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REGISTERED NUMBER: 09278539 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

INSEQUENCE EUROPE LIMITED

INSEQUENCE EUROPE LIMITED (REGISTERED NUMBER: 09278539)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INSEQUENCE EUROPE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: K T Delk
P D Greenway B.Sc (Hons), MBCS





SECRETARY: P D Greenway B.Sc (Hons), MBCS





REGISTERED OFFICE: 77 Camp Road
Heyford Park
Upper Heyford
Bicester
Oxfordshire
OX25 5HD





REGISTERED NUMBER: 09278539 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT

INSEQUENCE EUROPE LIMITED (REGISTERED NUMBER: 09278539)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 890 1,779

CURRENT ASSETS
Debtors 5 74,771 114,812
Cash at bank 91,752 58,563
166,523 173,375
CREDITORS
Amounts falling due within one year 6 39,661 32,254
NET CURRENT ASSETS 126,862 141,121
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,752

142,900

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 126,752 141,900
SHAREHOLDERS' FUNDS 127,752 142,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 20 August 2024 and were signed on its behalf by:



P D Greenway B.Sc (Hons), MBCS - Director


INSEQUENCE EUROPE LIMITED (REGISTERED NUMBER: 09278539)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Insequence Europe Limited 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the Revenue costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

INSEQUENCE EUROPE LIMITED (REGISTERED NUMBER: 09278539)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 2,669
DEPRECIATION
At 1 January 2023 890
Charge for year 889
At 31 December 2023 1,779
NET BOOK VALUE
At 31 December 2023 890
At 31 December 2022 1,779

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 35,218 68,518
Other debtors 3,500 3,500
Prepayments and accrued income 36,053 42,794
74,771 114,812

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 30,322 30,322
Social security and other taxes 7,779 -
VAT 405 777
Accruals and deferred income 1,155 1,155
39,661 32,254

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

INSEQUENCE EUROPE LIMITED (REGISTERED NUMBER: 09278539)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. RELATED PARTY DISCLOSURES

During the period, the company traded with its parent company, Insequence Corporation.

During the period, total costs incurred by Insequence Corporation and subsequently recharged to Insequence Europe Limited amounted to £196,542(2022: £251,634) During the period, total of sales made to Insequense Inc (US) is £82,026 (2022: £Nil).

As at 31 December 2023 an amount of £5,266 (2022: £11,873) was owed to Insequence Corporation by Insequence Europe Limited.

During the period, the company traded with Active Media Business Solutions Limited, a company under the control of P D Greenway.

During the year Management Fee of £99,438 (2022: £92,500) paid to Active Media Business Solutions Limited.