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Company Registration No. 13255150 (England and Wales)
Insight Energy Renewables Limited Unaudited accounts for the period from 9 March 2021 to 31 March 2022
Insight Energy Renewables Limited Unaudited accounts Contents
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Insight Energy Renewables Limited Company Information for the period from 9 March 2021 to 31 March 2022
Director
Kristian Day
Company Number
13255150 (England and Wales)
Registered Office
22 Ickworth Crescent Rushmere St. Andrew Ipswich IP4 5PQ
Accountants
Barley Grove Financial Solutions Limited 19 Barley Way Elsenham Bishop's Stortford CM22 6GX
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Insight Energy Renewables Limited Statement of financial position as at 31 March 2022
2022 
Notes
£ 
Fixed assets
Tangible assets
2,587 
Current assets
Inventories
28,900 
Debtors
42,641 
Cash at bank and in hand
28,530 
100,071 
Creditors: amounts falling due within one year
(79,876)
Net current assets
20,195 
Net assets
22,782 
Capital and reserves
Called up share capital
100 
Profit and loss account
22,682 
Shareholders' funds
22,782 
For the period ending 31 March 2022 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 August 2022 and were signed on its behalf by
Kristian Day Director Company Registration No. 13255150
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Insight Energy Renewables Limited Notes to the Accounts for the period from 9 March 2021 to 31 March 2022
1
Statutory information
Insight Energy Renewables Limited is a private company, limited by shares, registered in England and Wales, registration number 13255150. The registered office is 22 Ickworth Crescent, Rushmere St. Andrew, Ipswich, IP4 5PQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared on a going concern basis and under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Significant judgements and estimates
No significant judgements or estimates have had to be made by the directors in preparing these financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Tax
Tax 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 tax 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 statement of financial position date.
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Insight Energy Renewables Limited Notes to the Accounts for the period from 9 March 2021 to 31 March 2022
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Other tangible fixed assets
33.33% Straight Line
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 9 March 2021
- 
Additions
3,407 
At 31 March 2022
3,407 
Depreciation
Charge for the period
820 
At 31 March 2022
820 
Net book value
At 31 March 2022
2,587 
5
Average number of employees
During the period the average number of employees was 3.
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