Company registration number 04595119 (England and Wales)
INSIDE VIEW (LONDON) LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
INSIDE VIEW (LONDON) LIMITED
COMPANY INFORMATION
Directors
Mr C R Dickens
Maggie Thompson
Mrs E J Dickens
Company number
04595119
Registered office
610 St Johns Building
79 Marsham Street
London
SW1P 4SB
Accountants
Taylor Associates
1st Floor
Gallery Court
28 Arcadia Avenue
London
N3 2FG
INSIDE VIEW (LONDON) LIMITED
CONTENTS
Page
Directors' report
1
Income statement
2
Statement of financial position
3
Notes to the financial statements
4 - 5
INSIDE VIEW (LONDON) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
- 1 -

The directors present their annual report and financial statements for the year ended 31 December 2023.

Principal activities
The principal activity of the company during the period was that of business and management consultancy in the advertising industry.
Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr C R Dickens
Maggie Thompson
Mrs E J Dickens
Future developments
The business hopes to continue to be successful in the future.
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
Mr C R Dickens
Director
15 November 2024
INSIDE VIEW (LONDON) LIMITED
INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
2023
2022
Notes
£
£
Turnover
-
1,141,234
Cost of sales
-
0
(1,005,636)
Gross profit
-
135,598
Administrative expenses
(2,880)
(134,808)
(Loss)/profit before taxation
(2,880)
790
Tax on (loss)/profit
82
(150)
(Loss)/profit for the financial year
(2,798)
640

The income statement has been prepared on the basis that all operations are continuing operations.

INSIDE VIEW (LONDON) LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 DECEMBER 2023
31 December 2023
- 3 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
4
426,626
425,550
Creditors: amounts falling due within one year
5
(14,887)
(8,513)
Net current assets
411,739
417,037
Deferred income
-
0
(2,500)
Net assets
411,739
414,537
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
411,639
414,437
Total equity
411,739
414,537

For the financial year ended 31 December 2023 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 financial statements were approved by the board of directors and authorised for issue on 15 November 2024 and are signed on its behalf by:
Mr C R Dickens
Director
Company registration number 04595119 (England and Wales)
INSIDE VIEW (LONDON) LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023
31 December 2023
- 4 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

Inside View (London) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 610 St Johns Building, 79 Marsham Street, London, SW1P 4SB.

2.1
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, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

 

2.2
Going concern
The director of the company will ensure that the necessary financial facilities are in place for the company to continue to trade in the next twelve months.true
2.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

INSIDE VIEW (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
2
Accounting policies
(Continued)
- 5 -
2.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2.5
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

3
Employees

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

2023
2022
Number
Number
Total
3
3
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
426,626
425,550
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
6,455
-
0
Corporation tax
-
0
2,781
Other creditors
8,432
5,732
14,887
8,513
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