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REGISTERED NUMBER: 09831422 (England and Wales)
















Financial Statements

for the Year Ended 31 October 2024

for

Insight & Perspective Ltd

Insight & Perspective Ltd (Registered number: 09831422)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Insight & Perspective Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Ms L Harris





REGISTERED OFFICE: 701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT





REGISTERED NUMBER: 09831422 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Accountants' Report to the Director
on the Unaudited Financial Statements of
Insight & Perspective Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GCSD Accountants Limited


23 January 2025

Insight & Perspective Ltd (Registered number: 09831422)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,300 5,912
Tangible assets 5 721 961
5,021 6,873

CURRENT ASSETS
Stocks 15,709 18,283
Debtors 6 20,991 21,101
Cash at bank 16,433 8,399
53,133 47,783
CREDITORS
Amounts falling due within one year 7 57,040 53,220
NET CURRENT LIABILITIES (3,907 ) (5,437 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,114 1,436

PROVISIONS FOR LIABILITIES 954 1,306
NET ASSETS 160 130

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 60 30
SHAREHOLDERS' FUNDS 160 130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Insight & Perspective Ltd (Registered number: 09831422)

Balance Sheet - continued
31 October 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





Ms L Harris - Director


Insight & Perspective Ltd (Registered number: 09831422)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

Insight & Perspective 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Insight & Perspective Ltd (Registered number: 09831422)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 November 2023
and 31 October 2024 10,750
AMORTISATION
At 1 November 2023 4,838
Amortisation for year 1,612
At 31 October 2024 6,450
NET BOOK VALUE
At 31 October 2024 4,300
At 31 October 2023 5,912

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2023
and 31 October 2024 3,723
DEPRECIATION
At 1 November 2023 2,762
Charge for year 240
At 31 October 2024 3,002
NET BOOK VALUE
At 31 October 2024 721
At 31 October 2023 961

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 20,991 21,101

Insight & Perspective Ltd (Registered number: 09831422)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,935 6,131
Taxation and social security 2,282 -
Other creditors 46,823 47,089
57,040 53,220