INSIGHT AX CONSULTING LTD


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Company Registration No. 08557525 (England and Wales)
INSIGHT AX CONSULTING LTD Abbreviated unaudited accounts for the year ended 30 June 2016
INSIGHT AX CONSULTING LTD Abbreviated Balance Sheet as at 30 June 2016
2016 
2015 
Notes
£ 
£ 
Fixed assets
Tangible assets
45 
- 
Current assets
Debtors
18,750 
22,800 
Cash at bank and in hand
69,552 
66,512 
88,302 
89,312 
Creditors: amounts falling due within one year
(14,239)
(22,310)
Net current assets
74,063 
67,002 
Net assets
74,108 
67,002 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
74,008 
66,902 
Total shareholders' funds
74,108 
67,002 
For the year ending 30 June 2016 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 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 16 July 2016
Varvara Raskazova Director Company Registration No. 08557525
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INSIGHT AX CONSULTING LTD Notes to the Abbreviated Accounts for the year ended 30 June 2016
1
Accounting policies
Basis of preparation
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
The turnover shown in the profit and loss account represents revenue earned during the period with an adjustment for the Flat rate VAT.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% on cost using the straight line method.
2
Tangible fixed assets
£ 
Cost
At 1 July 2015
- 
Additions
170 
At 30 June 2016
170 
Depreciation
Charge for the year
125 
At 30 June 2016
125 
Net book value
At 30 June 2016
45 
3
Share capital
2016 
2015 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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