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.

 

 

 

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
expense

 

 

-


-

Loss for the year

(131,682)

(19,853)

 

 

 

Earnings per share attributable to the ordinary equity holders of the parent

 

2021

Pence

 

2020

Pence



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
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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
ACSSEFFSAEESEFL