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REGISTERED NUMBER: 08881788 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2018

for

Insightful Technology Limited

Insightful Technology Limited (Registered number: 08881788)






Contents of the Financial Statements
for the Year Ended 28 February 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Insightful Technology Limited

Company Information
for the Year Ended 28 February 2018







DIRECTORS: R D Houghton
R F Millett





SECRETARY: R F Millett





REGISTERED OFFICE: Orchard Cottage
Old Apley
Market Rasen
Lincolnshire
LN8 5JQ





REGISTERED NUMBER: 08881788 (England and Wales)





ACCOUNTANTS: G & R Millett T/as G M Agencies
Orchard Cottage
Old Apley
Market Rasen
Lincolnshire
LN8 5JQ

Insightful Technology Limited (Registered number: 08881788)

Balance Sheet
28 February 2018

28.2.18 28.2.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 127,287 107,287

CURRENT ASSETS
Debtors 5 618,712 186,700
Cash at bank 20,040 26,378
638,752 213,078
CREDITORS
Amounts falling due within one year 6 629,302 320,278
NET CURRENT ASSETS/(LIABILITIES) 9,450 (107,200 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,737

87

CREDITORS
Amounts falling due after more than one
year

7

135,326

-
NET ASSETS 1,411 87

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,311 (13 )
SHAREHOLDERS' FUNDS 1,411 87

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Insightful Technology Limited (Registered number: 08881788)

Balance Sheet - continued
28 February 2018


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 2 May 2018 and were signed on its behalf by:





R F Millett - Director


Insightful Technology Limited (Registered number: 08881788)

Notes to the Financial Statements
for the Year Ended 28 February 2018

1. STATUTORY INFORMATION

Insightful Technology 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of nil years.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet 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 8 (2017 - 4 ) .

Insightful Technology Limited (Registered number: 08881788)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

4. INTANGIBLE FIXED ASSETS
Patents
and Development
licences costs Totals
£    £    £   
COST
At 1 March 2017 - 107,287 107,287
Additions 20,000 - 20,000
At 28 February 2018 20,000 107,287 127,287
NET BOOK VALUE
At 28 February 2018 20,000 107,287 127,287
At 28 February 2017 - 107,287 107,287

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Trade debtors 618,712 186,700

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Other loans 112,742 -
TVB loan 50,000 -
Trade creditors 158,047 13,347
VAT 20,172 751
Other creditors 288,341 294,263
Accrued expenses - 11,917
629,302 320,278

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.18 28.2.17
£    £   
TVB loan 135,326 -