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REGISTERED NUMBER: 07538557 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2018

for

Insight Projex Ltd

Insight Projex Ltd (Registered number: 07538557)






Contents of the Financial Statements
for the Year Ended 28 February 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Insight Projex Ltd

Company Information
for the Year Ended 28 February 2018







DIRECTORS: Dr A Mubarak
Mrs N A Mubarak





REGISTERED OFFICE: Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA





BUSINESS ADDRESS: Chapter House
40 High Trees Road
Reigate
Kent
RH2 7EN





REGISTERED NUMBER: 07538557 (England and Wales)





ACCOUNTANTS: Andrew R Cook Chartered Accountants
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Insight Projex Ltd (Registered number: 07538557)

Balance Sheet
28 February 2018

28.2.18 28.2.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,729 3,714

CURRENT ASSETS
Stocks 5 4,250 5,947
Debtors 6 4,952 7,038
Cash at bank 137,176 93,116
146,378 106,101
CREDITORS
Amounts falling due within one year 7 85,577 48,585
NET CURRENT ASSETS 60,801 57,516
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,530

61,230

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 9 63,330 61,030
SHAREHOLDERS' FUNDS 63,530 61,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 13 November 2018 and were signed on
its behalf by:





Dr A Mubarak - Director


Insight Projex Ltd (Registered number: 07538557)

Notes to the Financial Statements
for the Year Ended 28 February 2018

1. STATUTORY INFORMATION

Insight Projex 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 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.
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling
costs in bringing stocks to their present location and condition.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 3 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2017 5,544
Additions 358
At 28 February 2018 5,902
DEPRECIATION
At 1 March 2017 1,830
Charge for year 1,343
At 28 February 2018 3,173
NET BOOK VALUE
At 28 February 2018 2,729
At 28 February 2017 3,714

Insight Projex Ltd (Registered number: 07538557)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

5. STOCKS
28.2.18 28.2.17
£    £   
Work-in-progress 4,250 5,947

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Other debtors 430 300
Corporation tax - 742
VAT 634 2,440
Prepayments 3,888 3,556
4,952 7,038

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Trade creditors 1,316 757
Corporation tax 6,436 -
Directors' current accounts 76,175 46,588
Accrued expenses 1,650 1,240
85,577 48,585

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.18 28.2.17
value: £    £   
100 Ordinary "A" £1 100 100
100 Ordinary "B" £1 100 100
200 200

9. RESERVES
Retained
earnings
£   

At 1 March 2017 61,030
Profit for the year 26,300
Dividends (24,000 )
At 28 February 2018 63,330

10. RELATED PARTY DISCLOSURES

During the year the directors, Dr A Mubarak and Mrs N A Mubarak, being husband and wife, made net
deposits to their account of £29,587. The balance on their account at 28 February 2018 was £76,175
in credit (2017 - £46,588).

Also during the year they received combined dividends from the company of £24,000 (2017 - £nil).

Insight Projex Ltd (Registered number: 07538557)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

11. ULTIMATE CONTROLLING PARTY

Dr and Mrs Mubarak are the ultimate controlling party by virtue of their holding all of the company's
issued share capital.