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REGISTERED NUMBER: 09563908 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Industry Insights Ltd

Industry Insights Ltd (Registered number: 09563908)

Contents of the Financial Statements
for the Year Ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Industry Insights Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTOR: S D G Thompson





REGISTERED OFFICE: Kingsleigh House
Manor Court
Main Street
Willoughby Waterleys
Leicestershire
LE8 6UF





REGISTERED NUMBER: 09563908 (England and Wales)





ACCOUNTANTS: Harris & Co
Chartered Accountants
2 Pavilion Court
600 Pavilion Drive
Northampton
NN4 7SL

Industry Insights Ltd (Registered number: 09563908)

Balance Sheet
30 April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,752,506 729,354
Investments 5 102,892 10,000
1,855,398 739,354

CURRENT ASSETS
Debtors 6 354,088 134,376
Cash at bank 2,169,900 2,605,648
2,523,988 2,740,024
CREDITORS
Amounts falling due within one year 7 (236,874 ) (297,974 )
NET CURRENT ASSETS 2,287,114 2,442,050
TOTAL ASSETS LESS CURRENT LIABILITIES 4,142,512 3,181,404

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 4,142,511 3,181,403
SHAREHOLDERS' FUNDS 4,142,512 3,181,404

Industry Insights Ltd (Registered number: 09563908)

Balance Sheet - continued
30 April 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 3 November 2023 and were signed by:





S D G Thompson - Director


Industry Insights Ltd (Registered number: 09563908)

Notes to the Financial Statements
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

Industry Insights 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 the cost less estimated residual value of each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Industry Insights Ltd (Registered number: 09563908)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 800,777
Additions 1,097,752
Disposals (33,000 )
At 30 April 2023 1,865,529
DEPRECIATION
At 1 May 2022 71,423
Charge for year 52,600
Eliminated on disposal (11,000 )
At 30 April 2023 113,023
NET BOOK VALUE
At 30 April 2023 1,752,506
At 30 April 2022 729,354

5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Shares in group undertakings 10,000 10,000
Other investments not loans 92,892 -
102,892 10,000

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 May 2022
and 30 April 2023 10,000
NET BOOK VALUE
At 30 April 2023 10,000
At 30 April 2022 10,000


Industry Insights Ltd (Registered number: 09563908)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


5. FIXED ASSET INVESTMENTS - continued
Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Watches 92,892 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 164,405 57,675
Other debtors 189,683 76,701
354,088 134,376

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 485 2,876
Taxation and social security 235,728 295,036
Other creditors 661 62
236,874 297,974