Company Registration No. 10584655 (England and Wales)
INSIGHT2INCOME LIMITED
Unaudited accounts
for the year ended 31 July 2023
INSIGHT2INCOME LIMITED
Unaudited accounts
Contents
INSIGHT2INCOME LIMITED
Company Information
for the year ended 31 July 2023
Company Number
10584655 (England and Wales)
Registered Office
48 St. David's Road
Weymouth
Dorset
DT4 9LP
Accountants
SQK Accountancy Limited
Use.Space
Paddock St
Manchester
North West England
M12 6PN
INSIGHT2INCOME LIMITED
Accountants' report
Accountants' report to the director of INSIGHT2INCOME LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
INSIGHT2INCOME LIMITED for the year ended
31 July 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of INSIGHT2INCOME LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of INSIGHT2INCOME LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than INSIGHT2INCOME LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that INSIGHT2INCOME LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of INSIGHT2INCOME LIMITED. You consider that INSIGHT2INCOME LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of INSIGHT2INCOME LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
SQK Accountancy Limited
Use.Space
Paddock St
Manchester
North West England
M12 6PN
29 February 2024
INSIGHT2INCOME LIMITED
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
240,120
268,851
Creditors: amounts falling due within one year
(21,771)
(823)
Net current assets
225,232
275,759
Net assets
225,393
276,082
Called up share capital
1
1
Profit and loss account
225,392
276,081
Shareholders' funds
225,393
276,082
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 29 February 2024 and were signed on its behalf by
Mr A Le Lerre
Director
Company Registration No. 10584655
INSIGHT2INCOME LIMITED
Notes to the Accounts
for the year ended 31 July 2023
INSIGHT2INCOME LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10584655. The registered office is 48 St. David's Road, Weymouth, Dorset, DT4 9LP.
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.
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:
Plant & machinery
25% Straight line
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
INSIGHT2INCOME LIMITED
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
21,771
823
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).