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REGISTERED NUMBER: 12448099 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

INSTANT INSIGHT BUSINESS ACCOUNTING LTD
TRADING AS
INSTANT INSIGHT BUSINESS ACCOUNTING

INSTANT INSIGHT BUSINESS ACCOUNTING LTD (REGISTERED NUMBER: 12448099)
TRADING AS INSTANT INSIGHT BUSINESS ACCOUNTING






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INSTANT INSIGHT BUSINESS ACCOUNTING LTD
TRADING AS INSTANT INSIGHT BUSINESS ACCOUNTING

Company Information
for the Year Ended 29 February 2024







DIRECTOR: MC Pearce





REGISTERED OFFICE: Kestrel Court Waterwells Drive
Quedgeley
Gloucestershire
GL2 2AT





REGISTERED NUMBER: 12448099 (England and Wales)





ACCOUNTANT: Grahame J Harbour Limited
1 Windrush Road
Keynsham
Bristol
Avon
BS31 1QL

INSTANT INSIGHT BUSINESS ACCOUNTING LTD (REGISTERED NUMBER: 12448099)
TRADING AS INSTANT INSIGHT BUSINESS ACCOUNTING

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,664 4,038

CURRENT ASSETS
Debtors 5 3,184 5,198
Cash at bank 20,888 17,897
24,072 23,095
CREDITORS
Amounts falling due within one year 6 45,504 22,591
NET CURRENT (LIABILITIES)/ASSETS (21,432 ) 504
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,232

4,542

PROVISIONS FOR LIABILITIES 5,066 -
NET ASSETS 166 4,542

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 66 4,442
SHAREHOLDERS' FUNDS 166 4,542

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 2 August 2024 and were signed by:



MC Pearce - Director


INSTANT INSIGHT BUSINESS ACCOUNTING LTD (REGISTERED NUMBER: 12448099)
TRADING AS INSTANT INSIGHT BUSINESS ACCOUNTING

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Instant Insight Business Accounting 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 each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 5 ) .

INSTANT INSIGHT BUSINESS ACCOUNTING LTD (REGISTERED NUMBER: 12448099)
TRADING AS INSTANT INSIGHT BUSINESS ACCOUNTING

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 - - 5,934 5,934
Additions 4,047 21,898 1,545 27,490
At 29 February 2024 4,047 21,898 7,479 33,424
DEPRECIATION
At 1 March 2023 - - 1,896 1,896
Charge for year 667 2,128 2,069 4,864
At 29 February 2024 667 2,128 3,965 6,760
NET BOOK VALUE
At 29 February 2024 3,380 19,770 3,514 26,664
At 28 February 2023 - - 4,038 4,038

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 15 3,566
Other debtors 400 -
Called up share capital not paid - 100
Prepayments 2,769 1,532
3,184 5,198

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other loans 15,940 -
Trade creditors 242 2,000
Tax 6,016 4,467
Social security and other taxes 3,141 4,638
VAT 13,782 10,645
Accrued expenses 6,383 841
45,504 22,591