Registered number
05536311
Executive Insight Limited
Unaudited Filleted Accounts
31 March 2024
Executive Insight Limited
Registered number: 05536311
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,052 732
Current assets
Debtors 4 131,331 23,559
Cash at bank and in hand 83,974 99,531
215,305 123,090
Creditors: amounts falling due within one year 5 (203,227) (75,132)
Net current assets 12,078 47,958
Total assets less current liabilities 20,130 48,690
Creditors: amounts falling due after more than one year 6 (1,666) (21,667)
Net assets 18,464 27,023
Capital and reserves
Called up share capital 2 2
Profit and loss account 18,462 27,021
Shareholders' funds 18,464 27,023
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Mrs S Pinnington
Director
Approved by the board on 7 November 2024
Executive Insight Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 - 2,189 2,189
Additions 7,799 - 7,799
At 31 March 2024 7,799 2,189 9,988
Depreciation
At 1 April 2023 - 1,457 1,457
Charge for the year - 479 479
At 31 March 2024 - 1,936 1,936
Net book value
At 31 March 2024 7,799 253 8,052
At 31 March 2023 - 732 732
4 Debtors 2024 2023
£ £
Trade debtors 129,357 14,122
Other debtors 1,974 9,437
131,331 23,559
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 20,000 10,000
Trade creditors 2,851 -
Taxation and social security costs 32,162 16,992
Other creditors 148,214 48,140
203,227 75,132
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,666 21,667
7 Loans from directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mrs S Pinnington
Directors loan 9,797 3,845 (10,793) 2,849
9,797 3,845 (10,793) 2,849
The above loan is included in other creditors.
8 Other information
Executive Insight Limited is a private company limited by shares and incorporated in England. Its registered office is:
367 Chester Road
Little Sutton
Ellesmere Port
Cheshire
CH66 3RQ
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