Moore Stephens Insight Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07909149 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

FOR

MOORE STEPHENS INSIGHT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P T Morley

B A Mahon

REGISTERED OFFICE:

1 Hill Street

London

W1J 5LA

BUSINESS ADDRESS:

St James House

Vicar Lane

Sheffield

S1 2EX

REGISTERED NUMBER:

07909149 (England and Wales)

AUDITORS:

Nicklin Audit Limited

Chartered Accountants and

Registered Auditor

Church Court, Stourbridge Road

Halesowen

West Midlands

B63 3TT

SOLICITORS:

Hanna & Co

58 Underhill Road

London

SE22 0QT

FIXED ASSETS

Tangible assets

4

3,483

4,532

CURRENT ASSETS

Stocks

72,515

-

Debtors

5

251,716

759,838

Cash at bank

253,015

100,147

577,246

859,985

CREDITORS

Amounts falling due within one year

6

511,197

599,566

NET CURRENT ASSETS

66,049

260,419

TOTAL ASSETS LESS CURRENT LIABILITIES

69,532

264,951

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

68,532

263,951

SHAREHOLDERS' FUNDS

69,532

264,951

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 7 October 2019 and were signed on its behalf by:

P T Morley - Director

1.	STATUTORY INFORMATION

Moore Stephens Insight 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 financial statements are presented in sterling which is the functional currency of the company and rounded to

the nearest pound.

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.

The financial statements do not cover a group of entities.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover

Turnover represents amounts earned, excluding value added tax, in respect of the provision of services to clients.

Turnover in respect of work that has been performed but not yet invoiced is recognised when the company

obtains the right to consideration.

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.

Plant and machinery

-

at varying rates on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and

accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating

as intended.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits

The company operates two defined contribution pension schemes. Contributions payable to the company's

pension schemes are charged to profit or loss in the period to which they relate.

Impairment

Assets not measured at fair value are reviewed for any indication that they may be impaired at each balance sheet

date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is

estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an

impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the

impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 May 2018

13,316

Additions

1,268

At 30 April 2019

14,584

DEPRECIATION

At 1 May 2018

8,784

Charge for year

2,317

At 30 April 2019

11,101

NET BOOK VALUE

At 30 April 2019

3,483

At 30 April 2018

4,532

5.

DEBTORS

30.4.19

30.4.18

£

£

Amounts falling due within one year:

Trade debtors

192,741

573,631

Amounts owed by group undertakings

-

128,160

Other debtors

-

4,500

Prepayments and accrued income

58,975

52,795

251,716

759,086

Amounts falling due after more than one year:

Prepayments and accrued income

-

752

Aggregate amounts

251,716

759,838

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade creditors

323,512

353,429

Tax

1,589

-

Social security and other taxes

53,252

127,980

Other creditors

1,404

4,696

Deferred income

23,879

44,830

Accrued expenses

107,561

68,631

511,197

599,566

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.19

30.4.18

value:

£

£

1,000

Ordinary

1

1,000

1,000

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Cook F.C.A. (Senior Statutory Auditor)

for and on behalf of Nicklin Audit Limited

9.	PARENT UNDERTAKING

Until 21st December 2018, the parent undertaking was MSR Partners LLP (formerly Moore Stephens LLP), a

limited liability partnership number OC313071 registered in England and Wales, by virtue of their 50.1%

shareholding. The registered address of MSR Partners LLP is 150 Aldersgate Street, London, EC1A 4AB. On

21st December 2018 the company ceased to be a member of a group..