REGISTERED NUMBER: SC421617 (Scotland)

Unaudited Financial Statements for the Year Ended 30 March 2017

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

1,658

5,857

Investments

5

166

250

1,824

6,107

CURRENT ASSETS

Debtors

6

20,204

47,293

Cash at bank

133,287

135,989

153,491

183,282

CREDITORS

Amounts falling due within one year

7

28,388

35,660

NET CURRENT ASSETS

125,103

147,622

TOTAL ASSETS LESS CURRENT LIABILITIES

126,927

153,729

PROVISIONS FOR LIABILITIES

365

1,222

NET ASSETS

126,562

152,507

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

9

126,552

152,497

SHAREHOLDERS' FUNDS

126,562

152,507

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2017 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 20 December 2017 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.

Motor vehicles

-

25% 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 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 31 March 2016

450

499

10,426

6,574

17,949

Additions

-

-

2,074

-

2,074

Disposals

-

-

(12,500

)

-

(12,500

)

At 30 March 2017

450

499

-

6,574

7,523

DEPRECIATION

At 31 March 2016

90

244

7,127

4,631

12,092

Charge for year

72

51

-

777

900

Eliminated on disposal

-

-

(7,127

)

-

(7,127

)

At 30 March 2017

162

295

-

5,408

5,865

NET BOOK VALUE

At 30 March 2017

288

204

-

1,166

1,658

At 30 March 2016

360

255

3,299

1,943

5,857

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 31 March 2016

250

Disposals

(84

)

At 30 March 2017

166

NET BOOK VALUE

At 30 March 2017

166

At 30 March 2016

250

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.17

30.3.16

£

£

Trade debtors

13,591

14,230

Directors' current accounts

-

26,450

Tax

6,613

6,613

20,204

47,293

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.3.17

30.3.16

£

£

Trade creditors

-

1,425

Tax

22,077

29,334

Social security and other taxes

55

717

VAT

6,082

4,184

Directors' current accounts

174

-

28,388

35,660

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.3.17

30.3.16

value:

£

£

10

Ordinary

£1.00

10

10

9.

RESERVES

Retained

earnings

£

At 31 March 2016

152,497

Profit for the year

88,356

Dividends

(114,301

)

At 30 March 2017

126,552

10.	RELATED PARTY DISCLOSURES

At the year-end Mr T Wigham and Mrs A Wigham De Boer are due £174.00 from the company.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is T W Wigham.

The ultimate controlling party is A Wigham De Boer.