INSIGHTS NORTH EAST LIMITED

Company Registration Number:
10861935 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

INSIGHTS NORTH EAST LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

INSIGHTS NORTH EAST LIMITED

Balance sheet

As at 31 July 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 16,500 22,000
Tangible assets: 4 96 281
Total fixed assets: 16,596 22,281
Current assets
Debtors:   5,112 6,091
Cash at bank and in hand: 3,738 3,664
Total current assets: 8,850 9,755
Creditors: amounts falling due within one year:   (3,959) (4,707)
Net current assets (liabilities): 4,891 5,048
Total assets less current liabilities: 21,487 27,329
Creditors: amounts falling due after more than one year:   (39,097) (43,557)
Total net assets (liabilities): (17,610) (16,228)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (17,710) (16,328)
Shareholders funds: (17,610) (16,228)

The notes form part of these financial statements

INSIGHTS NORTH EAST LIMITED

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 April 2025
and signed on behalf of the board by:

Name: Malcolm Eddy
Status: Director

The notes form part of these financial statements

INSIGHTS NORTH EAST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Fittings fixtures and equipment - 20% straight line

INSIGHTS NORTH EAST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

INSIGHTS NORTH EAST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Intangible Assets

Total
Cost £
At 01 August 2023 55,000
At 31 July 2024 55,000
Amortisation
At 01 August 2023 33,000
Charge for year 5,500
At 31 July 2024 38,500
Net book value
At 31 July 2024 16,500
At 31 July 2023 22,000

INSIGHTS NORTH EAST LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Tangible Assets

Total
Cost £
At 01 August 2023 1,518
At 31 July 2024 1,518
Depreciation
At 01 August 2023 1,237
Charge for year 185
At 31 July 2024 1,422
Net book value
At 31 July 2024 96
At 31 July 2023 281