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REGISTERED NUMBER: 14788721 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 10 APRIL 2023 TO 30 APRIL 2024

FOR

INSITE LIFE LTD

INSITE LIFE LTD (REGISTERED NUMBER: 14788721)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 10 April 2023 to 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INSITE LIFE LTD

COMPANY INFORMATION
for the Period 10 April 2023 to 30 April 2024







DIRECTOR: S R Whittaker





REGISTERED OFFICE: 10 London Mews
London
W2 1HY





REGISTERED NUMBER: 14788721 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
LONDON
W2 1HY

INSITE LIFE LTD (REGISTERED NUMBER: 14788721)

BALANCE SHEET
30 April 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,187

CURRENT ASSETS
Debtors 5 1,584
Cash at bank 2,430
4,014
CREDITORS
Amounts falling due within one year 6 64,682
NET CURRENT LIABILITIES (60,668 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(59,481

)

CAPITAL AND RESERVES
Called up share capital 7 1
Retained earnings (59,482 )
SHAREHOLDERS' FUNDS (59,481 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 January 2025 and were signed by:





S R Whittaker - Director


INSITE LIFE LTD (REGISTERED NUMBER: 14788721)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 10 April 2023 to 30 April 2024

1. STATUTORY INFORMATION

Insite Life Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts are prepared on a going concern basis. The director believes this to be appropriate on the basis that he has received assurances from the creditors that they will not require the repayment of advances made by them to the company until the company has adequate funds to remain solvent.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents net invoiced consultancy, excluding value added tax.

Rendering of services

Revenue for providing services are recognised when the service has been completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33.33% straight line

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


INSITE LIFE LTD (REGISTERED NUMBER: 14788721)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 10 April 2023 to 30 April 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 1,781
At 30 April 2024 1,781
DEPRECIATION
Charge for period 594
At 30 April 2024 594
NET BOOK VALUE
At 30 April 2024 1,187

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 1,584

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 1,919
Taxation and social security 1,727
Other creditors 61,036
64,682

INSITE LIFE LTD (REGISTERED NUMBER: 14788721)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 10 April 2023 to 30 April 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1 1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.

8. RELATED PARTY DISCLOSURES

At the year end the company owes £58,373 to New Power Host Limited, a company in which the director is associated. This loan is included in other creditors and is repayable on demand.