Abbreviated Company Accounts - INSIGHT RETAIL GROUP LIMITED

INSIGHT RETAIL GROUP LIMITED - Company Information

03285833 INSIGHT RETAIL GROUP LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 03285833 2013-01-01 2013-12-31 03285833 2013-12-31 03285833 2012-12-31 03285833 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 03285833 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 03285833

INSIGHT RETAIL GROUP LIMITED

Abbreviated Accounts

31 December 2013

INSIGHT RETAIL GROUP LIMITED Registered Number 03285833

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	40,179	39,496
Investments	3	30	30
		40,209	39,526
Current assets
Debtors		144,476	25,832
Cash at bank and in hand		83	36,838
		144,559	62,670
Creditors: amounts falling due within one year		(154,388)	(79,039)
Net current assets (liabilities)		(9,829)	(16,369)
Total assets less current liabilities		30,380	23,157
Creditors: amounts falling due after more than one year		(25,356)	(7,500)
Total net assets (liabilities)		5,024	15,657
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		4,024	14,657
Shareholders' funds		5,024	15,657

For the year ending 31 December 2013 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 12 September 2014

And signed on their behalf by:
S Collinge, Director

INSIGHT RETAIL GROUP LIMITED Registered Number 03285833

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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 the agreements; 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 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
Website development - Straight line over 3 years
Trade marks - Straight line over 5 years

Other accounting policies
Leasing
Rentals payable under operation leases are charged against income on a straight line basis over the 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.

2Tangible fixed assets

	£
Cost
At 1 January 2013	49,996
Additions	25,546
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	75,542
Depreciation
At 1 January 2013	10,500
Charge for the year	24,863
On disposals	-
At 31 December 2013	35,363
Net book values
At 31 December 2013	40,179
At 31 December 2012	39,496

3Fixed assets Investments
Investment details

Subsidiary undertaking , 2013 - £30 , 2012 - £30

Holdings of 20% or more
Company - Country of registration or incorp. - Nature of business - share class held - %
Successfully Selling Ltd - England and Wales - Dormant - Ordinary - 100%
Compare Retails 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 was £10 for each of these companies in the last relevant financial year. All of the above companies attained no profit in the relevant financial year.

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

	2013 £	2012 £
1,000 Ordinary shares of £1 each	1,000	1,000