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Registration number: 04674777

Insync Business Consulting Limited

Unaudited Filleted Financial Statements

for the Period from 1 May 2024 to 8 October 2024

 

Insync Business Consulting Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 5

 

Insync Business Consulting Limited

(Registration number: 04674777)
Balance Sheet as at 8 October 2024

Note

2024
£

2024
£

Fixed assets

 

Tangible assets

4

3,740

1,573

Current assets

 

Debtors

5

219,077

31,650

Cash at bank and in hand

 

251

193,969

 

219,328

225,619

Creditors: Amounts falling due within one year

6

(5,016)

(6,846)

Net current assets

 

214,312

218,773

Net assets

 

218,052

220,346

Capital and reserves

 

Called up share capital

2

2

Retained earnings

218,050

220,344

Shareholders' funds

 

218,052

220,346

For the financial period ending 8 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 November 2024 and signed on its behalf by:
 

.........................................
B Dunn
Director

 

Insync Business Consulting Limited

Notes to the Financial Statements for the Period from 1 May 2024 to 8 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Wooden Barn
Little Baldon
Oxford
Oxfordshire
OX44 9PU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of consultancy services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Insync Business Consulting Limited

Notes to the Financial Statements for the Period from 1 May 2024 to 8 October 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Reducing Balance Basis

Fixtures & Fittings

20% Straight Line Basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for consutlancy services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 1 (2024 - 1).

 

Insync Business Consulting Limited

Notes to the Financial Statements for the Period from 1 May 2024 to 8 October 2024

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 May 2024

13,600

17,319

30,919

Additions

-

2,522

2,522

At 8 October 2024

13,600

19,841

33,441

Depreciation

At 1 May 2024

13,600

15,747

29,347

Charge for the period

-

354

354

At 8 October 2024

13,600

16,101

29,701

Carrying amount

At 8 October 2024

-

3,740

3,740

At 30 April 2024

-

1,573

1,573

5

Debtors

Current

2024
£

2024
£

Other debtors

219,077

31,650

 

219,077

31,650

 

Insync Business Consulting Limited

Notes to the Financial Statements for the Period from 1 May 2024 to 8 October 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2024
£

Due within one year

Trade creditors

-

34

Taxation and social security

4,016

5,062

Other creditors

1,000

1,750

5,016

6,846

7

Related party transactions

Transactions with directors

2024

At 1 May 2024
£

Advances to director
£

Repayments by director
£

At 8 October 2024
£

B Dunn

31,197

192,061

(4,623)

218,635

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

B Dunn

40,465

1,871

(11,139)

31,197