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REGISTERED NUMBER: 07455797 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Insofast Limited

Insofast Limited (Registered number: 07455797)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Insofast Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: D J Chadwick
W H Ollis
R J Goodall





REGISTERED OFFICE: KKM Buildings
Old Reservoir Road
Farlington
Portsmouth
Hampshire
PO6 1SU





REGISTERED NUMBER: 07455797 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

Insofast Limited (Registered number: 07455797)

Balance Sheet
31 August 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 48,813 55,946
Debtors 4 3,328 15,331
Cash at bank and in hand 118,675 91,054
170,816 162,331
CREDITORS
Amounts falling due within one year 5 15,655 15,605
NET CURRENT ASSETS 155,161 146,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,161

146,726

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 155,121 146,686
SHAREHOLDERS' FUNDS 155,161 146,726

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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 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 Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:





D J Chadwick - Director


Insofast Limited (Registered number: 07455797)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Insofast 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,328 14,331
Other debtors - 1,000
3,328 15,331

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 12,027 12,985
Taxation and social security 3,003 2,035
Other creditors 625 585
15,655 15,605

6. ULTIMATE CONTROLLING PARTY

The controlling party is Product Licensing Company Ltd.