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



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

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END
 
 
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