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REGISTERED NUMBER: 04828234 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

INTERACTIVE SPECIAL PROJECTS LIMITED

INTERACTIVE SPECIAL PROJECTS LIMITED (REGISTERED NUMBER: 04828234)






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


INTERACTIVE SPECIAL PROJECTS LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTORS: D Fenlon
P Frain





REGISTERED OFFICE: Unit 3, Harcourt Industrial Estate
Harcourt Street
Worsley
Manchester
M28 3GN





REGISTERED NUMBER: 04828234 (England and Wales)





ACCOUNTANTS: Connaughton & Co
2nd Floor, Boulton House
17-21 Chorlton Street
Manchester
M1 3HY

INTERACTIVE SPECIAL PROJECTS LIMITED (REGISTERED NUMBER: 04828234)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 3,595
Tangible assets 5 67,951 51,379
67,951 54,974

CURRENT ASSETS
Stocks 96,993 100,762
Debtors 6 470,104 398,133
Cash at bank and in hand 488,174 236,488
1,055,271 735,383
CREDITORS
Amounts falling due within one year 7 498,813 225,990
NET CURRENT ASSETS 556,458 509,393
TOTAL ASSETS LESS CURRENT
LIABILITIES

624,409

564,367

CREDITORS
Amounts falling due after more than one
year

8

(16,491

)

-

PROVISIONS FOR LIABILITIES 9 (8,257 ) (3,926 )
NET ASSETS 599,661 560,441

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 599,561 560,341
SHAREHOLDERS' FUNDS 599,661 560,441

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 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.

INTERACTIVE SPECIAL PROJECTS LIMITED (REGISTERED NUMBER: 04828234)

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 Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





D Fenlon - Director


INTERACTIVE SPECIAL PROJECTS LIMITED (REGISTERED NUMBER: 04828234)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Interactive Special Projects 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

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.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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.

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.

INTERACTIVE SPECIAL PROJECTS LIMITED (REGISTERED NUMBER: 04828234)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

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 July 2023
and 30 June 2024 40,228
AMORTISATION
At 1 July 2023 36,633
Charge for year 3,595
At 30 June 2024 40,228
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 3,595

INTERACTIVE SPECIAL PROJECTS LIMITED (REGISTERED NUMBER: 04828234)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 50,412 87,629 138,041
Additions - 48,230 48,230
Disposals - (52,557 ) (52,557 )
At 30 June 2024 50,412 83,302 133,714
DEPRECIATION
At 1 July 2023 23,158 63,504 86,662
Charge for year 5,041 9,236 14,277
Eliminated on disposal - (35,176 ) (35,176 )
At 30 June 2024 28,199 37,564 65,763
NET BOOK VALUE
At 30 June 2024 22,213 45,738 67,951
At 30 June 2023 27,254 24,125 51,379

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023 20,250
Additions 21,800
Disposals (20,250 )
At 30 June 2024 21,800
DEPRECIATION
At 1 July 2023 13,843
Charge for year 1,363
Eliminated on disposal (13,843 )
At 30 June 2024 1,363
NET BOOK VALUE
At 30 June 2024 20,437
At 30 June 2023 6,407

INTERACTIVE SPECIAL PROJECTS LIMITED (REGISTERED NUMBER: 04828234)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 412,744 346,122
Amounts owed by group undertakings 335 381
Other debtors - 3,429
VAT 43,142 30,795
Prepayments and accrued income 13,883 17,406
470,104 398,133

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 1,574 11,445
Trade creditors 351,126 132,986
Tax 39,571 14,637
Social security and other taxes 24,808 24,966
Other creditors 2,402 2,273
Subcontractors control account 63,175 30,324
Accruals and deferred income 16,157 9,359
498,813 225,990

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 16,491 -

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 8,257 3,926

Deferred
tax
£   
Balance at 1 July 2023 3,926
Accelerated capital allowances 4,331
Balance at 30 June 2024 8,257

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

INTERACTIVE SPECIAL PROJECTS LIMITED (REGISTERED NUMBER: 04828234)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

11. RESERVES
Retained
earnings
£   

At 1 July 2023 560,341
Profit for the year 137,452
Transfers re Interactive (Employee
Ownership Trust) Limited

(98,232

)

At 30 June 2024 599,561

12. CONTINGENT LIABILITIES

Mr D Fenlon holds a fixed and floating charge over the undertakings of the company in respect of the 7% fixed rate loan notes issued by Interactive (Employee Ownership Trust) Limited, the company's ultimate controlling party. Loan notes of £628,000 (30.6.23 - £748,000) were outstanding at the balance sheet date.

13. RELATED PARTY DISCLOSURES

At the year-end the company was owed £335 (30.6.23 - £381) by Interactive Securities Limited, the parent company of Interactive Special Projects Limited. During the year management charges of £830 (30.6.23 - £720) were paid to Interactive Securities Limited.

During the year consultancy fees of £82,228 (30.6.23 - £73,349) were paid to Bremelle Limited, a company which is controlled by Mr D Fenlon.

14. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party at the balance sheet date was the board of trustees of Interactive (Employee Ownership Trust) Limited by virtue of their majority shareholding in the parent company, Interactive Securities Limited. The company continues to be run and managed on a day-to-day basis by the board of directors.