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INVISIBLE SYSTEMS HOLDINGS LIMITED

Registered Number
04911433
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

INVISIBLE SYSTEMS HOLDINGS LIMITED
Company Information
for the year from 1 October 2023 to 30 September 2024

Directors

KEANE, Robert Simon
MATHIAS, Christopher Anthony
MATHIAS, Mark Anthony

Registered Address

Lowry Mill, Fourth Floor Lees Street
Swinton
Manchester
M27 6DB

Registered Number

04911433 (England and Wales)
INVISIBLE SYSTEMS HOLDINGS LIMITED
Statement of Financial Position
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3295,000357,261
Investments433
295,003357,264
Current assets
Cash at bank and on hand6,6511,423
6,6511,423
Creditors amounts falling due within one year5(308,243)(279,558)
Net current assets (liabilities)(301,592)(278,135)
Total assets less current liabilities(6,589)79,129
Creditors amounts falling due after one year6(85,473)(103,050)
Net assets(92,062)(23,921)
Capital and reserves
Called up share capital7575
Other reserves2525
Profit and loss account(92,162)(24,021)
Shareholders' funds(92,062)(23,921)
The financial statements were approved and authorised for issue by the Board of Directors on 29 May 2025, and are signed on its behalf by:
KEANE, Robert Simon
Director
Registered Company No. 04911433
INVISIBLE SYSTEMS HOLDINGS LIMITED
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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 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.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows: Freehold Property - No depreciation
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 October 23357,261357,261
Revaluations(62,261)(62,261)
At 30 September 24295,000295,000
Net book value
At 30 September 24295,000295,000
At 30 September 23357,261357,261
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 October 2333
At 30 September 2433
Net book value
At 30 September 2433
At 30 September 2333

Notes

1Investments in group undertakings and participating interests
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts17,40017,400
Amounts owed to related parties290,843262,158
Total308,243279,558
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Bank borrowings and overdrafts are secured by fixed and floating charges over the assets of the company.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts85,473103,050
Total85,473103,050
Bank borrowings and overdrafts are secured by fixed and floating charges over the assets of the company.
7.Creditors: amounts due after 5 years
Bank loans repayable after more than five years amount to £16,220 (2023 : £33,720).
8.Contingent liabilities
Invisible Systems Holdings Limited is a member of a VAT group with Realtime Online Limited, Invisible Innovations Limited and Invisible Systems Limited and as such is joint and severally liable for VAT due from group activities. At 30 September 2024 the total amounts due to HMRC in respect of group VAT was £125,346.
9.Parent-subsidiary relationships
As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone. This company's parent undertaking is Invisible Systems Group Limited a company registered in England and Wales, company number 12030447.