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Company Registration No. 9546639 (England and Wales)
The INS Group Ltd Unaudited accounts for the year ended 30 April 2024
The INS Group Ltd Unaudited accounts Contents
Page
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The INS Group Ltd Company Information for the year ended 30 April 2024
Director
M L Wilkie
Company Number
9546639 (England and Wales)
Registered Office
81 High Street Cosham Portsmouth Hampshire PO6 3BL England
Accountants
GKM Accountants Ltd 18 Evelegh Road Portsmouth PO6 1DL
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The INS Group Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,108 
11,085 
Current assets
Debtors
75,393 
922,018 
Cash at bank and in hand
63,738 
242,205 
139,131 
1,164,223 
Creditors: amounts falling due within one year
(104,255)
(434,975)
Net current assets
34,876 
729,248 
Total assets less current liabilities
42,984 
740,333 
Creditors: amounts falling due after more than one year
- 
(310,924)
Provisions for liabilities
Deferred tax
- 
(2,082)
Net assets
42,984 
427,327 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
42,884 
427,227 
Shareholders' funds
42,984 
427,327 
For the year ending 30 April 2024 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 19 September 2024 and were signed on its behalf by
M L Wilkie Director Company Registration No. 9546639
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The INS Group Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
The INS Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 9546639. The registered office is 81 High Street, Cosham, Portsmouth, Hampshire, PO6 3BL, 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.
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
33% on cost
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
- 
- 
34,834 
34,834 
Additions
375 
2,050 
1,158 
3,583 
Disposals
- 
- 
(12,042)
(12,042)
At 30 April 2024
375 
2,050 
23,950 
26,375 
Depreciation
At 1 May 2023
- 
- 
23,749 
23,749 
Charge for the year
69 
183 
6,309 
6,561 
On disposals
- 
- 
(12,043)
(12,043)
At 30 April 2024
69 
183 
18,015 
18,267 
Net book value
At 30 April 2024
306 
1,867 
5,935 
8,108 
At 30 April 2023
- 
- 
11,085 
11,085 
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The INS Group Ltd Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
74,393 
127,920 
Amounts due from group undertakings etc.
- 
740,591 
Accrued income and prepayments
- 
718 
Other debtors
1,000 
52,789 
75,393 
922,018 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
47,695 
VAT
17,638 
31,594 
Trade creditors
23,067 
41,072 
Amounts owed to group undertakings and other participating interests
- 
19,000 
Taxes and social security
28,482 
23,548 
Other creditors
33,588 
270,066 
Loans from directors
980 
- 
Accruals
500 
2,000 
104,255 
434,975 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
310,924 
8
Transactions with related parties
During the financial year the Director decided to close 3 related parties. These related parties had loan balances with The INS Group which have had to be written off. The amounts written off by party are as follows: MKDPG £90,964.72 INS Property £85,350.41 INS ADC £16,430.28 The amounts written off are treated as an exceptional loss resulting from a movement in provision.
9
Average number of employees
During the year the average number of employees was 16 (2023: 23).
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