Abbreviated Company Accounts - INSIGHT RETAIL GROUP LIMITED

INSIGHT RETAIL GROUP LIMITED - Company Information

03285833 INSIGHT RETAIL GROUP LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 03285833 2015-01-01 2015-12-31 03285833 2015-12-31 03285833 2014-12-31 03285833 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 03285833 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:Director3 2015-01-01 2015-12-31 uk-gaap-cd-bus:Director3 2015-12-31 uk-gaap-cd-bus:Director3 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 03285833

INSIGHT RETAIL GROUP LIMITED

Abbreviated Accounts

31 December 2015

INSIGHT RETAIL GROUP LIMITED Registered Number 03285833

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	35,642	25,023
Investments	3	30	30
		35,672	25,053
Current assets
Debtors		85,357	167,110
Cash at bank and in hand		32,416	42,345
		117,773	209,455
Creditors: amounts falling due within one year		(131,499)	(208,299)
Net current assets (liabilities)		(13,726)	1,156
Total assets less current liabilities		21,946	26,209
Creditors: amounts falling due after more than one year		(16,107)	(17,944)
Total net assets (liabilities)		5,839	8,265
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		4,839	7,265
Shareholders' funds		5,839	8,265

For the year ending 31 December 2015 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 16 September 2016

And signed on their behalf by:
SA Collinge, Director

INSIGHT RETAIL GROUP LIMITED Registered Number 03285833

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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 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:
Software and web site
development - Straight line over 2-4 years
Computer
equipment - Straight line over 3 years.

Other accounting policies
Leasing
Rentals payable under operating 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 2015	86,898
Additions	42,475
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	129,373
Depreciation
At 1 January 2015	61,875
Charge for the year	31,856
On disposals	-
At 31 December 2015	93,731
Net book values
At 31 December 2015	35,642
At 31 December 2014	25,023

3Fixed assets Investments
Investment details - Year - Balance
Subsidiary undertaking - 2015 - £30
Subsidiary undertaking - 2014 - £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 - Dormant - 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:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000

5Transactions with directors

Name of director receiving advance or credit:	SA Collinge
Description of the transaction:	Interest free loan
Balance at 1 January 2015:	£ 23,857
Advances or credits made:	£ 14,610
Advances or credits repaid:	-
Balance at 31 December 2015:	£ 38,467