INSIGHT CONCEPTS LIMITED Micro-entity accounts

INSIGHT CONCEPTS LIMITED Micro-entity accounts

INSIGHT CONCEPTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04106832
INSIGHT CONCEPTS LIMITED
Unaudited Financial Statements
31 March 2017
INSIGHT CONCEPTS LIMITED
Financial Statements
Year ended 31 March 2017
Contents
Page
Income statement
1
Statement of financial position and the notes to the financial statements
2
The following pages do not form part of the financial statements
Detailed income statement
5
Notes to the detailed income statement
6
INSIGHT CONCEPTS LIMITED
Income Statement
Year ended 31 March 2017
2017
2016
£
£
Turnover
25,733
28,561
Other income
217
6
--------
--------
25,950
28,567
Cost of raw materials and consumables
-
554
Staff costs
4,030
8,060
Depreciation and other amounts written off assets
134
178
Other charges
11,095
16,886
Tax
2,090
597
--------
--------
Profit
8,601
2,292
--------
--------
INSIGHT CONCEPTS LIMITED
Statement of Financial Position
31 March 2017
2017
2016
£
£
£
Fixed assets
400
534
----
----
Current assets
15,190
8,276
Creditors: amounts falling due within one year
9,216
1,037
--------
-------
Net current assets
5,974
7,239
-------
-------
Total assets less current liabilities
6,374
7,773
-------
-------
Capital and reserves
6,374
7,773
-------
-------
Notes to the financial statements
1. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2017
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr B A Wallace
( 12)
10,000
( 16,727)
( 6,739)
----
--------
--------
-------
2016
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr B A Wallace
( 18,846)
39,937
( 21,103)
( 12)
--------
--------
--------
----
For the year ending 31 March 2017 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 financial statements have been prepared in accordance with the micro-entity provisions.
These financial statements were approved by the board of directors and authorised for issue on 7 December 2017 , and are signed on behalf of the board by:
Mr B A Wallace
Director
Company registration number: 04106832
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is .
INSIGHT CONCEPTS LIMITED
Management Information
Year ended 31 March 2017
The following page does not form part of the financial statements.
INSIGHT CONCEPTS LIMITED
Detailed Income Statement
Year ended 31 March 2017
2017
2016
£
£
Turnover
25,733
28,561
Other income
217
6
Cost of raw materials and consumables
Purchases
-
(4)
Purchases - type 2
-
558
----
----
-
554
----
----
Staff costs
4,030
8,060
Depreciation and other amounts written off assets
134
178
Other charges
11,095
16,886
--------
--------
10,691
2,889
--------
--------
INSIGHT CONCEPTS LIMITED
Notes to the Detailed Income Statement
Year ended 31 March 2017
2017
2016
£
£
Other income
Commissions receivable
215
-
Other operating income
2
6
----
----
217
6
----
----
Staff costs
Directors salaries
4,030
-
Directors salaries
-
8,060
-------
-------
4,030
8,060
-------
-------
Depreciation and other amounts written off assets
Depreciation of tangible assets
134
178
----
----
Other charges
Rent
-
600
Light and heat
2,136
-
Other establishment expenses
442
179
Motor expenses
2,697
2,793
Travel and subsistence
68
35
Telephone
413
2,086
Office expenses
1,932
5,672
Printing
-
86
Printing postage and stationery
340
179
Other staff related expenses
-
7
Sundry expenses
1,876
87
General expenses (allowable)
-
699
Advertising
-
236
Foreign currency gains/losses
1
-
Legal and professional fees (allowable)
-
3,075
Accountancy fees
1,152
1,152
--------
--------
11,057
16,886
--------
--------