Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31140147false2023-04-01falseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07068363 2023-04-01 2024-03-31 07068363 2022-04-01 2023-03-31 07068363 2024-03-31 07068363 2023-03-31 07068363 2022-04-01 07068363 c:PriorPeriodIncreaseDecrease 2023-04-01 2024-03-31 07068363 d:Director1 2023-04-01 2024-03-31 07068363 d:Director2 2023-04-01 2024-03-31 07068363 c:Buildings 2023-04-01 2024-03-31 07068363 c:Buildings 2024-03-31 07068363 c:Buildings 2023-03-31 07068363 c:Buildings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07068363 c:Buildings c:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 07068363 c:MotorVehicles 2023-04-01 2024-03-31 07068363 c:MotorVehicles 2024-03-31 07068363 c:MotorVehicles 2023-03-31 07068363 c:MotorVehicles c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07068363 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 07068363 c:FurnitureFittings 2023-04-01 2024-03-31 07068363 c:FurnitureFittings 2024-03-31 07068363 c:FurnitureFittings 2023-03-31 07068363 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07068363 c:FurnitureFittings c:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 07068363 c:OfficeEquipment 2023-04-01 2024-03-31 07068363 c:OfficeEquipment 2024-03-31 07068363 c:OfficeEquipment 2023-03-31 07068363 c:OfficeEquipment c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07068363 c:OfficeEquipment c:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 07068363 c:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07068363 c:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 07068363 c:Goodwill 2023-04-01 2024-03-31 07068363 c:Goodwill 2024-03-31 07068363 c:Goodwill 2023-03-31 07068363 c:CurrentFinancialInstruments 2024-03-31 07068363 c:CurrentFinancialInstruments 2023-03-31 07068363 c:Non-currentFinancialInstruments 2024-03-31 07068363 c:Non-currentFinancialInstruments 2023-03-31 07068363 c:CurrentFinancialInstruments c:WithinOneYear 2024-03-31 07068363 c:CurrentFinancialInstruments c:WithinOneYear 2023-03-31 07068363 c:Non-currentFinancialInstruments c:AfterOneYear 2024-03-31 07068363 c:Non-currentFinancialInstruments c:AfterOneYear 2023-03-31 07068363 c:ShareCapital 2023-04-01 2024-03-31 07068363 c:ShareCapital 2024-03-31 07068363 c:ShareCapital 2022-04-01 2023-03-31 07068363 c:ShareCapital 2023-03-31 07068363 c:ShareCapital 2022-04-01 07068363 c:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 07068363 c:RetainedEarningsAccumulatedLosses 2024-03-31 07068363 c:RetainedEarningsAccumulatedLosses c:PriorPeriodIncreaseDecrease 2023-04-01 2024-03-31 07068363 c:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 07068363 c:RetainedEarningsAccumulatedLosses 2023-03-31 07068363 c:RetainedEarningsAccumulatedLosses 2022-04-01 07068363 c:AcceleratedTaxDepreciationDeferredTax 2024-03-31 07068363 c:AcceleratedTaxDepreciationDeferredTax 2023-03-31 07068363 d:OrdinaryShareClass1 2023-04-01 2024-03-31 07068363 d:OrdinaryShareClass1 2024-03-31 07068363 d:OrdinaryShareClass1 2023-03-31 07068363 d:FRS102 2023-04-01 2024-03-31 07068363 d:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07068363 d:FullAccounts 2023-04-01 2024-03-31 07068363 d:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07068363 c:HirePurchaseContracts c:WithinOneYear 2024-03-31 07068363 c:HirePurchaseContracts c:WithinOneYear 2023-03-31 07068363 c:HirePurchaseContracts c:BetweenOneFiveYears 2024-03-31 07068363 c:HirePurchaseContracts c:BetweenOneFiveYears 2023-03-31 07068363 2 2023-04-01 2024-03-31 07068363 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2024-03-31 07068363 c:MotorVehicles c:LeasedAssetsHeldAsLessee 2023-03-31 07068363 c:LeasedAssetsHeldAsLessee 2024-03-31 07068363 c:LeasedAssetsHeldAsLessee 2023-03-31 07068363 e:PoundSterling 2023-04-01 2024-03-31 07068363 c:ShareCapital c:PriorPeriodErrorIncreaseDecrease 2023-04-01 2024-03-31 07068363 c:RetainedEarningsAccumulatedLosses c:PreviouslyStatedAmount 2023-03-31 07068363 c:PreviouslyStatedAmount 2023-03-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 07068363














INSIGHT SPECIALIST BEHAVIOURAL SERVICE LTD
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024

 
INSIGHT SPECIALIST BEHAVIOURAL SERVICE LTD
REGISTERED NUMBER: 07068363

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023 (restated)
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,918,561
534,832

  
1,918,561
534,832

Current assets
  

Debtors: amounts falling due within one year
 6 
302,529
561,342

Cash at bank and in hand
 7 
1,956,106
2,559,324

  
2,258,635
3,120,666

Creditors: amounts falling due within one year
 8 
(607,784)
(323,850)

Net current assets
  
 
 
1,650,851
 
 
2,796,816

Total assets less current liabilities
  
3,569,412
3,331,648

Creditors: amounts falling due after more than one year
 9 
(24,954)
(41,590)

Provisions for liabilities
  

Deferred tax
 11 
(3,995)
(22,390)

  
 
 
(3,995)
 
 
(22,390)

Net assets
  
£3,540,463
£3,267,668


Capital and reserves
  

Called up share capital 
 12 
2
2

Profit and loss account
  
3,540,461
3,267,666

  
£3,540,463
£3,267,668


Page 1

 
INSIGHT SPECIALIST BEHAVIOURAL SERVICE LTD
REGISTERED NUMBER: 07068363

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 September 2024.




