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
The INS Group Ltd
Company Information
for the year ended 30 April 2024
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
The INS Group Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
8,108
11,085
Cash at bank and in hand
63,738
242,205
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
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
The INS Group Ltd
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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
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
At 30 April 2024
306
1,867
5,935
8,108
At 30 April 2023
-
-
11,085
11,085
The INS Group Ltd
Notes to the Accounts
for the year ended 30 April 2024
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
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
47,695
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
-
7
Creditors: amounts falling due after more than one year
2024
2023
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).