Kids Insight Ltd.

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC407657

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,041		2,498

			7,041		2,498
CURRENT ASSETS
Debtors	5	21,471		11,489
Cash at bank and in hand		83		3,708

		21,554		15,197
Creditors: Amounts Falling Due Within One Year	6	(78,109 )		(38,179 )

NET CURRENT ASSETS (LIABILITIES)			(56,555 )		(22,982 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(49,514 )		(20,484 )

Creditors: Amounts Falling Due After More Than One Year	7		(5,200 )		(7,899 )

NET LIABILITIES			(54,714 )		(28,383 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(54,814 )		(28,483 )

SHAREHOLDERS' FUNDS			(54,714)		(28,383)

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Kids Insight Ltd.

Balance Sheet (continued)

As At 30 September 2024

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs S D Erasmuson

Director

13 January 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Kids Insight Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC407657 . The registered office is 15 Cherry Tree Park, Balerno, EH14 5AQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The company is in a net liability position at the yearend. The director has carried out an assessment of the going concern position of the Company. The director has concluded that they have a reasonable expectation that the company has adequate access to resources to continue as a going concern for a period of at least 12 months. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% straight line
Computer Equipment	25% straight line

3. Average Number of Employees

Average number of employees, including directors, during the year was: 47 (2023: 38)

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Kids Insight Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 October 2023	1,421	4,879	6,300
Additions	1,853	4,486	6,339

As at 30 September 2024	3,274	9,365	12,639

Depreciation
As at 1 October 2023	752	3,050	3,802
Provided during the period	322	1,474	1,796

As at 30 September 2024	1,074	4,524	5,598

Net Book Value
As at 30 September 2024	2,200	4,841	7,041

As at 1 October 2023	669	1,829	2,498

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	18,948	11,489
Other debtors	2,523	-

	21,471	11,489

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	4,660	1,509
Bank loans and overdrafts	14,234	2,101
Other creditors	52,094	32,104
Taxation and social security	7,121	2,465

	78,109	38,179

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	5,200	7,899

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Kids Insight Ltd.

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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