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INSIDER ACADEMY LIMITED

Registered Number
10708311
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

INSIDER ACADEMY LIMITED
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

HAN, Timothy

Registered Address

14 Clements Court
Clements Lane
Ilford
IG1 2QY

Registered Number

10708311 (England and Wales)
INSIDER ACADEMY LIMITED
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets36,4008,000
Tangible assets428,82229,409
35,22237,409
Current assets
Debtors1,367,211251,707
Cash at bank and on hand4,920,6884,156,318
6,287,8994,408,025
Creditors amounts falling due within one year5(714,037)(452,504)
Net current assets (liabilities)5,573,8623,955,521
Total assets less current liabilities5,609,0843,992,930
Provisions for liabilities7(5,476)(5,621)
Net assets5,603,6083,987,309
Capital and reserves
Called up share capital11
Profit and loss account5,603,6073,987,308
Shareholders' funds5,603,6083,987,309
The financial statements were approved and authorised for issue by the Director on 8 January 2025, and are signed on its behalf by:
HAN, Timothy
Director
Registered Company No. 10708311
INSIDER ACADEMY LIMITED
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost or valuation less amortised
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Fixtures and fittings20
Vehicles20
Office Equipment20
2.Average number of employees

20242023
Average number of employees during the year12
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 May 2316,00016,000
At 30 April 2416,00016,000
Amortisation and impairment
At 01 May 238,0008,000
Charge for year1,6001,600
At 30 April 249,6009,600
Net book value
At 30 April 246,4006,400
At 30 April 238,0008,000
4.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 May 236,91862257,70965,249
Additions--6,6196,619
At 30 April 246,91862264,32871,868
Depreciation and impairment
At 01 May 235,10557030,16535,840
Charge for year362106,8347,206
At 30 April 245,46758036,99943,046
Net book value
At 30 April 241,4514227,32928,822
At 30 April 231,8135227,54429,409
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1632,164
Bank borrowings and overdrafts91,13465,063
Taxation and social security622,740385,277
Total714,037452,504
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.
6.Creditors: amounts due after one year
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)5,4765,621
Total5,4765,621
8.Directors advances, credits and guarantees
We hereby disclose that a loan in the amount of £215,000 was extended to one of our directors. During the tax year under consideration, a significant repayment totalling £154,301 was made towards this loan. This disclosure aims to maintain transparency and accuracy in our financial reporting, especially in regards to financial transactions involving company directors.