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REGISTERED NUMBER: 10801797 (United Kingdom)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

INSIGHT LEGAL SERVICES LIMITED

INSIGHT LEGAL SERVICES LIMITED (REGISTERED NUMBER: 10801797)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


INSIGHT LEGAL SERVICES LIMITED (REGISTERED NUMBER: 10801797)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 16,310 18,789
16,310 18,789

CURRENT ASSETS
Debtors 6 130,189 181,179
Cash at bank and in hand 553,174 278,949
683,363 460,128
CREDITORS
Amounts falling due within one year 7 364,288 252,198
NET CURRENT ASSETS 319,075 207,930
TOTAL ASSETS LESS CURRENT LIABILITIES 335,385 226,719

CREDITORS
Amounts falling due after more than one
year

8

(12,456

)

(33,882

)

PROVISIONS FOR LIABILITIES (3,486 ) (3,229 )
NET ASSETS 319,443 189,608

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 319,442 189,607
SHAREHOLDERS' FUNDS 319,443 189,608

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

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

INSIGHT LEGAL SERVICES LIMITED (REGISTERED NUMBER: 10801797)

Balance Sheet - continued
31 October 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by:





Mr S Fox - Director


INSIGHT LEGAL SERVICES LIMITED (REGISTERED NUMBER: 10801797)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

Insight Legal Services Limited is a private company, limited by shares , registered in United Kingdom. The company's registered number and registered office address are as below:

Registered number: 10801797

Registered office: 2nd Floor Unit G Copse Walk
Cardiff Gate Business Park
Cardiff
CF23 8RB

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 33% Straight line
Fixtures and fittings - 10% - 25% Straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 LEGAL SERVICES LIMITED (REGISTERED NUMBER: 10801797)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


2. ACCOUNTING POLICIES - continued

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 27 (2023 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 32,868
AMORTISATION
At 1 November 2023
and 31 October 2024 32,868
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 November 2023 12,029 55,323 67,352
Additions - 3,510 3,510
At 31 October 2024 12,029 58,833 70,862
DEPRECIATION
At 1 November 2023 12,029 36,534 48,563
Charge for year - 5,989 5,989
At 31 October 2024 12,029 42,523 54,552
NET BOOK VALUE
At 31 October 2024 - 16,310 16,310
At 31 October 2023 - 18,789 18,789

INSIGHT LEGAL SERVICES LIMITED (REGISTERED NUMBER: 10801797)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,540 37,893
Other debtors 83,981 118,345
Prepayments 34,668 24,941
130,189 181,179

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 21,050 20,243
Trade creditors 17,568 15,315
Social security and other taxes 235,812 131,762
Other creditors 5,849 4,837
Accrued expenses 84,009 80,041
364,288 252,198

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 12,456 33,882

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 21,050 20,243

Amounts falling due between one and two years:
Bank loan 12,456 33,882

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 32,890 32,890
Between one and five years 65,780 98,670
98,670 131,560

INSIGHT LEGAL SERVICES LIMITED (REGISTERED NUMBER: 10801797)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary .01 1 1