Mrs L Cashford
Mrs J F Hales
Director
Director

The notes on pages 4 to 13 form part of these financial statements.

Page 2

 
INSIGHT SPECIALIST BEHAVIOURAL SERVICE LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 April 2022
2
3,008,042
3,008,044


Comprehensive income for the year

Profit for the year

-
303,024
303,024


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
303,024
303,024


Contributions by and distributions to owners

Dividends: Equity capital
-
(43,400)
(43,400)


Total transactions with owners
£-
£(43,400)
£(43,400)



At 1 April 2023 (as previously stated)
2
3,455,143
3,455,145

Prior year adjustment - correction of error
-
(187,477)
(187,477)


At 1 April 2023 (as restated)
2
3,267,666
3,267,668


Comprehensive income for the year

Profit for the year

-
274,795
274,795


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
274,795
274,795


Contributions by and distributions to owners

Dividends: Equity capital
-
(2,000)
(2,000)


Total transactions with owners
-
(2,000)
(2,000)


At 31 March 2024
£2
£3,540,461
£3,540,463


The notes on pages 4 to 13 form part of these financial statements.

Page 3

 
INSIGHT SPECIALIST BEHAVIOURAL SERVICE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Insight Specialist Behavioural Service Limited is a private company limited by shares. The company is incorporated in England and Wales.
The company registration number is 07068363.
The address of the registered office of the company is Henwood House, Henwood, Ashford, Kent, TN24 8DH.
The principal place of business is Aspley House, 204 London Road, Sittingbourne, Kent, ME10 1QA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 4

 
INSIGHT SPECIALIST BEHAVIOURAL SERVICE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 5

 
INSIGHT SPECIALIST BEHAVIOURAL SERVICE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
5%
straight line basis
Motor vehicles
-
25%
reducing balance basis
Fixtures and fittings
-
25%
reducing balance basis
Office equipment
-
25%
reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 6

 
INSIGHT SPECIALIST BEHAVIOURAL SERVICE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.
Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
 
Page 7

 
INSIGHT SPECIALIST BEHAVIOURAL SERVICE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.15
Financial instruments (continued)

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 147 (2023 - 140).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
900,000



At 31 March 2024

900,000



Amortisation


At 1 April 2023
900,000



At 31 March 2024

900,000



Net book value



At 31 March 2024
£-



At 31 March 2023
£-



Page 8

 
INSIGHT SPECIALIST BEHAVIOURAL SERVICE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
412,506
170,162
78,873
28,139
689,680


Additions
1,405,002
9,675
-
2,405
1,417,082



At 31 March 2024

1,817,508
179,837
78,873
30,544
2,106,762



Depreciation


At 1 April 2023
617
82,672
56,282
15,277
154,848


Charge for the year on owned assets
869
7,013
5,650
3,549
17,081


Charge for the year on financed assets
-
16,272
-
-
16,272



At 31 March 2024

1,486
105,957
61,932
18,826
188,201



Net book value



At 31 March 2024
£1,816,022
£73,880
£16,941
£11,718
£1,918,561



At 31 March 2023
£411,889
£87,490
£22,591
£12,862
£534,832

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
48,814
65,086

£48,814
£65,086

Page 9

 
INSIGHT SPECIALIST BEHAVIOURAL SERVICE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023 (restated)
£
£


Trade debtors
124,242
377,622

Other debtors
156,643
164,402

Prepayments and accrued income
21,644
19,318

£302,529
£561,342



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,956,106
2,559,324

£1,956,106
£2,559,324



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
115,708
50,995

Corporation tax
24,549
140,453

Other taxation and social security
65,078
59,221

Obligations under finance lease and hire purchase contracts
16,636
16,636

Other creditors
367,165
46,845

Accruals and deferred income
18,648
9,700

£607,784
£323,850


The following liabilities were secured:

2024
2023
£
£



Obligations under finance lease and hire purchase contracts
16,636
16,636

16,636
16,636

Details of security provided:

Finance lease and hire purchase contracts are secured on the assets concerned.

Page 10

 
INSIGHT SPECIALIST BEHAVIOURAL SERVICE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
24,954
41,590

£24,954
£41,590


The following liabilities were secured:

2024
2023
£
£



Obligations under finance lease and hire purchase contracts
24,954
41,590

24,954
41,590

Details of security provided:

Finance lease and hire purchase contracts are secured on the assets concerned.


10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
16,636
16,636

Between 1-5 years
24,954
41,590

£41,590
£58,226

Page 11

 
INSIGHT SPECIALIST BEHAVIOURAL SERVICE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Deferred taxation




2024


£






At beginning of year
(22,390)


Charged to profit or loss
18,395



At end of year
£(3,995)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
3,995
22,390

£3,995
£22,390


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
£2
£2



13.


Prior year adjustment

A prior year adjustment has been made to recognise credit notes raised in 2024 which related to sales invoices raised in 2023's accounts in the 2023 figures.


14.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £138,917 (2023 - £106,211). Contributions totalling £16,453 (2023 - £14,448) were payable to the fund at the balance sheet date and are included in creditors.


15.


Transactions with directors

Included within other debtors due within one year are loans to directors amounting to £nil (2023: £16,385). Interest is charged at 2.25% (2023 : 2%). The loan is repayable on demand.

Page 12

 
INSIGHT SPECIALIST BEHAVIOURAL SERVICE LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

16.


Related party transactions

The Company paid rent for the business premises to the directors of £445,529 (2023 : £445,529) during the year. This transaction was on an arms length basis.


Page 13