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REGISTERED NUMBER: 10922029 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

INSIGHT CONSULTANCY AND RESEARCH (ICR)
LIMITED

INSIGHT CONSULTANCY AND RESEARCH (ICR)
LIMITED (REGISTERED NUMBER: 10922029)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INSIGHT CONSULTANCY AND RESEARCH (ICR)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: N Shahto
N Katerji





REGISTERED OFFICE: 7 St John's Road
Harrow
Middlesex
HA1 2EY





REGISTERED NUMBER: 10922029 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

INSIGHT CONSULTANCY AND RESEARCH (ICR)
LIMITED (REGISTERED NUMBER: 10922029)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,392 3,415
Investments 5 100 100
3,492 3,515

CURRENT ASSETS
Debtors 6 440,699 455,749
Cash at bank 9,018 10,525
449,717 466,274
CREDITORS
Amounts falling due within one year 7 15,248 57,363
NET CURRENT ASSETS 434,469 408,911
TOTAL ASSETS LESS CURRENT
LIABILITIES

437,961

412,426

CREDITORS
Amounts falling due after more than one year 8 525,307 499,018
NET LIABILITIES (87,346 ) (86,592 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (87,446 ) (86,692 )
SHAREHOLDERS' FUNDS (87,346 ) (86,592 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

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 22 May 2025 and were signed on its behalf by:





N Shahto - Director


INSIGHT CONSULTANCY AND RESEARCH (ICR)
LIMITED (REGISTERED NUMBER: 10922029)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Insight Consultancy and Research (ICR) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The financial statements have been prepared on a going concern basis not withstanding the company's net liabilities position as at the year end. The directors of the company have provided with an undertaking that they will continue to support financially for the foreseeable future and that they will not seek repayment of the amounts currently owing to them in the twelve months from the date of signing the financial statements.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for food, beverage and service fees net of VAT provided to customers.

Revenue from the sale of goods is recognised when the amounts are earned and can be reasonable be estimated. These revenues are recorded net of value added tax collected from customers and are recognised as the related services are delivered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Over the term of the lease
Plant and machinery etc - 25% reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

Financial instruments
Financial assets and financial liabilities are recognised in the company’s balance sheet when the company becomes a party to the contractual provisions of the instrument.

Loans and borrowings
Loans and borrowings are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

INSIGHT CONSULTANCY AND RESEARCH (ICR)
LIMITED (REGISTERED NUMBER: 10922029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 September 2023 10,000 13,220 23,220
Additions - 1,107 1,107
At 31 August 2024 10,000 14,327 24,327
DEPRECIATION
At 1 September 2023 10,000 9,805 19,805
Charge for year - 1,130 1,130
At 31 August 2024 10,000 10,935 20,935
NET BOOK VALUE
At 31 August 2024 - 3,392 3,392
At 31 August 2023 - 3,415 3,415

5. FIXED ASSET INVESTMENTS
Investment
in
Subsidiary
Compa ny
£   
COST
At 1 September 2023
and 31 August 2024 100
NET BOOK VALUE
At 31 August 2024 100
At 31 August 2023 100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Coffee Tree Group Limited
Registered office: United Kingdom
Nature of business: Other retail sale of food in specialised stores
%
Class of shares: holding
Ordinary 100.00
30.6.24 30.6.23
£    £   
Aggregate capital and reserves (438,298 ) (457,478 )
Profit/(loss) for the year 13,280 (64,500 )

INSIGHT CONSULTANCY AND RESEARCH (ICR)
LIMITED (REGISTERED NUMBER: 10922029)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. DEBTORS
31.8.24 31.8.23
£    £   
Amounts falling due within one year:
Other debtors - 17,700
VAT 800 488
800 18,188

Amounts falling due after more than one year:
Amounts owed by group undertakings 439,899 437,561

Aggregate amounts 440,699 455,749

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 4,080 2,931
Trade creditors 768 50,432
Other creditors - 100
Accrued expenses 10,400 3,900
15,248 57,363

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans due within 2-5 yrs 17,665 23,389
Directors' loan accounts 497,642 465,629
525,307 499,018

9. RELATED PARTY DISCLOSURES

Included within creditors due after more than one year as at year end is £497,642 (2023: £465,629), an amount owed to the directors of the company. The amount owed is unsecured and there are no specific terms to the repayment of this amount.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.