Moore Stephens Insight Limited Accounts

MOORE STEPHENS INSIGHT LIMITED - Company Information






Moore Stephens Insight Limited

	Company No. 07909149
		Information for Filing with The Registrar
		30 April 2023

The Directors present their report and the accounts for the year ended 30 April 2023.

Principal activities
The principal activity of the company during the year under review was management consultancy services.




Directors

The Directors who served at any time during the year were as follows:


R.W. Jones			(Resigned 19 December 2023)
B.A. Mahon
P.T. Morley
P.R. Stockton

































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

P.T. Morley
Director
22 January 2024

at	30 April 2023
Company No.		07909149	Notes	2023	2022
				£	£
Fixed assets



	Investments		4	301	-
				301	-
Current assets
	Stocks		5	110,945	110,224
	Debtors		6	1,872,571	1,212,249

	Cash at bank and in hand			472,344	1,395,290
				2,455,860	2,717,763
Creditors: Amount falling due within one year			7	(1,624,895)	(1,917,247)
Net current assets				830,965	800,516
Total assets less current liabilities				831,266	800,516




Net assets				831,266	800,516

Capital and reserves
	Called up share capital			1,440	1,440
	Share premium account		8	41,041	41,041


	Profit and loss account		8	788,785	758,035

Total equity				831,266	800,516



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 April 2023 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 the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 22 January 2024
And signed on its behalf by:
P.T. Morley
Director
22 January 2024

for the year ended 30 April 2023

General information

Its registered number is: 07909149

Its registered office is:

St James House

Vicar Lane

Sheffield

S1 2EX

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax and other sales taxes. Turnover is reduced for discounts, rebates and other similar allowances.

Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Investments

Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Stocks

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Leased assets

Operating lease payments are recognised as an expense on a straight-line basis over the lease term.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Employees
			2023	2022
			Number	Number
		The average monthly number of employees during the year was:	29	26

4	Investments
			Investment in Subsidiaries	Total
			£	£
		Cost or valuation

		Additions	301	301


		At 30 April 2023	301	301
		Provisions/Impairment





		Net book values
		At 30 April 2023	301	301

5	Stocks
			2023	2022
			£	£

		Work in progress	110,945	110,224

			110,945	110,224

6	Debtors
			2023	2022
			£	£
		Trade debtors	1,212,827	517,949
		Amounts owed by group undertakings	28,295	-





		Prepayments and accrued income	631,449	694,300
			1,872,571	1,212,249

7	Creditors:
		amounts falling due within one year
			2023	2022
			£	£




		Trade creditors	531,384	728,577


		Other taxes and social security	229,765	338,343

		Other creditors	62,750	58,858
		Accruals and deferred income	800,996	791,469
			1,624,895	1,917,247

Reserves

Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.

Profit and loss account - includes all current and prior period retained profits and losses.