Company Registration No. 07966797 (England and Wales)
BI INSITE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
BI INSITE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BI INSITE LIMITED (REGISTERED NUMBER: 07966797)
BALANCE SHEET
AS AT
31 MAY 2023
31 May 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
892
1,189
Current assets
Debtors
4
56,583
55,066
Cash at bank and in hand
24,584
26,707
81,167
81,773
Creditors: amounts falling due within one year
5
(3,794)
(3,811)
Net current assets
77,373
77,962
Net assets
78,265
79,151
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
78,264
79,150
Total equity
78,265
79,151

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 27 November 2023
Mr T Bagri
Director
BI INSITE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
- 2 -
1
Accounting policies
Company information

BI Insite Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Easedale Close, Coventry, CV3 6LH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Equipment
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
BI INSITE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 3 -
3
Tangible fixed assets
Equipment
£
Cost
At 1 June 2022 and 31 May 2023
5,119
Depreciation and impairment
At 1 June 2022
3,930
Depreciation charged in the year
297
At 31 May 2023
4,227
Carrying amount
At 31 May 2023
892
At 31 May 2022
1,189
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
56,583
55,066
5
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
-
0
17
Other creditors
3,794
3,794
3,794
3,811
2023-05-312022-06-01false27 November 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr T BagriMrs S  Bagrifalse079667972022-06-012023-05-31079667972023-05-31079667972022-05-3107966797core:ComputerEquipment2023-05-3107966797core:ComputerEquipment2022-05-3107966797core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-3107966797core:CurrentFinancialInstrumentscore:WithinOneYear2022-05-3107966797core:CurrentFinancialInstruments2023-05-3107966797core:CurrentFinancialInstruments2022-05-3107966797core:ShareCapital2023-05-3107966797core:ShareCapital2022-05-3107966797core:RetainedEarningsAccumulatedLosses2023-05-3107966797core:RetainedEarningsAccumulatedLosses2022-05-3107966797bus:Director12022-06-012023-05-3107966797core:ComputerEquipment2022-06-012023-05-31079667972021-06-012022-05-3107966797core:ComputerEquipment2022-05-3107966797core:WithinOneYear2023-05-3107966797core:WithinOneYear2022-05-3107966797bus:PrivateLimitedCompanyLtd2022-06-012023-05-3107966797bus:SmallCompaniesRegimeForAccounts2022-06-012023-05-3107966797bus:FRS1022022-06-012023-05-3107966797bus:AuditExemptWithAccountantsReport2022-06-012023-05-3107966797bus:CompanySecretary12022-06-012023-05-3107966797bus:FullAccounts2022-06-012023-05-31xbrli:purexbrli:sharesiso4217:GBP