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REGISTERED NUMBER: 05871110 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

SDM INSIGHT LIMITED

SDM INSIGHT LIMITED (REGISTERED NUMBER: 05871110)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SDM INSIGHT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: S D Metcalfe





SECRETARY: C M Metcalfe





REGISTERED OFFICE: 8a Coldwell Close
Kings Stanley
Stonehouse
Gloucestershire
GL10 3QN





REGISTERED NUMBER: 05871110 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

SDM INSIGHT LIMITED (REGISTERED NUMBER: 05871110)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,267 1,874

CURRENT ASSETS
Stocks - 4,500
Debtors 5 13,004 6,000
Cash at bank 26,197 30,253
39,201 40,753
CREDITORS
Amounts falling due within one year 6 18,461 19,904
NET CURRENT ASSETS 20,740 20,849
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,007

22,723

PROVISIONS FOR LIABILITIES 241 356
NET ASSETS 21,766 22,367

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 21,666 22,267
SHAREHOLDERS' FUNDS 21,766 22,367

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

SDM INSIGHT LIMITED (REGISTERED NUMBER: 05871110)

BALANCE SHEET - continued
31 JULY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 September 2023 and were signed by:





S D Metcalfe - Director


SDM INSIGHT LIMITED (REGISTERED NUMBER: 05871110)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

SDM Insight 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.

Going concern
There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

Turnover
Turnover represents net invoiced sales of services, excluding VAT. Revenue from consulting is recognised when the service has been provided and all obligations to the customers have been fulfilled unless management has doubts as to the recoverability of fees.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

SDM INSIGHT LIMITED (REGISTERED NUMBER: 05871110)

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

2. ACCOUNTING POLICIES - continued

Pension costs
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.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 3,497 8,169 11,666
DEPRECIATION
At 1 August 2022 3,359 6,433 9,792
Charge for year 35 572 607
At 31 July 2023 3,394 7,005 10,399
NET BOOK VALUE
At 31 July 2023 103 1,164 1,267
At 31 July 2022 138 1,736 1,874

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 11,070 6,000
Directors' loan accounts 1,934 -
13,004 6,000

SDM INSIGHT LIMITED (REGISTERED NUMBER: 05871110)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation Tax 11,530 11,841
VAT 5,057 5,839
Other creditors (1 ) 290
Directors' loan accounts - 79
Accrued expenses 1,875 1,855
18,461 19,904

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
S D Metcalfe
Balance outstanding at start of year (79 ) (72 )
Amounts advanced 2,325 305
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,934 (79 )

No interest is being charged on the loan and there are no set repayment terms.