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REGISTERED NUMBER: 07538557 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Insight Projex Ltd

Insight Projex Ltd (Registered number: 07538557)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Insight Projex Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Dr A D Mubarak
Mrs N A Mubarak





REGISTERED OFFICE: Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA





BUSINESS ADDRESS: Chapter House
40 High Trees Road
Reigate
Kent
RH2 7EN





REGISTERED NUMBER: 07538557 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Insight Projex Ltd (Registered number: 07538557)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,317 1,477

CURRENT ASSETS
Debtors 5 18,751 8,214
Cash at bank 103,067 91,844
121,818 100,058
CREDITORS
Amounts falling due within one year 6 116,960 75,201
NET CURRENT ASSETS 4,858 24,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,175

26,334

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 8 6,975 26,134
SHAREHOLDERS' FUNDS 7,175 26,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 18 October 2023 and were signed on its behalf by:





Dr A D Mubarak - Director


Insight Projex Ltd (Registered number: 07538557)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Insight Projex Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2022 7,285
Additions 1,982
At 28 February 2023 9,267
DEPRECIATION
At 1 March 2022 5,808
Charge for year 1,142
At 28 February 2023 6,950
NET BOOK VALUE
At 28 February 2023 2,317
At 28 February 2022 1,477

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 4,920 -
Other debtors 5,875 300
Corporation tax 2,427 2,427
Prepayments 5,529 5,487
18,751 8,214

Insight Projex Ltd (Registered number: 07538557)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 2,848 928
Social security and other taxes - 524
VAT 530 60
Other creditors 4,875 -
Directors' current accounts 79,545 71,989
Deferred income 27,462 -
Accrued expenses 1,700 1,700
116,960 75,201

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary "A" £1 100 100
100 Ordinary "B" £1 100 100
200 200

8. RESERVES
Retained
earnings
£   

At 1 March 2022 26,134
Deficit for the year (15,159 )
Dividends (4,000 )
At 28 February 2023 6,975

9. RELATED PARTY DISCLOSURES

During the year the directors, Dr A Mubarak and Mrs N A Mubarak, being husband and wife, made net deposits to their account of £7,556. The balance on their account at 28 February 2023 was £79,545 in credit (2022 - £71,989).

Also during the year they received combined dividends from the company of £4,000 (2022 - £4,000).

10. ULTIMATE CONTROLLING PARTY

Dr and Mrs Mubarak are the ultimate controlling party by virtue of their holding all of the company's issued share capital.