Illuminate Market Insight Ltd - Accounts to registrar (filleted) - small 18.2

Illuminate Market Insight Ltd - Accounts to registrar (filleted) - small 18.2

ILLUMINATE MARKET INSIGHT LTD - Company Information

Print Friendly Version

IRIS Accounts Production v21.1.0.652 SC379906 director 1.10.19 30.9.20 30.9.20 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC3799062019-09-30SC3799062020-09-30SC3799062019-10-012020-09-30SC3799062018-09-30SC3799062018-10-012019-09-30SC3799062019-09-30SC379906ns16:Scotland2019-10-012020-09-30SC379906ns15:PoundSterling2019-10-012020-09-30SC379906ns11:Director12019-10-012020-09-30SC379906ns11:PrivateLimitedCompanyLtd2019-10-012020-09-30SC379906ns11:SmallEntities2019-10-012020-09-30SC379906ns11:AuditExempt-NoAccountantsReport2019-10-012020-09-30SC379906ns11:SmallCompaniesRegimeForDirectorsReport2019-10-012020-09-30SC379906ns11:SmallCompaniesRegimeForAccounts2019-10-012020-09-30SC379906ns11:FullAccounts2019-10-012020-09-30SC37990612019-10-012020-09-30SC379906ns11:RegisteredOffice2019-10-012020-09-30SC379906ns6:CurrentFinancialInstruments2020-09-30SC379906ns6:CurrentFinancialInstruments2019-09-30SC379906ns6:ShareCapital2020-09-30SC379906ns6:ShareCapital2019-09-30SC379906ns6:RetainedEarningsAccumulatedLosses2020-09-30SC379906ns6:RetainedEarningsAccumulatedLosses2019-09-30SC379906ns6:IntangibleAssetsOtherThanGoodwill2019-10-012020-09-30SC379906ns6:DevelopmentCostsCapitalisedDevelopmentExpenditure2019-10-012020-09-30SC379906ns6:PlantMachinery2019-10-012020-09-30SC379906ns6:IntangibleAssetsOtherThanGoodwill2019-09-30SC379906ns6:IntangibleAssetsOtherThanGoodwill2020-09-30SC379906ns6:IntangibleAssetsOtherThanGoodwill2019-09-30SC379906ns6:PlantMachinery2019-09-30SC379906ns6:PlantMachinery2020-09-30SC379906ns6:PlantMachinery2019-09-30SC379906ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-09-30SC379906ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-09-30
REGISTERED NUMBER: SC379906 (Scotland)




















Illuminate Market Insight Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2020





Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT








Illuminate Market Insight Ltd (Registered number: SC379906)






Contents of the Financial Statements
for the Year Ended 30 September 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Illuminate Market Insight Ltd


Company Information
for the Year Ended 30 September 2020







DIRECTOR: Mrs F Maciver



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



REGISTERED NUMBER: SC379906 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: HSBC
2-4 St Ann's Square
Manchester
M2 7HD
Page 1
Illuminate Market Insight Ltd (Registered number: SC379906)


Balance Sheet
30 September 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,040 3,420
Tangible assets 5 615 1,162
3,655 4,582

CURRENT ASSETS
Debtors 6 946 3,809
Cash at bank 17,394 16,878
18,340 20,687
CREDITORS
Amounts falling due within one year 7 6,329 8,674
NET CURRENT ASSETS 12,011 12,013
TOTAL ASSETS LESS CURRENT LIABILITIES 15,666 16,595

PROVISIONS FOR LIABILITIES 694 871
NET ASSETS 14,972 15,724

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 14,971 15,723
SHAREHOLDERS' FUNDS 14,972 15,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 notes form part of these financial statements

Page 2 continued...
Illuminate Market Insight Ltd (Registered number: SC379906)


Balance Sheet - continued
30 September 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 1 April 2021 and were signed by:





Mrs F Maciver - Director


The notes form part of these financial statements

Page 3
Illuminate Market Insight Ltd (Registered number: SC379906)


Notes to the Financial Statements
for the Year Ended 30 September 2020

1. STATUTORY INFORMATION

Illuminate Market Insight Ltd is a private company, limited by shares , registered in Scotland. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

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

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 - 33% on cost and 25% on cost

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.


Page 4 continued...
Illuminate Market Insight Ltd (Registered number: SC379906)


Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

2. ACCOUNTING POLICIES - continued
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.

Going concern
The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade for the foreseeable future. The directors' going concern assessment includes the expected impact of COVID-19 to the company for a period of at least 12 months from the date of signing of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2019
and 30 September 2020 3,800
AMORTISATION
At 1 October 2019 380
Charge for year 380
At 30 September 2020 760
NET BOOK VALUE
At 30 September 2020 3,040
At 30 September 2019 3,420

Page 5 continued...
Illuminate Market Insight Ltd (Registered number: SC379906)


Notes to the Financial Statements - continued
for the Year Ended 30 September 2020

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2019
and 30 September 2020 3,715
DEPRECIATION
At 1 October 2019 2,553
Charge for year 547
At 30 September 2020 3,100
NET BOOK VALUE
At 30 September 2020 615
At 30 September 2019 1,162

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 946 2,707
Other debtors - 1,102
946 3,809

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Taxation and social security 5,223 7,876
Other creditors 1,106 798
6,329 8,674

Page 6