

At 30 March 2018

82

At 30 March 2017

166

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.18

30.3.17

£

£

Trade debtors

18,810

13,591

Tax

-

6,613

18,810

20,204

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.18

30.3.17

£

£

Tax

15,216

22,077

Social security and other taxes

-

55

VAT

8,780

6,082

Directors' current accounts

390

174

24,386

28,388

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.3.18

30.3.17

value:

£

£

10

Ordinary

£1.00

10

10

9.

RESERVES

Retained

earnings

£

At 31 March 2017

126,552

Profit for the year

85,650

Dividends

(79,716

)

At 30 March 2018

132,486

10.	RELATED PARTY DISCLOSURES

At the year-end Mr T Wigham and Mrs A Wigham De Boer are due £390 from the company.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is T W Wigham.

The ultimate controlling party is A Wigham De Boer.