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REGISTERED NUMBER: 08946421 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

BUSINESS INSIGHT 3 LTD

BUSINESS INSIGHT 3 LTD (REGISTERED NUMBER: 08946421)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


BUSINESS INSIGHT 3 LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Mr E A Kohut
Mr C M Eccles
Mr G Higson





SECRETARIES: Ms J York
Mrs C J Higson





REGISTERED OFFICE: Preston Technology Centre
Marsh Lane
Preston
Lancashire
PR1 8UQ





REGISTERED NUMBER: 08946421 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

BUSINESS INSIGHT 3 LTD (REGISTERED NUMBER: 08946421)

BALANCE SHEET
31 AUGUST 2024

31/8/24 31/8/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 11,667
Tangible assets 5 262,695 136,950
262,695 148,617

CURRENT ASSETS
Stocks 59,510 63,912
Debtors 6 487,552 306,405
Cash at bank and in hand 216,665 313,826
763,727 684,143
CREDITORS
Amounts falling due within one year 7 469,733 250,156
NET CURRENT ASSETS 293,994 433,987
TOTAL ASSETS LESS CURRENT
LIABILITIES

556,689

582,604

CREDITORS
Amounts falling due after more than one
year

8

(34,517

)

(62,130

)

PROVISIONS FOR LIABILITIES 9 (65,674 ) (34,292 )
NET ASSETS 456,498 486,182

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 456,298 485,982
SHAREHOLDERS' FUNDS 456,498 486,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

BUSINESS INSIGHT 3 LTD (REGISTERED NUMBER: 08946421)

BALANCE SHEET - continued
31 AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:




Mr G Higson - Director



Mr E A Kohut - Director


BUSINESS INSIGHT 3 LTD (REGISTERED NUMBER: 08946421)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Business Insight 3 Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

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.

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 - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

BUSINESS INSIGHT 3 LTD (REGISTERED NUMBER: 08946421)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 200,000
AMORTISATION
At 1 September 2023 188,333
Charge for year 11,667
At 31 August 2024 200,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 11,667

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 534 200,856 201,390
Additions - 243,274 243,274
Disposals - (65,280 ) (65,280 )
At 31 August 2024 534 378,850 379,384
DEPRECIATION
At 1 September 2023 - 64,440 64,440
Charge for year - 75,095 75,095
Eliminated on disposal - (22,846 ) (22,846 )
At 31 August 2024 - 116,689 116,689
NET BOOK VALUE
At 31 August 2024 534 262,161 262,695
At 31 August 2023 534 136,416 136,950

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors 471,081 293,941
Other debtors 16,471 12,464
487,552 306,405

BUSINESS INSIGHT 3 LTD (REGISTERED NUMBER: 08946421)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Bank loans and overdrafts 27,613 27,821
Trade creditors 241,467 130,143
Taxation and social security 60,593 70,096
Other creditors 140,060 22,096
469,733 250,156

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/8/24 31/8/23
£    £   
Bank loans 34,517 62,130

9. PROVISIONS FOR LIABILITIES
31/8/24 31/8/23
£    £   
Deferred tax 65,674 34,292

Deferred
tax
£   
Balance at 1 September 2023 34,292
Charge to Statement of Income and Retained Earnings during year 31,382
Balance at 31 August 2024 65,674

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/24 31/8/23
value: £    £   
75 Ordinary 'A' shares £1 75 75
25 Ordinary 'B' shares £1 25 25
100 Ordinary 'C - I' shares £1 100 100
200 200