Insite IT Systems Ltd
Registered number: 08343186
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 5 3,682 10,000
Cash at bank and in hand 79,697 104,664
83,379 114,664
Creditors: amounts falling due within one year 6 (686) (30,685)
Net current assets 82,693 83,979
Net assets 82,693 83,979
Capital and reserves
Called up share capital 100 100
Profit and loss account 82,593 83,879
Shareholder's funds 82,693 83,979
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J Lidder
Director
Approved by the board on 25 September 2024
Insite IT Systems Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 10,000
At 31 March 2024 10,000
Amortisation
At 1 April 2023 10,000
At 31 March 2024 10,000
Net book value
At 31 March 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 4 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 620
At 31 March 2024 620
Depreciation
At 1 April 2023 620
At 31 March 2024 620
Net book value
At 31 March 2024 -
5 Debtors 2024 2023
£ £
Other debtors 3,682 10,000
6 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax (14) (14)
Other taxes and social security costs (20) (20)
Other creditors 720 30,719
686 30,685
7 Other information
Insite IT Systems Ltd is a private company limited by shares and incorporated in England. Its registered office is:
57 Windmill Street
Gravesend
Kent
DA12 1BB
Insite IT Systems Ltd 08343186 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2022 Mr J Lidder No description of principal activity 08343186 2022-04-01 2023-03-31 08343186 core:WithinOneYear 2023-03-31 08343186 core:ShareCapital 2023-03-31 08343186 core:RetainedEarningsAccumulatedLosses 2023-03-31 08343186 2023-04-01 2024-03-31 08343186 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08343186 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08343186 bus:Director40 2023-04-01 2024-03-31 08343186 countries:England 2023-04-01 2024-03-31 08343186 bus:FRS102 2023-04-01 2024-03-31 08343186 bus:FullAccounts 2023-04-01 2024-03-31 08343186 2024-03-31 08343186 core:WithinOneYear 2024-03-31 08343186 core:ShareCapital 2024-03-31 08343186 core:RetainedEarningsAccumulatedLosses 2024-03-31 08343186 core:Goodwill 2024-03-31 08343186 core:PlantMachinery 2024-03-31 08343186 2023-03-31 08343186 core:Goodwill 2023-03-31 08343186 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure