Company Registration No. 10880406 (England and Wales)
In-Sight Imaging Systems Ltd
Unaudited accounts
for the year ended 30 June 2024
In-Sight Imaging Systems Ltd
Unaudited accounts
Contents
In-Sight Imaging Systems Ltd
Company Information
for the year ended 30 June 2024
Director
MR TRISTAN WILLIAMS
Company Number
10880406 (England and Wales)
Registered Office
14 Teign View
Chudleigh Knighton
Devon
TQ13 0ER
United Kingdom
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons)
South Devon Accounting Ltd
6 Orchard Close
Ogwell
Newton Abbot
TQ12 6AL
In-Sight Imaging Systems Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
1,382
2,073
Cash at bank and in hand
-
1,698
Creditors: amounts falling due within one year
106
(699)
Net current assets
106
1,562
Total assets less current liabilities
1,488
3,635
Creditors: amounts falling due after more than one year
(3,690)
(5,334)
Net liabilities
(2,202)
(1,699)
Called up share capital
5
5
Profit and loss account
(2,207)
(1,704)
Shareholders' funds
(2,202)
(1,699)
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 11 January 2025 and were signed on its behalf by
MR TRISTAN WILLIAMS
Director
Company Registration No. 10880406
In-Sight Imaging Systems Ltd
Notes to the Accounts
for the year ended 30 June 2024
In-Sight Imaging Systems Ltd is a private company, limited by shares, registered in England and Wales, registration number 10880406. The registered office is 14 Teign View, Chudleigh Knighton, Devon, TQ13 0ER, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
33.3% Straight Line
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.
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
813
214
3,074
4,101
At 30 June 2024
813
214
3,074
4,101
At 1 July 2023
203
53
1,772
2,028
Charge for the year
204
487
-
691
At 30 June 2024
407
540
1,772
2,719
At 30 June 2024
406
(326)
1,302
1,382
At 30 June 2023
610
161
1,302
2,073
In-Sight Imaging Systems Ltd
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,878
2,560
Taxes and social security
-
3,827
Loans from directors
(3,607)
(6,482)
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).