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
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
Inserta Fire Barrier Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
7,267
14,534
Cash at bank and in hand
246
1,029
Creditors: amounts falling due within one year
(68,605)
(43,557)
Net current liabilities
(67,282)
(36,061)
Net liabilities
(60,015)
(21,527)
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
Inserta Fire Barrier Ltd
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The company changed it's name from Versa IT Limited to Inserta Fire Barrier Ltd on the 11th April 2023.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Inserta Fire Barrier Ltd
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
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
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).