Company Registration No. 6897597 (England and Wales)
INS Tech Engineering Solutions Limited
Unaudited accounts
for the year ended 31 May 2023
INS Tech Engineering Solutions Limited
Unaudited accounts
Contents
INS Tech Engineering Solutions Limited
Company Information
for the year ended 31 May 2023
Directors
Mariusz Stanislaw Kubiak
Kamila Kubiak
Company Number
6897597 (England and Wales)
Registered Office
26 PADDINGTON CLOSE
HAYES
MIDDLESEX
UB4 9QH
INS Tech Engineering Solutions Limited
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
161,054
96,514
Creditors: amounts falling due within one year
(24,052)
(24,809)
Net current assets
210,571
147,654
Net assets
212,393
147,654
Called up share capital
100
100
Profit and loss account
212,293
147,554
Shareholders' funds
212,393
147,654
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by
Mariusz Stanislaw Kubiak
Director
Company Registration No. 6897597
INS Tech Engineering Solutions Limited
Notes to the Accounts
for the year ended 31 May 2023
INS Tech Engineering Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 6897597. The registered office is 26 PADDINGTON CLOSE, HAYES, MIDDLESEX, UB4 9QH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
50% on Cost
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
INS Tech Engineering Solutions Limited
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
70,722
72,978
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
53,689
32,364
Other creditors
-
(11,263)
Loans from directors
(29,641)
3,708
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
During the period the company operates a defined contribution pension scheme.
9
Transactions with related parties
During the year, total dividends of £151,800 (2022 - £41,145) were paid to Mr M Kubiak
The ultimate controlling party is M S Kubiak
INS Tech Engineering Solutions Limited
Notes to the Accounts
for the year ended 31 May 2023
11
Average number of employees
During the year the average number of employees was 3 (2022: 3).