Abbreviated Company Accounts - INSPIRE PROMOTIONS LTD

03259801 INSPIRE PROMOTIONS LTD 2013-12-31 false 2013-01-01 2013-12-31 true 03259801 2013-01-01 2013-12-31 03259801 2013-12-31 03259801 2012-12-31 03259801 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 03259801 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director3 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director3 2013-12-31 uk-gaap-cd-bus:Director3 2012-12-31 uk-gaap-cd-bus:Director4 2013-01-01 2013-12-31 uk-gaap-cd-bus:Director4 2013-12-31 uk-gaap-cd-bus:Director4 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 03259801

INSPIRE PROMOTIONS LTD

Abbreviated Accounts

31 December 2013

INSPIRE PROMOTIONS LTD Registered Number 03259801

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	395	527
		395	527
Current assets
Debtors		40,544	51,355
		40,544	51,355
Creditors: amounts falling due within one year		(67,746)	(61,977)
Net current assets (liabilities)		(27,202)	(10,622)
Total assets less current liabilities		(26,807)	(10,095)
Total net assets (liabilities)		(26,807)	(10,095)
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		(27,807)	(11,095)
Shareholders' funds		(26,807)	(10,095)

For the year ending 31 December 2013 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 22 September 2014

And signed on their behalf by:
D Fox, Director

INSPIRE PROMOTIONS LTD Registered Number 03259801

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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 amounts receivable for goods and services net of vat and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 January 2013	6,339
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	6,339
Depreciation
At 1 January 2013	5,812
Charge for the year	132
On disposals	-
At 31 December 2013	5,944
Net book values
At 31 December 2013	395
At 31 December 2012	527

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
1,000 Ordinary shares of £1 each	1,000	1,000

4Transactions with directors

Name of director receiving advance or credit:	D Fox
Description of the transaction:	Loan
Balance at 1 January 2013:	£ 23,027
Advances or credits made:	£ 19,190
Advances or credits repaid:	£ 23,500
Balance at 31 December 2013:	£ 18,717

Name of director receiving advance or credit:	L Fox
Description of the transaction:	Loan
Balance at 1 January 2013:	£ 23,027
Advances or credits made:	£ 19,190
Advances or credits repaid:	£ 23,500
Balance at 31 December 2013:	£ 18,717