Insight HR Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09377323 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

INSIGHT HR LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A L Brough

Mrs. L J Evans

Mrs. L A Fidgett

Mrs K M Groom

REGISTERED OFFICE:

40 Hatherton Road

Cannock

Staffordshire

WS111HG

REGISTERED NUMBER:

09377323 (England and Wales)

ACCOUNTANTS:

Shelvoke Pickering Janney LLP

Chartered Accountants

57-61 Market Place

Cannock

Staffordshire

WS11 1BP

FIXED ASSETS

Property, plant and equipment

4

1,540

1,509

CURRENT ASSETS

Cash at bank

101,028

78,278

CREDITORS

Amounts falling due within one year

5

83,374

75,641

NET CURRENT ASSETS

17,654

2,637

TOTAL ASSETS LESS CURRENT LIABILITIES

19,194

4,146

PROVISIONS FOR LIABILITIES

292

302

NET ASSETS

18,902

3,844

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

18,802

3,744

18,902

3,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 18 June 2018 and were signed on its behalf by:

Mrs A L Brough - Director

Mrs. L J Evans - Director

Mrs. L A Fidgett - Director

Mrs K M Groom - Director

1.	STATUTORY INFORMATION

Insight HR Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 6 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2017

2,524

Additions

545

At 31 March 2018

3,069

DEPRECIATION

At 1 April 2017

1,015

Charge for year

514

At 31 March 2018

1,529

NET BOOK VALUE

At 31 March 2018

1,540

At 31 March 2017

1,509

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

42,906

42,450

Other creditors

40,468

33,191

83,374

75,641

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £134,000 (2017 - £128,000) were paid to the directors .

The company was not under the control of any one individual party during this or the preceding

accounting year.

The directors made interest free loans and the balance at 31 March 2018 was £38518 (2017:

£32292). This was the highest balance and no terms are set down for repayment.