IRIS Accounts Production v24.3.0.553 02890455 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh028904552023-03-31028904552024-03-31028904552023-04-012024-03-31028904552022-03-31028904552022-04-012023-03-31028904552023-03-3102890455ns15:EnglandWales2023-04-012024-03-3102890455ns14:PoundSterling2023-04-012024-03-3102890455ns10:Director12023-04-012024-03-3102890455ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102890455ns10:SmallEntities2023-04-012024-03-3102890455ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3102890455ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102890455ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102890455ns10:FullAccounts2023-04-012024-03-3102890455ns10:Director32023-04-012024-03-3102890455ns10:Director42023-04-012024-03-3102890455ns10:RegisteredOffice2023-04-012024-03-3102890455ns5:CurrentFinancialInstruments2024-03-3102890455ns5:CurrentFinancialInstruments2023-03-3102890455ns5:ShareCapital2024-03-3102890455ns5:ShareCapital2023-03-3102890455ns5:CapitalRedemptionReserve2024-03-3102890455ns5:CapitalRedemptionReserve2023-03-3102890455ns5:RetainedEarningsAccumulatedLosses2024-03-3102890455ns5:RetainedEarningsAccumulatedLosses2023-03-3102890455ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-3102890455ns5:PlantMachinery2023-03-3102890455ns5:FurnitureFittings2023-03-3102890455ns5:ComputerEquipment2023-03-3102890455ns5:ShortLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3102890455ns5:PlantMachinery2023-04-012024-03-3102890455ns5:FurnitureFittings2023-04-012024-03-3102890455ns5:ComputerEquipment2023-04-012024-03-3102890455ns5:ShortLeaseholdAssetsns5:LandBuildings2024-03-3102890455ns5:PlantMachinery2024-03-3102890455ns5:FurnitureFittings2024-03-3102890455ns5:ComputerEquipment2024-03-3102890455ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-3102890455ns5:PlantMachinery2023-03-3102890455ns5:FurnitureFittings2023-03-3102890455ns5:ComputerEquipment2023-03-3102890455ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3102890455ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3102890455ns5:WithinOneYear2024-03-3102890455ns5:WithinOneYear2023-03-3102890455ns5:BetweenOneFiveYears2024-03-3102890455ns5:BetweenOneFiveYears2023-03-3102890455ns5:AllPeriods2024-03-3102890455ns5:AllPeriods2023-03-3102890455ns5:DeferredTaxation2023-03-3102890455ns5:DeferredTaxation2023-04-012024-03-3102890455ns5:DeferredTaxation2024-03-31
REGISTERED NUMBER: 02890455 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SUBSIGHT SURVEYS LIMITED

SUBSIGHT SURVEYS LIMITED (REGISTERED NUMBER: 02890455)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SUBSIGHT SURVEYS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: I S Pratt
D T Clarke
A M T Websdale





REGISTERED OFFICE: Unit 5 Braunston Business Park
London Road
Braunston
Daventry
Northamptonshire
NN11 7HB





REGISTERED NUMBER: 02890455 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

SUBSIGHT SURVEYS LIMITED (REGISTERED NUMBER: 02890455)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 34,156 50,933

CURRENT ASSETS
Debtors 5 215,245 153,376
Cash at bank 95,642 208,583
310,887 361,959
CREDITORS
Amounts falling due within one year 6 (153,533 ) (172,188 )
NET CURRENT ASSETS 157,354 189,771
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,510

240,704

PROVISIONS FOR LIABILITIES 8 (8,539 ) (12,492 )
NET ASSETS 182,971 228,212

CAPITAL AND RESERVES
Called up share capital 90 90
Capital redemption reserve 10 10
Retained earnings 182,871 228,112
SHAREHOLDERS' FUNDS 182,971 228,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





I S Pratt - Director


SUBSIGHT SURVEYS LIMITED (REGISTERED NUMBER: 02890455)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Subsight Surveys Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02890455 and its registered office is Unit 5 Braunston Business Park, London Road, Braunston, Daventry, Northamptonshire, NN11 7HB.

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.

The presentational currency of the financial statements is pound sterling and figures are rounded to the nearest £1.

Turnover
Turnover 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.

Tangible fixed assets
Tangible fixed assets 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, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Short leasehold land & buildings- 20% straight line
Plant and machinery - 25% straight line
Fixtures and fittings- 25% straight line
Computer equipment- 25% straight line

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.

SUBSIGHT SURVEYS LIMITED (REGISTERED NUMBER: 02890455)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, 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.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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.

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.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Operating leases
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments 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 13 (2023 - 12 ) .

SUBSIGHT SURVEYS LIMITED (REGISTERED NUMBER: 02890455)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Short
leasehold Fixtures
land & Plant and and Computer
buildings machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 13,849 196,877 11,150 29,321 251,197
DEPRECIATION
At 1 April 2023 13,849 146,660 11,038 28,717 200,264
Charge for year - 16,327 31 419 16,777
At 31 March 2024 13,849 162,987 11,069 29,136 217,041
NET BOOK VALUE
At 31 March 2024 - 33,890 81 185 34,156
At 31 March 2023 - 50,217 112 604 50,933

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 125,458 145,668
Amounts owed by group undertakings 82,545 -
Other debtors 7,242 7,708
215,245 153,376

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 34,786 67,068
Taxation and social security 112,892 103,131
Other creditors 5,855 1,989
153,533 172,188

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 7,244 1,488
Between one and five years - 744
7,244 2,232

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,539 12,492

SUBSIGHT SURVEYS LIMITED (REGISTERED NUMBER: 02890455)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 12,492
Provided during year (3,953 )
Balance at 31 March 2024 8,539