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REGISTERED NUMBER: 13582373 (England and Wales)















Insight HRC Ltd

Unaudited Financial Statements for the Year Ended 31 January 2025






Insight HRC Ltd (Registered number: 13582373)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Insight HRC Ltd

Company Information
for the Year Ended 31 January 2025







Directors: J Cooper
P Gwynn
J MacLean





Registered office: 3.3 Griffin House
Tramshed Tech
High Street
NEWPORT
NP20 1FX





Registered number: 13582373 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Insight HRC Ltd (Registered number: 13582373)

Balance Sheet
31 January 2025

2025 2024
Notes £    £   
Fixed assets
Intangible assets 4 10,063 11,501
Tangible assets 5 2,496 2,431
12,559 13,932

Current assets
Debtors 6 95,479 44,855
Cash at bank 263,474 283,593
358,953 328,448
Creditors
Amounts falling due within one year 7 (272,456 ) (250,219 )
Net current assets 86,497 78,229
Total assets less current liabilities 99,056 92,161

Creditors
Amounts falling due after more than one year 8 (40,925 ) (71,876 )

Provisions for liabilities (624 ) (608 )
Net assets 57,507 19,677

Capital and reserves
Called up share capital 100 100
Retained earnings 57,407 19,577
57,507 19,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 HRC Ltd (Registered number: 13582373)

Balance Sheet - continued
31 January 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 May 2025 and were signed on its behalf by:





P Gwynn - Director


Insight HRC Ltd (Registered number: 13582373)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. Statutory information

Insight HRC 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% straight line
Computer equipment - 25% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 4 (2024 - 5 ) .

Insight HRC Ltd (Registered number: 13582373)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 February 2024
and 31 January 2025 14,376
Amortisation
At 1 February 2024 2,875
Amortisation for year 1,438
At 31 January 2025 4,313
Net book value
At 31 January 2025 10,063
At 31 January 2024 11,501

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 February 2024 13,792 4,693 18,485
Additions 746 916 1,662
At 31 January 2025 14,538 5,609 20,147
Depreciation
At 1 February 2024 13,376 2,678 16,054
Charge for year 344 1,253 1,597
At 31 January 2025 13,720 3,931 17,651
Net book value
At 31 January 2025 818 1,678 2,496
At 31 January 2024 416 2,015 2,431

6. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 92,176 42,964
Prepayments and accrued income 3,303 1,891
95,479 44,855

Insight HRC Ltd (Registered number: 13582373)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

7. Creditors: amounts falling due within one year
2025 2024
£    £   
Bank loans and overdrafts 30,951 29,431
Other loans 3,600 1,600
Trade creditors 38,529 46,198
Tax 18,501 24,573
Social security and other taxes 6,937 4,064
VAT 17,001 19,935
Directors' loan accounts 41,400 18,400
Accruals and deferred income 115,537 106,018
272,456 250,219

8. Creditors: amounts falling due after more than one year
2025 2024
£    £   
Bank loans - 1-2 years 40,925 30,951
Bank loans - 2-5 years - 40,925
40,925 71,876

9. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£    £   
J Cooper
Balance outstanding at start of year (4,000 ) (4,000 )
Amounts advanced (5,000 ) -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,000 ) (4,000 )

P Gwynn
Balance outstanding at start of year (8,000 ) (8,000 )
Amounts advanced (10,000 ) -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (18,000 ) (8,000 )

J MacLean
Balance outstanding at start of year (6,400 ) (6,400 )
Amounts advanced (8,000 ) -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (14,400 ) (6,400 )