1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 3,054 739 3,054 739 3,054 101 3,054 101 638 xbrli:pure xbrli:shares iso4217:GBP 09715824 2023-01-01 2023-12-31 09715824 2023-12-31 09715824 2022-12-31 09715824 2022-01-01 2022-12-31 09715824 2022-12-31 09715824 2021-12-31 09715824 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 09715824 bus:Director1 2023-01-01 2023-12-31 09715824 core:WithinOneYear 2023-12-31 09715824 core:WithinOneYear 2022-12-31 09715824 core:ShareCapital 2023-12-31 09715824 core:ShareCapital 2022-12-31 09715824 core:SharePremium 2023-12-31 09715824 core:SharePremium 2022-12-31 09715824 core:RetainedEarningsAccumulatedLosses 2023-12-31 09715824 core:RetainedEarningsAccumulatedLosses 2022-12-31 09715824 bus:SmallEntities 2023-01-01 2023-12-31 09715824 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 09715824 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09715824 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09715824 bus:FullAccounts 2023-01-01 2023-12-31 09715824 bus:OrdinaryShareClass1 2023-12-31 09715824 bus:OrdinaryShareClass1 2022-12-31 09715824 core:ComputerEquipment 2023-01-01 2023-12-31 09715824 core:ComputerEquipment 2022-12-31 09715824 core:ComputerEquipment 2023-12-31
COMPANY REGISTRATION NUMBER: 09715824
SME INSIGHT GROUP LTD
Filleted Unaudited Accounts
31 December 2023
SME INSIGHT GROUP LTD
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
638
Current assets
Debtors
6
407,499
230,300
Cash at bank and in hand
970
86,364
---------
---------
408,469
316,664
Creditors: amounts falling due within one year
7
207,765
153,848
---------
---------
Net current assets
200,704
162,816
---------
---------
Total assets less current liabilities
201,342
162,816
---------
---------
Net assets
201,342
162,816
---------
---------
Capital and reserves
Called up share capital
8
6,187
6,187
Share premium account
210,795
210,795
Profit and loss account
( 15,640)
( 54,166)
---------
---------
Shareholders funds
201,342
162,816
---------
---------
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .
SME INSIGHT GROUP LTD
Statement of Financial Position (continued)
31 December 2023
These accounts were approved by the board of directors and authorised for issue on 5 August 2024 , and are signed on behalf of the board by:
S Paillet
Director
Company registration number: 09715824
SME INSIGHT GROUP LTD
Notes to the Accounts
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange street, Haymarket, London, WC2H 7DQ.
2. Statement of compliance
These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The accounts have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The accounts are prepared in sterling, which is the functional currency of the entity.
Going concern
In the opinion of the directors the company is a going concern as it has the financial resources to continue trading and to meet its ongoing trading obligations. As such, the accounts are prepared on the going concern basis.
Revenue recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
33% straight line
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 3 ).
5. Tangible assets
Computer equipment
£
Cost
At 1 January 2023
3,054
Additions
739
Disposals
( 3,054)
-------
At 31 December 2023
739
-------
Depreciation
At 1 January 2023
3,054
Charge for the year
101
Disposals
( 3,054)
-------
At 31 December 2023
101
-------
Carrying amount
At 31 December 2023
638
-------
At 31 December 2022
-------
6. Debtors
2023
2022
£
£
Trade debtors
576
Amounts owed by group undertakings and undertakings in which the company has a participating interest
403,781
220,002
Other debtors
3,718
9,722
---------
---------
407,499
230,300
---------
---------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
65
6,338
Social security and other taxes
21,653
6,749
Other creditors
186,047
140,761
---------
---------
207,765
153,848
---------
---------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
6,187
6,187
6,187
6,187
-------
-------
-------
-------
9. Related party transactions
No related party transactions or balances are required to be disclosed in accordance with FRS 102 Section 1A.
10. Controlling party
The ultimate controlling party is Groupe Smart Ratings SAS , whose registered office is 86 rue Notre-Dame de Nazareth, 75003 Paris.