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REGISTERED NUMBER: SC574266 (Scotland)




















Informed Sources Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Informed Sources Limited (Registered number: SC574266)






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 Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: A S Cadd





REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
EH3 6AT





REGISTERED NUMBER: SC574266 (Scotland)





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

Informed Sources Limited (Registered number: SC574266)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,170 -

CURRENT ASSETS
Debtors 5 507 2,177

CREDITORS
Amounts falling due within one year 6 5,562 2,992
NET CURRENT LIABILITIES (5,055 ) (815 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,885

)

(815

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (3,887 ) (817 )
(3,885 ) (815 )

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 Limited (Registered number: SC574266)

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 Limited (Registered number: SC574266)

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

1. STATUTORY INFORMATION

Informed Sources Limited 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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.

Taxation
Taxation for the year comprises of current 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 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.

Informed Sources Limited (Registered number: SC574266)

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

2. ACCOUNTING POLICIES - continued

Going concern
The accounts have been prepared on a going concern basis which assumes that the company will continue to trade for the foreseeable future. In order to do so the company will require the continued support of its parent company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 1,300
At 30 June 2024 1,300
AMORTISATION
Charge for year 130
At 30 June 2024 130
NET BOOK VALUE
At 30 June 2024 1,170

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 484 2,154
Other debtors 23 23
507 2,177

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 4,263 1,474
Other creditors 1,299 1,518
5,562 2,992

Informed Sources Limited (Registered number: SC574266)

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

7. RELATED PARTY TRANSACTIONS

Included in debtors is a £484 balance due from Informed Sources (International) (2023: £2,154).

Included in creditors is a £4,263 balance due to Informed Sources (Europe) (2023: £1,474).

8. ULTIMATE CONTROLLING PARTY

The immediate parent undertaking of Informed Sources Ltd is Informed Sources (Europe) Limited which is incorporated in the United Kingdom.

The ultimate parent undertaking of Informed Sources Ltd is Informed Sources Pty Limited which is incorporated in Australia.

The ultimate controlling party of Informed Sources Ltd is Alan and Nicola Cadd by virtue of their shareholding in Informed Sources Pty Limited.