Annual Financial Report
Source: RNS
Insight Business Support plc
Financial Statements to 31 December 2021 and appointment of Director.
Full accounts will be sent to shareholders today, and also posted on the company's website www.insightbusinessuk.com
The board presents the financial statements of Insight Business Support PLC for the year end 31 December 2021.
During the period the Company reported a net loss before taxation of £131,682. There was no revenue in the period. The loss reflects the costs associated with the scoping of a potential acquisition, listed company fees and other operating costs.
The company continues the search for an acquisition.
As at 31 December 2021, the Company had cash at bank of £576,022.
|
STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 31 DECEMBER 2021 |
|
|||
|
|
Note |
2021 £ |
|
2020 £ |
|
Administrative expenses |
|
(131,682) |
|
(19,853) |
|
Loss from operations |
|
(131,682) |
|
(19,853) |
|
Loss before tax |
|
(131,682) |
|
(19,853) |
|
Tax |
|
- |
|
- |
|
Loss for the year |
(131,682) |
(19,853) |
||
|
Earnings per share attributable to the ordinary equity holders of the parent |
2021 Pence |
2020 Pence |
||
|
Profit or loss |
|
|
||
|
Basic |
(0.47) |
(0.23) |
||
|
Diluted |
(0.47) |
(0.23) |
||
|
Profit or loss from continuing operations |
|
|
||
|
Basic |
(0.47) |
(0.23) |
||
|
Diluted |
(0.47) |
(0.23) |
||
There was no other comprehensive Income during the year (2020: £nil).
|
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2021 |
|
|||
|
|
Note |
2021 £ |
|
2020 £ |
|
Assets |
|
|
|
|
|
Current assets |
|
|
|
|
|
Trade and other receivables |
9 |
47,589 |
|
1,500 |
|
Cash and cash equivalents |
|
576,022 |
|
10,085 |
|
Total assets |
|
623,611 |
|
11,585 |
|
Liabilities |
|
|
|
|
|
Current liabilities |
|
|
|
|
|
Trade and other liabilities |
10 |
(36,508) |
|
(3,200) |
|
Net assets |
|
587,103 |
|
8,385 |
|
Issued capital and reserves |
|
|
|
|
|
Share |
11 |
475,250 |
|
85,000 |
|
Share premium |
12 |
320,150 |
|
- |
|
Retained |
12 |
(208,297) |
|
(76,615) |
|
TOTAL EQUITY |
|
587,103 |
|
8,385 |
The board is pleased to announce the appointment of John Goold as a Director of the company.
John Green, CF Secretaries 07880 715905
Geoffrey Hoodless, The Share Republic.com Ltd 07973 322959
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