Accounts filed on 31-03-2019

Accounts filed on 31-03-2019

INSIGHT TECHNOLOGY SOLUTIONS LTD - Company Information

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Registered number: 05879130
INSIGHT TECHNOLOGY SOLUTIONS LTD
ACCOUNTS
FOR THE YEAR ENDED 31/03/2019
Prepared By:
Ocean Air Accountants Limited
Chartered and Certified Accountants
750-760 High Road
Leytonstone
London
E11 3AW
INSIGHT TECHNOLOGY SOLUTIONS LTD
ACCOUNTS
FOR THE YEAR ENDED 31/03/2019
DIRECTORS
Milen Rusev
SECRETARY
.
REGISTERED OFFICE
21 Copeland Road
Walthamstow
London
E17 9DB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05879130
ACCOUNTANTS
Ocean Air Accountants Limited
Chartered and Certified Accountants
750-760 High Road
Leytonstone
London
E11 3AW
INSIGHT TECHNOLOGY SOLUTIONS LTD
ACCOUNTS
FOR THEYEARENDED31/03/2019
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
INSIGHT TECHNOLOGY SOLUTIONS LTD
BALANCE SHEET AT 31/03/2019
20192018
Notes££
FIXED ASSETS
Tangible assets39631,175
CURRENT ASSETS
Debtors44,8785,752
Cash at bank and in hand1,035352
5,9136,104
CREDITORS: Amounts falling due within one year54,3304,629
NET CURRENT ASSETS1,5831,475
TOTAL ASSETS LESS CURRENT LIABILITIES2,5462,650
CAPITAL AND RESERVES
Called up share capital611
Profit and loss account2,5452,649
SHAREHOLDERS' FUNDS2,5462,650
For the year ending 31/03/2019 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 07/12/2019 and signed on their behalf by
.............................
Milen Rusev
Director
INSIGHT TECHNOLOGY SOLUTIONS LTD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2019
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 18%
2. EMPLOYEES
20192018
No.No.
Average number of employees11
3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/04/20181,4331,433
At 31/03/20191,4331,433
Depreciation
At 01/04/2018258258
For the year212212
At 31/03/2019470470
Net Book Amounts
At 31/03/2019963963
At 31/03/20181,1751,175
INSIGHT TECHNOLOGY SOLUTIONS LTD
4. DEBTORS 20192018
££
Amounts falling due within one year
Trade debtors4,8785,752
4,8785,752
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20192018
££
UK corporation tax1,7673,344
VAT-444
PAYE control-191
Accruals2,563650
4,3304,629
6. SHARE CAPITAL 20192018
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11