Moore Stephens Insight Limited - Accounts to registrar (filleted) - small 18.2
Moore Stephens Insight Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2020 |
FOR |
MOORE STEPHENS INSIGHT LIMITED |
MOORE STEPHENS INSIGHT LIMITED (REGISTERED NUMBER: 07909149) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 April 2020 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Balance Sheet | 3 |
Notes to the Financial Statements | 4 |
MOORE STEPHENS INSIGHT LIMITED |
COMPANY INFORMATION |
for the year ended 30 April 2020 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Suite No. 2, Centre Court |
Vine Lane |
Halesowen |
West Midlands |
B63 3EB |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
MOORE STEPHENS INSIGHT LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Moore Stephens Insight Limited for the year ended 30 April 2020 which comprise the Income |
Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records |
and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Moore Stephens Insight Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Moore Stephens Insight Limited and state those matters that we have agreed to state to the Board of Directors of Moore Stephens Insight Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Moore Stephens Insight Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Moore Stephens Insight Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Moore Stephens Insight Limited. You consider that Moore Stephens Insight Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Moore Stephens Insight Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
Suite No. 2, Centre Court |
Vine Lane |
Halesowen |
West Midlands |
B63 3EB |
MOORE STEPHENS INSIGHT LIMITED (REGISTERED NUMBER: 07909149) |
BALANCE SHEET |
30 April 2020 |
30.4.20 | 30.4.19 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Share premium |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 signed on its behalf by: |
MOORE STEPHENS INSIGHT LIMITED (REGISTERED NUMBER: 07909149) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 April 2020 |
1. | STATUTORY INFORMATION |
Moore Stephens Insight Limited is a |
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 |
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. |
The directors have reviewed the sales forecasts and expected cash requirements for the twelve months following |
the date of signing the accounts and are confident that the company will continue to trade profitably. As a result |
they have concluded that no material uncertainties exist regarding going concern and have adopted the going |
concern basis of accounting. |
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 |
Plant and machinery | - |
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. |
MOORE STEPHENS INSIGHT LIMITED (REGISTERED NUMBER: 07909149) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 April 2020 |
2. | ACCOUNTING POLICIES - continued |
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 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
£ |
COST |
At 1 May 2019 |
Reclassification/transfer | ( |
) |
At 30 April 2020 |
DEPRECIATION |
At 1 May 2019 |
Charge for year |
Reclassification/transfer | ( |
) |
At 30 April 2020 |
NET BOOK VALUE |
At 30 April 2020 |
At 30 April 2019 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.20 | 30.4.19 |
£ | £ |
Trade debtors |
Prepayments and accrued income |
MOORE STEPHENS INSIGHT LIMITED (REGISTERED NUMBER: 07909149) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 April 2020 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.20 | 30.4.19 |
£ | £ |
Trade creditors |
Social security and other taxes |
Other creditors |
Deferred income |
Accruals |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.4.20 | 30.4.19 |
value: | £ | £ |
Ordinary | 1 | 1,440 | 1,000 |
440 Ordinary shares of 1 each were allotted as fully paid |