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Company Registration No. 11600476 (England and Wales)
Inserta Fire Barrier Ltd Unaudited accounts for the year ended 31 July 2023
Inserta Fire Barrier Ltd Unaudited accounts Contents
Page
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Inserta Fire Barrier Ltd Company Information for the year ended 31 July 2023
Directors
Jagatjeet Singh Landa Vikramjeet Singh Landa
Company Number
11600476 (England and Wales)
Registered Office
Unit 1 The Clocktower Park Road, Bestwood Village Nottingham Nottinghamshire NG6 8TQ England
Accountants
Net Accountancy Solutions Limited 35 Gripps Common Cotgrave Nottingham Nottinghamshire NG12 3TF
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Inserta Fire Barrier Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,534 
- 
Current assets
Cash at bank and in hand
1,029 
171 
Creditors: amounts falling due within one year
(16,456)
(3,898)
Net current liabilities
(15,427)
(3,727)
Total assets less current liabilities
(893)
(3,727)
Creditors: amounts falling due after more than one year
(20,634)
- 
Net liabilities
(21,527)
(3,727)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(21,627)
(3,827)
Shareholders' funds
(21,527)
(3,727)
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 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 18 April 2024 and were signed on its behalf by
Jagatjeet Singh Landa Director Company Registration No. 11600476
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Inserta Fire Barrier Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Inserta Fire Barrier Ltd is a private company, limited by shares, registered in England and Wales, registration number 11600476. The registered office is Unit 1, The Clocktower, Park Road, Bestwood Village, Nottingham, Nottinghamshire, NG6 8TQ, England.
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.
3
Accounting policies
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.
Change of name
The company changed it's name from Versa IT Limited to Inserta Fire Barrier Ltd on the 11th April 2023.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
3 years straight line
Going concern
The accounts have been prepared on a going concern basis on the understanding that the directors will continue to support the company financially for the foreseeable future.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2022
- 
Additions
31,903 
At 31 July 2023
31,903 
Depreciation
Charge for the year
17,369 
At 31 July 2023
17,369 
Net book value
At 31 July 2023
14,534 
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Inserta Fire Barrier Ltd Notes to the Accounts for the year ended 31 July 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
(6,467)
- 
Other creditors
1,000 
2,000 
Loans from directors
21,563 
1,538 
Accruals
360 
360 
16,456 
3,898 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Trade creditors
19,634 
- 
Other creditors
1,000 
- 
20,634 
- 
7
Transactions with related parties
During the year the director loaned the company £21,563. The loan is interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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