Abbreviated Company Accounts - INSIGHT RETAIL GROUP LIMITED

INSIGHT RETAIL GROUP LIMITED - Company Information

03285833 INSIGHT RETAIL GROUP LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 03285833 2014-01-01 2014-12-31 03285833 2014-12-31 03285833 2013-12-31 03285833 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 03285833 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 03285833

INSIGHT RETAIL GROUP LIMITED

Abbreviated Accounts

31 December 2014

INSIGHT RETAIL GROUP LIMITED Registered Number 03285833

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	25,023	40,179
Investments	3	30	30
		25,053	40,209
Current assets
Debtors		167,110	144,476
Cash at bank and in hand		42,345	83
		209,455	144,559
Creditors: amounts falling due within one year		(208,299)	(154,388)
Net current assets (liabilities)		1,156	(9,829)
Total assets less current liabilities		26,209	30,380
Creditors: amounts falling due after more than one year		(17,944)	(25,356)
Total net assets (liabilities)		8,265	5,024
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		7,265	4,024
Shareholders' funds		8,265	5,024

For the year ending 31 December 2014 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 10 June 2015

And signed on their behalf by:
S A Collinge, Director

INSIGHT RETAIL GROUP LIMITED Registered Number 03285833

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of services falling within the company's ordinary activities.

Licences and subscriptions to use the company's assets are recognised on a straight line basis over the life of agreement; payments for licences in advance are included as deferred income within creditors.

Where licences are granted that are substantially non-refundable assignments of rights, these are recognised as income of the period in which it occurs provided that the company has no substantial further obligations to perform under the agreement.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Computer equipment - Straight line over 3 years
Web site development - Straight line over 3 years
Trade marks - Straight line over 3 years

Other accounting policies
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over lease term.

Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Group accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

Related party transactions
The following directors had interest free loans during the year. The movements on these loans are as follows:

Director - Amount Owing 2014 - Amount Owing 2013 - Maximum in year
S A Collinge - £23,857 - £0 - £23,857

2Tangible fixed assets

	£
Cost
At 1 January 2014	75,542
Additions	11,356
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	86,898
Depreciation
At 1 January 2014	35,363
Charge for the year	26,512
On disposals	-
At 31 December 2014	61,875
Net book values
At 31 December 2014	25,023
At 31 December 2013	40,179

3Fixed assets Investments
Investment details - Year - Balance
Subsidiary undertaking - 2014 - £30
Subsidiary undertaking - 2013 - £30

Holdings of 20% or more
The company holds 20% or more of the share capital of the following companies:

Company - Country of registration/incorporation - Nature of business - Shares held - %
Successfully Selling Ltd - England and Wales - Dormant - Ordinary - 100%
Compare Retail Limited - England and Wales - Trading from 1/7/12 - Ordinary - 100%
Kitchen Compare Limited - England and Wales - Dormant - Ordinary - 100%

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Company - Capital and reserves - Profit for the year
Successfully Selling Ltd - £10 - £0
Compare Retail Limited - £10 - £0
Kitchen Compare Limited - £10 - £0

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000