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REGISTERED NUMBER: 06598942 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

INSIGHT FOCUS LIMITED

INSIGHT FOCUS LIMITED (REGISTERED NUMBER: 06598942)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INSIGHT FOCUS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTOR: Ms C Peck





REGISTERED OFFICE: 495 Green Lanes
London
N13 4BS





REGISTERED NUMBER: 06598942 (England and Wales)





ACCOUNTANTS: Avraam Associates Limited
Chartered Accountants
495 Green Lanes
London
N13 4BS

INSIGHT FOCUS LIMITED (REGISTERED NUMBER: 06598942)

BALANCE SHEET
31ST MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,836 1,153

CURRENT ASSETS
Debtors 5 4,094 4,871
Cash at bank and in hand 81,905 114,859
85,999 119,730
CREDITORS
Amounts falling due within one year 6 7,042 24,048
NET CURRENT ASSETS 78,957 95,682
TOTAL ASSETS LESS CURRENT LIABILITIES 80,793 96,835

PROVISIONS FOR LIABILITIES 7 295 153
NET ASSETS 80,498 96,682

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 80,398 96,582
SHAREHOLDERS' FUNDS 80,498 96,682

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

INSIGHT FOCUS LIMITED (REGISTERED NUMBER: 06598942)

BALANCE SHEET - continued
31ST MAY 2023


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 director and authorised for issue on 20th September 2023 and were signed by:





Ms C Peck - Director


INSIGHT FOCUS LIMITED (REGISTERED NUMBER: 06598942)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023

1. STATUTORY INFORMATION

Insight Focus Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced provision of services, excluding value added tax.

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 - 25% on reducing balance and 25% on cost

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 1 (2022 - 1 ) .

INSIGHT FOCUS LIMITED (REGISTERED NUMBER: 06598942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2022 13,445
Additions 1,190
At 31st May 2023 14,635
DEPRECIATION
At 1st June 2022 12,292
Charge for year 507
At 31st May 2023 12,799
NET BOOK VALUE
At 31st May 2023 1,836
At 31st May 2022 1,153

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,094 4,871

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 7,004 8,650
Other creditors 38 15,398
7,042 24,048

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 295 153

Deferred
tax
£   
Balance at 1st June 2022 153
Charge to Income Statement during year 142
Balance at 31st May 2023 295

INSIGHT FOCUS LIMITED (REGISTERED NUMBER: 06598942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100