Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10135723 2023-05-01 2024-04-30 10135723 2022-05-01 2023-04-30 10135723 2024-04-30 10135723 2023-04-30 10135723 c:Director1 2023-05-01 2024-04-30 10135723 d:OfficeEquipment 2023-05-01 2024-04-30 10135723 d:OfficeEquipment 2024-04-30 10135723 d:OfficeEquipment 2023-04-30 10135723 d:CurrentFinancialInstruments 2024-04-30 10135723 d:CurrentFinancialInstruments 2023-04-30 10135723 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10135723 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10135723 d:ShareCapital 2024-04-30 10135723 d:ShareCapital 2023-04-30 10135723 d:RetainedEarningsAccumulatedLosses 2024-04-30 10135723 d:RetainedEarningsAccumulatedLosses 2023-04-30 10135723 c:OrdinaryShareClass1 2023-05-01 2024-04-30 10135723 c:OrdinaryShareClass1 2024-04-30 10135723 c:OrdinaryShareClass1 2023-04-30 10135723 c:FRS102 2023-05-01 2024-04-30 10135723 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10135723 c:FullAccounts 2023-05-01 2024-04-30 10135723 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10135723 2 2023-05-01 2024-04-30 10135723 6 2023-05-01 2024-04-30 10135723 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 10135723














INSIGHTING BUSINESS ADVISERS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

 
INSIGHTING BUSINESS ADVISERS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1
Notes to the Financial Statements
 
2 - 5


 
INSIGHTING BUSINESS ADVISERS LIMITED
REGISTERED NUMBER:10135723

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
20,134
21,968

Debtors: amounts falling due within one year
 5 
3,467
1,336

Bank and cash balances
  
15,210
28,794

  
38,811
52,098

Current Liabilities
  

Creditors: amounts falling due within one year
 6 
(2,603)
(4,495)

Net current assets
  
 
 
36,208
 
 
47,603

  

Net assets
  
36,208
47,603


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
36,207
47,602

  
36,208
47,603


The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 January 2025.




D Ranucci
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
INSIGHTING BUSINESS ADVISERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Insighting Business Advisers Limited is a limited liability Company registered in England and Wales. Its registered office address is at 2nd Floor Connaught House, 1-3 Mount Street, (Entrance Via Davies Street), London, W1K 3NB.
The principal activity of the Company is that of management consultancy and the sale of art. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied and goods sold during the year, exclusive of Value Added Tax and trade discounts.
Income is recognised in the period in which the service has been supplied and goods sold. 

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 2

 
INSIGHTING BUSINESS ADVISERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Basic financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits.

 
2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is £ sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable.

Page 3

 
INSIGHTING BUSINESS ADVISERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 May 2023
2,688



At 30 April 2024

2,688



Depreciation


At 1 May 2023
2,688



At 30 April 2024

2,688



Net book value



At 30 April 2024
-



At 30 April 2023
-

Page 4

 
INSIGHTING BUSINESS ADVISERS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Other debtors
742
1,226

Prepayments and accrued income
2,725
110

3,467
1,336



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
2
1,985

Accruals and deferred income
2,601
2,510

2,603
4,495



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1
1
1


 
Page 5