Registered number
08497416
INSIGHT MENTORING & CONSULTING LIMITED
Filleted Accounts
30 April 2023
INSIGHT MENTORING & CONSULTING LIMITED
Registered number: 08497416
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 3,104
Current assets
Debtors 4 8,305 39,981
Cash at bank and in hand 326,382 265,683
334,687 305,664
Creditors: amounts falling due within one year 5 (32,268) (39,853)
Net current assets 302,419 265,811
Total assets less current liabilities 302,419 268,915
Provisions for liabilities - (536)
Net assets 302,419 268,379
Capital and reserves
Called up share capital 100 100
Profit and loss account 302,319 268,279
Shareholders' funds 302,419 268,379
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
John Harper
Director
Approved by the board on 30 September 2023
INSIGHT MENTORING & CONSULTING LIMITED
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the sales value received or receivable from the sale of goods and from the provision of services. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed. Turnover from services provided is recognised when invoiced.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:
Motor vehicles 33%
Plant, machinery & equipment 33%
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2022 1,403 31,191 32,594
At 30 April 2023 1,403 31,191 32,594
Depreciation
At 1 May 2022 1,120 28,370 29,490
Charge for the year 283 2,821 3,104
At 30 April 2023 1,403 31,191 32,594
Net book value
At 30 April 2023 - - -
At 30 April 2022 283 2,821 3,104
4 Debtors 2023 2022
£ £
Trade debtors 8,305 39,981
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 13,802 17,734
Other taxes and social security costs 1,110 1,069
Other creditors 17,356 21,050
32,268 39,853
6 Other information
INSIGHT MENTORING & CONSULTING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Framley
Startins Lane
Cookham, Maidenhead
Berkshire
SL6 9AN
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