G2J Inspire Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 11038227 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2019

FOR

G2J INSPIRE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

M P Bailey

Mrs E K Bailey

REGISTERED OFFICE:

21 Weaver Close

Bedford

MK41 7YR

REGISTERED NUMBER:

11038227 (England and Wales)

ACCOUNTANTS:

Longstaff, Gentle & Co

61 Harpur Street

Bedford

Bedfordshire

MK40 2SR

FIXED ASSETS

Tangible assets

4

3,286

-

Investments

5

2

Investment property

6

249,537

166,891

252,825

166,893

CURRENT ASSETS

Debtors

7

350

-

Cash at bank

4,134

13,340

4,484

13,340

CREDITORS

Amounts falling due within one year

8

154,130

63,692

NET CURRENT LIABILITIES

(149,646

)

(50,352

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

103,179

116,541

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

103,079

116,441

SHAREHOLDERS' FUNDS

103,179

116,541

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 22 July 2020 and
were signed on its behalf by:

M P Bailey - Director

1.	STATUTORY INFORMATION

G2J Inspire Ltd is a private company, limited by shares , registered in England and Wales. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 etc

-

Straight line over 3 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

4,491

At 31 October 2019

4,491

DEPRECIATION

Charge for year

1,205

At 31 October 2019

1,205

NET BOOK VALUE

At 31 October 2019

3,286

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 November 2018

and 31 October 2019

2

NET BOOK VALUE

At 31 October 2019

2

At 31 October 2018

2

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2018

166,891

Additions

82,646

At 31 October 2019

249,537

NET BOOK VALUE

At 31 October 2019

249,537

At 31 October 2018

166,891

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

Prepayments

350

-

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

Other Creditors

2,649

1,500

Directors' Current Accounts

150,881

61,352

Accrued Expenses

600

840

154,130

63,692

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2019 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Longstaff, Gentle & Co

61 Harpur Street

Bedford

Bedfordshire

MK40 2SR

22 July 2020

G2J Inspire Ltd - Accounts to registrar (filleted) - small 18.2

G2J Inspire Ltd - Accounts to registrar (filleted) - small 18.2