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REGISTERED NUMBER: 02850959 (England and Wales)
















Insight Films Limited

Unaudited Financial Statements

for the Year Ended 31st December 2023






Insight Films Limited (Registered number: 02850959)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Insight Films Limited

Company Information
for the Year Ended 31st December 2023







Directors: Ms. D Shuter
Mr. A S Tysoe





Registered office: 545 Caledonian Road
London
N7 9RF





Registered number: 02850959 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Insight Films Limited (Registered number: 02850959)

Statement of Financial Position
31st December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,877 2,502

Current assets
Debtors 5 - 5,723
Cash at bank 28,644 52,442
28,644 58,165
Creditors
Amounts falling due within one year 6 9,456 17,503
Net current assets 19,188 40,662
Total assets less current liabilities 21,065 43,164

Capital and reserves
Called up share capital 2 2
Retained earnings 21,063 43,162
21,065 43,164

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd September 2024 and were signed on its behalf by:





Ms. D Shuter - Director


Insight Films Limited (Registered number: 02850959)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. Statutory information

Insight Films 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.

Turnover
Turnover represents the total value of sales made during the year, excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 4 ) .

Insight Films Limited (Registered number: 02850959)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1st January 2023
and 31st December 2023 5,258
Depreciation
At 1st January 2023 2,756
Charge for year 625
At 31st December 2023 3,381
Net book value
At 31st December 2023 1,877
At 31st December 2022 2,502

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors - 5,723

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Taxation and social security 6,907 15,003
Other creditors 2,549 2,500
9,456 17,503

7. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

2023 2022
£    £   
Ms. D Shuter
Balance outstanding at start of year 5,723 -
Amounts advanced - 5,723
Amounts repaid (5,723 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,723