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Company registration number: SC371699
Action Insight Management Ltd
Unaudited filleted financial statements
31 March 2023
Action Insight Management Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Action Insight Management Ltd
Directors and other information
Directors Graeme Scott-Dodd
Lynn Scott-Dodd
Secretary Lynn Scott-Dodd
Company number SC371699
Registered office Summit House
4-5 Michell Street
Edinburgh
EH6 7BD
Business address 2 Willow Grange
Redding
Falkirk
FK2 9US
Accountants Barrie Scott & Co.
16 - 18 Weir Street
Falkirk
FK1 1RA
Action Insight Management Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Action Insight Management Ltd
Year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Action Insight Management Ltd for the year ended 31 March 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Action Insight Management Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Action Insight Management Ltd and state those matters that we have agreed to state to the board of directors of Action Insight Management Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Action Insight Management Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Action Insight Management Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Action Insight Management Ltd. You consider that Action Insight Management Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Action Insight Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Barrie Scott & Co.
Accountants & Tax Advisers
16 - 18 Weir Street
Falkirk
FK1 1RA
5 October 2023
Action Insight Management Ltd
Statement of financial position
31 March 2023
2023 2022
£ £ £ £
Fixed assets 21 26
_______ _______
Current assets 39,358 24,185
Prepayments and accrued income 444 445
_______ _______
39,802 24,630
Creditors: amounts falling due within one year ( 85,300) ( 67,416)
_______ _______
Net current liabilities ( 45,498) ( 42,786)
_______ _______
Total assets less current liabilities ( 45,477) ( 42,760)
Accruals and deferred income ( 1,095) ( 1,050)
_______ _______
Net liabilities ( 46,572) ( 43,810)
_______ _______
Capital and reserves ( 46,572) ( 43,810)
_______ _______
Notes to the financial statements
Action Insight Management Ltd
Year ended 31 March 2023
1. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
2. Going Concern
The company is undertaking a period of concentrating on research & development with the continued financial support of the directors.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 12 September 2023 , and are signed on behalf of the board by:
Graeme Scott-Dodd
Director
Company registration number: SC371699
The company is a private company limited by shares, registered in Scotland.