Acorah Software Products - Accounts Production 16.0.110 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 08642075 Ms Jasmina Ambrus iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08642075 2023-07-31 08642075 2024-07-31 08642075 2023-08-01 2024-07-31 08642075 frs-core:CurrentFinancialInstruments 2024-07-31 08642075 frs-core:ComputerEquipment 2023-08-01 2024-07-31 08642075 frs-core:PlantMachinery 2024-07-31 08642075 frs-core:PlantMachinery 2023-07-31 08642075 frs-core:ShareCapital 2024-07-31 08642075 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 08642075 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 08642075 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 08642075 frs-bus:SmallEntities 2023-08-01 2024-07-31 08642075 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 08642075 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 08642075 frs-bus:Director1 2023-08-01 2024-07-31 08642075 frs-countries:EnglandWales 2023-08-01 2024-07-31 08642075 2022-07-31 08642075 2023-07-31 08642075 2022-08-01 2023-07-31 08642075 frs-core:CurrentFinancialInstruments 2023-07-31 08642075 frs-core:ShareCapital 2023-07-31 08642075 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 08642075
Insight Alchemy Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Back Office Support Solutions Ltd
Unit 326 Canalot Studios
222 Kensal Road
London
W10 5BN
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08642075
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 38,282 30,279
Cash at bank and in hand 3,384 54,604
41,666 84,883
Creditors: Amounts Falling Due Within One Year 6 (3,561 ) (33,690 )
NET CURRENT ASSETS (LIABILITIES) 38,105 51,193
TOTAL ASSETS LESS CURRENT LIABILITIES 38,105 51,193
NET ASSETS 38,105 51,193
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Profit and Loss Account 37,105 50,193
SHAREHOLDERS' FUNDS 38,105 51,193
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Jasmina Ambrus
Director
19th November 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Insight Alchemy Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08642075 . The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 3 Years straight line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 August 2023 2,797
As at 31 July 2024 2,797
Depreciation
As at 1 August 2023 2,797
As at 31 July 2024 2,797
...CONTINUED
Page 2
Page 3
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 38,000 30,000
Other debtors 282 279
38,282 30,279
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 547
Other creditors 767 427
Taxation and social security 2,794 32,716
3,561 33,690
Page 3