Companies House iXbrl

RAB INSIGHT LTD - Company Information

Print Friendly Version

Registered number: 08657997

Rab Insight Ltd

Unaudited Financial Statements

for the year ended 31 August 2020

Statement of Financial Position

as at 31 August 2020

2020

2019

Called up share capital not paid

Fixed assets

973

Current assets

42,609

50,278

Prepayments and accrued income

Creditors: amounts falling due within one year

( 15,191 )

( 28,391 )

Net current assets (liabilities)

27,418

21,887

Total assets less current liabilities

28,391

21,887

Creditors: amounts falling due after more than one year

Provisions for liabilities

Accruals and deferred income

Net assets

28,391

21,887

Capital and reserves

28,391

21,887

xbrli:pure 08657997 2019-09-01 2020-08-31 08657997 2018-09-01 2019-08-31 08657997 2020-08-31 08657997 2019-08-31 08657997 2019-09-01 08657997 uk-frs102:WithinOneYear 2020-08-31 08657997 uk-frs102:AfterOneYear 2020-08-31 08657997 uk-frs102:WithinOneYear 2019-08-31 08657997 uk-frs102:AfterOneYear 2019-08-31 08657997 uk-bus:AuditExempt-NoAccountantsReport 2019-09-01 2020-08-31 08657997 uk-bus:AbbreviatedAccounts 2019-09-01 2020-08-31 08657997 uk-bus:Director1 1 2019-09-01 2020-08-31 08657997 uk-bus:Director1 2019-09-01 2020-08-31 08657997 uk-bus:Director1 1 2019-09-01 08657997 uk-bus:Director1 1 2020-08-31 08657997 uk-bus:Micro-entities 2019-09-01 2020-08-31 08657997 uk-bus:PrivateLimitedCompanyLtd 2019-09-01 2020-08-31 iso4217:GBP 08657997 countries:EnglandWales 2019-09-01 2020-08-31 08657997 uk-bus:RegisteredOffice 2019-09-01 2020-08-31

Footnotes to the Statement of Financial Position

1. Arrangements not included in Statement of Financial Position

The company has not entered into any arrangements not shown on the Statement of Financial Position.

2. Average number of employees

The average number of employees in the period was 1.

3. Directors’ benefits: advances, credit and guarantees

Saurabh Singh

Included in debtors is an amount payable to the company by one of its directors. The amount is an advance of £4,575 made to Saurabh Singh, a director of the company, on 01/09/2019.

During the accounting year the maximum amount payable by Saurabh Singh was £12,449

The following conditions are attached to the amount payable by Saurabh Singh:

There is no interest due to be paid on any outstanding amount
No fixed date has been set for the amount to be repaid to the company.

Opening balance 01/09/2019	Additional advance	Amount repaid	Amount written off	Amounts waived	Interest payable	Closing balance 31/08/2020
£	£	£	£	£	£	£
( 8,724 )	( 47,181 ) ( 47,181 )	51,330 51,330	0	0	0	( 4,575 )

4. Guarantees, contingencies and other financial commitments

There are no guarantees, contingencies or other commitments not included in the financial statements.

Statutory Statements

In accordance with section 414(3) of the Companies Act 2006, these accounts have been prepared in accordance with the FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime for periods commencing on or after 1 January 2016. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ending 31/08/2020 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts