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Company Registration No. 11600476 (England and Wales)
Inserta Fire Barrier Ltd Unaudited accounts for the year ended 31 July 2024
Inserta Fire Barrier Ltd Unaudited accounts Contents
Page
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Inserta Fire Barrier Ltd Company Information for the year ended 31 July 2024
Directors
Jagatjeet Singh Landa Vikramjeet Singh Landa
Company Number
11600476 (England and Wales)
Registered Office
Unit 1 The Clocktower Park Road, Bestwood Village Nottingham Nottinghamshire NG6 8TQ England
Accountants
Net Accountancy Solutions Limited 12 Harles Acres Hickling Melton Mowbray LEICESTERSHIRE LE14 3AF
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Inserta Fire Barrier Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,267 
14,534 
Current assets
Debtors
1,077 
6,467 
Cash at bank and in hand
246 
1,029 
1,323 
7,496 
Creditors: amounts falling due within one year
(68,605)
(43,557)
Net current liabilities
(67,282)
(36,061)
Net liabilities
(60,015)
(21,527)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(60,115)
(21,627)
Shareholders' funds
(60,015)
(21,527)
For the year ending 31 July 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by
Vikramjeet Singh Landa Director Company Registration No. 11600476
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Inserta Fire Barrier Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Inserta Fire Barrier Ltd is a private company, limited by shares, registered in England and Wales, registration number 11600476. The registered office is Unit 1, The Clocktower, Park Road, Bestwood Village, Nottingham, Nottinghamshire, NG6 8TQ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Change of name
The company changed it's name from Versa IT Limited to Inserta Fire Barrier Ltd on the 11th April 2023.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% straight line
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2023
31,903 
At 31 July 2024
31,903 
Depreciation
At 1 August 2023
17,369 
Charge for the year
7,267 
At 31 July 2024
24,636 
Net book value
At 31 July 2024
7,267 
At 31 July 2023
14,534 
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Inserta Fire Barrier Ltd Notes to the Accounts for the year ended 31 July 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,077 
6,467 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
355 
19,634 
Other creditors
21,658 
2,000 
Loans from directors
46,592 
21,563 
Accruals
- 
360 
68,605 
43,557 
7
Transactions with related parties
The director has made various loans to the company. At the end of the year the director was owed £46,592 (2023: £21,563). The loan is interest free and repayable on demand.
8
Post balance sheet events
Subsequent to the year-end, the company has ceased trading and entered into an agreement to sell all of its machinery and equipment to a third party. The sale is expected to be completed imminently for a total consideration of £20,500. At the balance sheet date, the machinery was recorded at its net book value of £7,267. As the agreement to sell the machinery was concluded after the year-end, this represents a non-adjusting post-balance sheet event. Accordingly, no adjustments have been made to the financial statements in respect of this transaction. The directors intend to keep the company open but in a dormant state following the cessation of trade. Future financial statements will reflect the company’s dormant status.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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