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REGISTERED NUMBER: 06339499 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

In Situ Site Investigation Limited

In Situ Site Investigation Limited (Registered number: 06339499)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


In Situ Site Investigation Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S Abbs
P D Harper
D S Ward
B Fardaghaie
R L Rostas





REGISTERED OFFICE: 4 Oak Spinney Business Park Ratby Lane
Leicester Forest East
Leicester
LE3 3AW





REGISTERED NUMBER: 06339499 (England and Wales)

In Situ Site Investigation Limited (Registered number: 06339499)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,239,553 1,470,744

CURRENT ASSETS
Debtors 5 2,668,739 1,239,851
Cash at bank and in hand 283,891 257,909
2,952,630 1,497,760
CREDITORS
Amounts falling due within one year 6 1,041,797 599,865
NET CURRENT ASSETS 1,910,833 897,895
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,150,386

2,368,639

PROVISIONS FOR LIABILITIES 307,549 349,497
NET ASSETS 2,842,837 2,019,142

CAPITAL AND RESERVES
Called up share capital 8 200 200
Share premium 11,000 11,000
Retained earnings 2,831,637 2,007,942
SHAREHOLDERS' FUNDS 2,842,837 2,019,142

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





S Abbs - Director


In Situ Site Investigation Limited (Registered number: 06339499)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

In Situ Site Investigation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be reliably measured,

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


In Situ Site Investigation Limited (Registered number: 06339499)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 42 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 2,887,330 18,428 530,993 3,436,751
Additions 101,065 - - 101,065
Disposals (29,263 ) - - (29,263 )
At 31 December 2023 2,959,132 18,428 530,993 3,508,553
DEPRECIATION
At 1 January 2023 1,682,971 14,598 268,438 1,966,007
Charge for year 257,470 2,162 66,627 326,259
Eliminated on disposal (23,266 ) - - (23,266 )
At 31 December 2023 1,917,175 16,760 335,065 2,269,000
NET BOOK VALUE
At 31 December 2023 1,041,957 1,668 195,928 1,239,553
At 31 December 2022 1,204,359 3,830 262,555 1,470,744

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,499,508 1,046,017
Amounts owed by group undertakings 1,060,832 10,832
Other debtors 108,399 183,002
2,668,739 1,239,851

In Situ Site Investigation Limited (Registered number: 06339499)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 400,891 215,700
Taxation and social security 568,287 276,427
Other creditors 72,619 107,738
1,041,797 599,865

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 33,119 -
Between one and five years 32,272 -
65,391 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary £1 200 200

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Botham (Senior Statutory Auditor)
for and on behalf of Botham Accounting Limited


Botham Accounting Limited

10. CONTINGENT LIABILITIES

As at 31 December 2023, the total liabilities of other group members secured by a fixed charge over the assets of the company was £686,315,118 (2022 £509,807,481).

11. RELATED PARTY DISCLOSURES

The outstanding balance due from group undertakings for short term loans at 31 December 2023 was £1,060,832 (2022 - £10,832).
Outstanding balances are interest free and repayable on demand. Details of the security are shown in note 10 to these financial statements.

In Situ Site Investigation Limited (Registered number: 06339499)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

12. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Construction Testing Solutions Limited, a company incorporated in England and Wales.

The ultimate parent undertaking and controlling party is TIC Holdco Limited, a company registered in
England and Wales. Copies of the ultimate parent company's financial statements can be obtained
from Companies House. The directors are of the opinion that Mr Peter Dubens is qualified as the
ultimate controlling party of TIC Holdco Limited exercising his control through voting rights with a
controlling percentage of >50%.