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Company Registration No. 04544998 (England and Wales)
Insight Automation Limited Unaudited accounts for the year ended 30 September 2024
Insight Automation Limited Unaudited accounts Contents
Page
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Insight Automation Limited Company Information for the year ended 30 September 2024
Directors
K A Lindqvist M-A H E Lindqvist R S Rai
Secretary
K A Lindqvist
Company Number
04544998 (England and Wales)
Registered Office
6 Pegasus Mews Stratton Business Park Biggleswade United Kingdom SG18 8QA United Kingdom
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Insight Automation Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
424,266 
410,346 
Current assets
Inventories
1,058,007 
1,203,198 
Debtors
1,185,713 
942,741 
Cash at bank and in hand
3,840,871 
3,178,503 
6,084,591 
5,324,442 
Creditors: amounts falling due within one year
(1,076,580)
(1,230,167)
Net current assets
5,008,011 
4,094,275 
Total assets less current liabilities
5,432,277 
4,504,621 
Creditors: amounts falling due after more than one year
(108,026)
(108,026)
Provisions for liabilities
Deferred tax
(44,250)
(41,530)
Net assets
5,280,001 
4,355,065 
Capital and reserves
Called up share capital
201 
201 
Profit and loss account
5,279,800 
4,354,864 
Shareholders' funds
5,280,001 
4,355,065 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by
K A Lindqvist Director Company Registration No. 04544998
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Insight Automation Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Insight Automation Limited is a private company, limited by shares, registered in England and Wales, registration number 04544998. The registered office is 6 Pegasus Mews, Stratton Business Park, Biggleswade, United Kingdom, SG18 8QA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
20% on cost
Fixtures & fittings
15% on reducing balance
Computer equipment
25% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax 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 tax 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 on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Insight Automation Limited Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 October 2023
218,676 
79,568 
256,722 
193,052 
106,590 
854,608 
Additions
- 
13,130 
43,820 
43,180 
2,615 
102,745 
Disposals
- 
(729)
(39,203)
- 
- 
(39,932)
At 30 September 2024
218,676 
91,969 
261,339 
236,232 
109,205 
917,421 
Depreciation
At 1 October 2023
- 
69,565 
117,866 
166,537 
90,294 
444,262 
Charge for the year
- 
5,420 
52,268 
10,454 
4,728 
72,870 
On disposals
- 
(725)
(23,252)
- 
- 
(23,977)
At 30 September 2024
- 
74,260 
146,882 
176,991 
95,022 
493,155 
Net book value
At 30 September 2024
218,676 
17,709 
114,457 
59,241 
14,183 
424,266 
At 30 September 2023
218,676 
10,003 
138,856 
26,515 
16,296 
410,346 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,107,485 
922,385 
Accrued income and prepayments
58,680 
- 
Other debtors
19,548 
20,356 
1,185,713 
942,741 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
230,035 
207,708 
Obligations under finance leases and hire purchase contracts
21,072 
16,294 
Trade creditors
445,556 
695,706 
Taxes and social security
336,399 
265,827 
Proposed dividends
30,150 
30,150 
Loans from directors
604 
3,957 
Accruals
12,764 
10,525 
1,076,580 
1,230,167 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
58,126 
58,126 
Non-equity preference shares
49,900 
49,900 
108,026 
108,026 
8
Average number of employees
During the year the average number of employees was 13 (2023: 13).
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