Company registration number 07196796 (England and Wales)
Immerse Research & Consulting Limited
UNAUDITED Financial Statements
For the year ended 31 March 2024
PAGES FOR FILING WITH REGISTRAR
Immerse Research & Consulting Limited
Content
Page
Balance sheet
2
Notes to the financial statements
3 - 5
Immerse Research & Consulting Limited
Company Information
- 1 -
Directors
Mr J Lovett
Mr M Pugh
Company number
07196796
Registered office
Pendragon House
65 London Road
St Albans
Herts
AL1 1LJ
Accountants
Gilberts Chartered Accountants
Pendragon House
65 London Road
St Albans
Hertfordshire
AL1 1LJ
Immerse Research & Consulting Limited
Balance Sheet
As at 31 March 2024
31 March 2024
- 2 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
27,214
15,266
Cash at bank and in hand
39,872
114,303
67,086
129,569
Creditors: amounts falling due within one year
5
(44,645)
(47,189)
Net current assets
22,441
82,380
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
22,341
82,280
Total equity
22,441
82,380

For the financial year ended 31 March 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 16 October 2024 and are signed on its behalf by:
Mr J Lovett
Mr M Pugh
Director
Director
Company registration number 07196796 (England and Wales)
Immerse Research & Consulting Limited
Notes to the Financial Statements
For the year ended 31 March 2024
- 3 -
1
Accounting policies
Company information

Immerse Research & Consulting Limited is a private company limited by shares incorporated in England and Wales. The registered office is Pendragon House, 65 London Road, St Albans, Herts, AL1 1LJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

The turnover shown in the profit and loss account represents amounts receivable during the year for market research and consultancy service provided, exclusive of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present fair value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

 

Basic financial liabilities

Basic financial liabilities, which include trade and other payables and bank loans, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present fair value of the future receipts discounted at a market rate of interest.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Immerse Research & Consulting Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Computers
£
Cost
At 1 April 2023 and 31 March 2024
4,853
Depreciation and impairment
At 1 April 2023 and 31 March 2024
4,853
Carrying amount
At 31 March 2024
-
0
At 31 March 2023
-
0
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
27,214
15,266
Immerse Research & Consulting Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
7,131
33,285
Other creditors
37,514
13,904
44,645
47,189
6
Directors' transactions

Included in other debtors is £24,948 owed by the directors. This was repaid in April 2024.

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