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REGISTERED NUMBER: SC384641 (Scotland)




















Informed Sources (Europe) Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2024






Informed Sources (Europe) Ltd (Registered number: SC384641)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Informed Sources (Europe) Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: A S Cadd



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
EH3 6AS



REGISTERED NUMBER: SC384641 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: HSBC Bank plc
17 Gerrard Street
London
W1D 6HB

Informed Sources (Europe) Ltd (Registered number: SC384641)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 101 799
Investments 5 36,225 46,225
36,326 47,024

CURRENT ASSETS
Debtors 6 208,752 101,558
Cash at bank 14,501 15,421
223,253 116,979
CREDITORS
Amounts falling due within one year 7 167,215 71,145
NET CURRENT ASSETS 56,038 45,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,364

92,858

PROVISIONS FOR LIABILITIES 25 164
NET ASSETS 92,339 92,694

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 92,337 92,692
92,339 92,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Informed Sources (Europe) Ltd (Registered number: SC384641)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 November 2024 and were signed by:





A S Cadd - Director


Informed Sources (Europe) Ltd (Registered number: SC384641)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Informed Sources (Europe) Ltd is a private company, limited by shares , registered in Scotland. 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 represents the value of marketing research and information services provided during the year.

Turnover from marketing research and information services is recognised as the company earns the right to consideration.

Royalties are recognised as the company becomes entitled to receive royalties.

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 etc - 50% on cost

Investments in subsidiaries
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Financial instruments
Financial instruments comprise financial assets and financial liabilities which are recognised when the company become a party to the contractual provisions of the instrument. Financial instruments are classified as "basic" in accordance with FRS102 and are accounted for at amortised cost using the effective interest method.The effective interest rate is the rate that exactly discounts estimated future cash flows over the life of the financial assets or liability to the net carrying amount on initial recognition. Discounting is not applied to short-term receivables and payables, where the effect is immaterial.

Financial assets at cost compromise cash and other debtors. Financial liabilities compromise bank and other loans, accruals and other creditors.


Informed Sources (Europe) Ltd (Registered number: SC384641)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a direct contribution pension scheme. Contributions payable to the company pension scheme are charged in the period to which they relate.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Provision for liabilities
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Informed Sources (Europe) Ltd (Registered number: SC384641)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 9,608
Disposals (8,213 )
At 30 June 2024 1,395
DEPRECIATION
At 1 July 2023 8,809
Charge for year 698
Eliminated on disposal (8,213 )
At 30 June 2024 1,294
NET BOOK VALUE
At 30 June 2024 101
At 30 June 2023 799

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023 46,225
Disposals (10,000 )
At 30 June 2024 36,225
NET BOOK VALUE
At 30 June 2024 36,225
At 30 June 2023 46,225

During the year, Informed Sources (Europe) Ltd recognised a total write-off of its investment in Informed Sources (Norway) AS, amounting to £10,000. This write-off was necessitated by the liquidation of Informed Sources (Norway) AS, which was formally declared before 30 June 2024.

Informed Sources (Europe) Ltd (Registered number: SC384641)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 40,102 64,693
Amounts owed by group undertakings 166,958 34,650
Other debtors 1,692 2,215
208,752 101,558

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 108,781 23,304
Taxation and social security 1,906 2,083
Other creditors 56,528 45,758
167,215 71,145

8. RELATED PARTY DISCLOSURES

Balances due from/(to) subsidiary companies were as follows:

At 30 June 2024 2023
Informed Sources International (Pty) Ltd 162,695 33,176
Informed Sources Ltd 4,263 1,474

Intercompany loans are unsecured, interest free and have no fixed terms of repayment.

In addition to intercompany loan balances, Informed Sources (Europe) Ltd purchased goods from other group companies and had creditor balances with them.

At 30 June 2024 2023
Informed Sources (Polska) Sp (100,043 ) (19,768 )
Informed Sources (Australia) Pty Ltd (2,081 )
Informed Sources (Malaysia) Sdn Bhd (5,871 )

9. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking of Informed Sources (Europe) Limited is Informed Sources (International) Pty Limited which is incorporated in Australia.

The ultimate parent undertaking of Informed Sources (Europe) Limited is Informed Sources Pty Limited which is incorporated in Australia.

The ultimate controlling party of Informed Sources (Europe) Limited is Alan & Nicola Cadd by virtue of their shareholding in Informed Sources Pty Limited.