Insight Business Support PLC Annual Financial Report (7200J)
28 April 2022 - 12:13PM
UK Regulatory
TIDMIBSU
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 GBP131,682. 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
GBP576,022.
STATEMENT OF PROFIT OR LOSS
FOR THE YEAR ENDED 31 DECEMBER 2021
2021 2020
Note GBP GBP
Administrative expenses (131,682) (19,853)
---------------- ----------------
Loss from operations (131,682) (19,853)
---------------- ----------------
Loss before tax (131,682) (19,853)
Tax - -
expense
---------------- ----------------
Loss for the year (131,682) (19,853)
Earnings per share attributable to the ordinary equity 2021 2020
holders of the parent Pence 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:
GBPnil).
STATEMENT OF FINANCIAL POSITION AS
AT 31 DECEMBER 2021
2021 2020
Note GBP GBP
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
capital 11 475,250 85,000
Share premium
reserve 12 320,150 -
Retained
earnings 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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END
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