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REGISTERED NUMBER: 05053657 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Instiller Limited

Instiller Limited (Registered number: 05053657)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Instiller Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A Toal
D G Holmes





SECRETARY: A Toal





REGISTERED OFFICE: Leofric House
Binley Road
Coventry
CV3 1JN





REGISTERED NUMBER: 05053657 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Instiller Limited (Registered number: 05053657)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 624,317 547,401
Tangible assets 5 165,061 39,157
789,378 586,558

CURRENT ASSETS
Stocks 116,277 150,165
Debtors 6 201,864 197,663
Cash at bank 781,543 709,630
1,099,684 1,057,458
CREDITORS
Amounts falling due within one year 7 545,932 189,738
NET CURRENT ASSETS 553,752 867,720
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,343,130

1,454,278

CREDITORS
Amounts falling due after more than one
year

8

(89,100

)

-

PROVISIONS FOR LIABILITIES (42,715 ) (9,700 )
NET ASSETS 1,211,315 1,444,578

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,211,215 1,444,478
SHAREHOLDERS' FUNDS 1,211,315 1,444,578

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.

Instiller Limited (Registered number: 05053657)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:




A Toal - Director



D G Holmes - Director


Instiller Limited (Registered number: 05053657)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Instiller 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax, except in respect of services contracts where turnover is recognised when the company obtains the right to consideration.

Intangible fixed assets
Intangible fixed assets are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives of five years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 20% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Research and development
Expenditure on research and development is written off in the year in which it is incurred. Development expenditure is also written off, expect where the directors are satisfied as to the technical, commercial, financial viability of individual projects. In such cases, the identifiable expenditure is deferred and amortised over the period during which the company is expected to benefit. This period is five years. Provision is made for any impairment.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Instiller Limited (Registered number: 05053657)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred taxation arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred taxation is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws.

Share based payments
The Company issues equity settled share based payments, for a consideration, to certain employees based upon achieving a specified period of service equal to the vesting period from the date of the grant. The fair value of the options granted is determined by reference to the Black-Scholes option pricing model which takes into account a number of variables.

The fair value of the options granted is recognised as an expense on a straight line basis with the corresponding entry to other reserves over the vesting period. The consideration received for the options to be granted is not recognised as a financial liability until the end of the vesting period, at which time it is re-classified to equity as long as the employee remains employed by the Group.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 1,114,079
Additions 225,808
At 31 March 2024 1,339,887
AMORTISATION
At 1 April 2023 566,678
Charge for year 148,892
At 31 March 2024 715,570
NET BOOK VALUE
At 31 March 2024 624,317
At 31 March 2023 547,401

Instiller Limited (Registered number: 05053657)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2023 1,069 3,875 25,307
Additions - - 125
Disposals - - (25,307 )
At 31 March 2024 1,069 3,875 125
DEPRECIATION
At 1 April 2023 1,069 2,226 19,574
Charge for year - 247 863
Eliminated on disposal - - (20,434 )
At 31 March 2024 1,069 2,473 3
NET BOOK VALUE
At 31 March 2024 - 1,402 122
At 31 March 2023 - 1,649 5,733

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 - 296,843 327,094
Additions 152,139 374 152,638
Disposals - (100,673 ) (125,980 )
At 31 March 2024 152,139 196,544 353,752
DEPRECIATION
At 1 April 2023 - 265,068 287,937
Charge for year 1,902 17,641 20,653
Eliminated on disposal - (99,465 ) (119,899 )
At 31 March 2024 1,902 183,244 188,691
NET BOOK VALUE
At 31 March 2024 150,237 13,300 165,061
At 31 March 2023 - 31,775 39,157

Instiller Limited (Registered number: 05053657)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 152,139
At 31 March 2024 152,139
DEPRECIATION
Charge for year 1,902
At 31 March 2024 1,902
NET BOOK VALUE
At 31 March 2024 150,237

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 159,294 155,910
Other debtors 42,570 41,753
201,864 197,663

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 12,198 -
Trade creditors 271 1,002
Amounts owed to group undertakings 445,000 -
Taxation and social security 82,231 185,185
Other creditors 6,232 3,551
545,932 189,738

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 89,100 -

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 101,298 -

The hire purchase creditor is secured on the asset purchased under the agreement.

Instiller Limited (Registered number: 05053657)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent undertaking Neteffekt Limited, a company in which Mr & Mrs A Toal and Mr & Mrs D Holmes are the controlling shareholders.