Annual Financial Report

RNS Number : 7200J

Insight Business Support PLC

28 April 2022

 

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.

STATEMENTOFPROFITORLOSS FORTHEYEARENDED31DECEMBER2021
	Note	2021 £		2020 £
Administrativeexpenses		(131,682)		(19,853)
Lossfromoperations		(131,682)		(19,853)
Lossbeforetax		(131,682)		(19,853)
Tax expense		-		-
Lossfortheyear		(131,682)		(19,853)
Earningspershareattributabletotheordinaryequityholdersoftheparent		2021 Pence		2020 Pence
Profitorloss
Basic		(0.47)		(0.23)
Diluted		(0.47)		(0.23)
Profitorlossfromcontinuingoperations
Basic		(0.47)		(0.23)
Diluted		(0.47)		(0.23)

There was no other comprehensive Income during the year (2020: £nil).

STATEMENTOFFINANCIALPOSITIONASAT 31DECEMBER2021
	Note	2021 £		2020 £
Assets
Currentassets
Tradeandotherreceivables	9	47,589		1,500
Cashandcashequivalents		576,022		10,085
Totalassets		623,611		11,585
Liabilities
Currentliabilities
Tradeandotherliabilities	10	(36,508)		(3,200)
Netassets		587,103		8,385
Issuedcapitalandreserves
Share capital	11	475,250		85,000
Share premium reserve	12	320,150		-
Retained earnings	12	(208,297)		(76,615)
TOTALEQUITY		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

 

END

 

 

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