INSIGHT_RESOURCING_LIMITE - Accounts

INSIGHT RESOURCING LIMITED - Company Information

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Company Registration No. 08494496 (England and Wales)

INSIGHT RESOURCING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

INSIGHT RESOURCING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

INSIGHT RESOURCING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Current assets

Debtors

212,724

72,545

Cash at bank and in hand

2,929

1,756

215,653

74,301

Creditors: amounts falling due within one year

(178,440)

(4,223)

Total assets less current liabilities

37,213

70,078

Capital and reserves

Called up share capital

100

Share premium account

74,970

Profit and loss account

(37,857)

(4,992)

Shareholders' funds

37,213

70,078

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 13 April 2017

Mr S D Smith

Director

Company Registration No. 08494496

INSIGHT RESOURCING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Revenue is recognised when risks and rewards have been passed to the customer. This is when the placement of candidate has been made.

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100

Related party relationships and transactions

Directors advances and credits

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr S D Smith - Director's loan account

208,403