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REGISTERED NUMBER: 06953376 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

IN2 ACCESS & CONTROL LIMITED

IN2 ACCESS & CONTROL LIMITED (REGISTERED NUMBER: 06953376)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

IN2 ACCESS & CONTROL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: D J Foreman
J Andrews





REGISTERED OFFICE: Unit 6a Mile Oak Industrial Estate
Maesbury Road
Oswestry
Shropshire
SY10 8GA





REGISTERED NUMBER: 06953376 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
7 Lower Brook Street
Oswestry
Shropshire
SY11 2HG

IN2 ACCESS & CONTROL LIMITED (REGISTERED NUMBER: 06953376)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 63,332 60,536

CURRENT ASSETS
Stocks 409,324 319,324
Debtors 6 380,415 288,541
Cash at bank 613,116 686,376
1,402,855 1,294,241
CREDITORS
Amounts falling due within one year 7 506,066 398,726
NET CURRENT ASSETS 896,789 895,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

960,121

956,051

PROVISIONS FOR LIABILITIES 14,435 13,428
NET ASSETS 945,686 942,623

CAPITAL AND RESERVES
Called up share capital 8 34 47
Capital redemption reserve 9 83 70
Retained earnings 9 945,569 942,506
SHAREHOLDERS' FUNDS 945,686 942,623

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

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

IN2 ACCESS & CONTROL LIMITED (REGISTERED NUMBER: 06953376)

BALANCE SHEET - continued
31 DECEMBER 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 9 June 2025 and were signed on its behalf by:





J Andrews - Director


IN2 ACCESS & CONTROL LIMITED (REGISTERED NUMBER: 06953376)

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

1. COMPANY INFORMATION

In2 Access & Control Limited is a private company limited by shares incorporated in England and Wales .
The registered office is Unit 6a, Mile Oak Industrial Estate, Maesbury Road, Oswestry, Shropshire, SY10
8GA.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

Going Concern
The financial statements have been prepared on a going concern basis as the directors are of the opinion that the Company will be able to pay its liabilities as and when they fall due.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost of valuation, net of
depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over
their useful lives on the following policies:

Land and building leasehold Over the period of the lease
Plant and machinery 20% straight line
Fixtures, fittings and equipment 25% straight line
Computer equipment 33% straight line
Motor vehicles 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is credited or charged to the profit and loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and
replacement cost, adjusted where applicable for any loss of service potential.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section
12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to
the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.

IN2 ACCESS & CONTROL LIMITED (REGISTERED NUMBER: 06953376)

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

3. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at
the dates of the transactions. At each reporting end date, monetary assets and liabilities that are
denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains
and losses arising on translation in the period are included in profit or loss.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 January 2024 70,948 257,159 328,107
Additions - 32,138 32,138
Disposals - (22,550 ) (22,550 )
At 31 December 2024 70,948 266,747 337,695
DEPRECIATION
At 1 January 2024 70,948 196,623 267,571
Charge for year - 29,342 29,342
Eliminated on disposal - (22,550 ) (22,550 )
At 31 December 2024 70,948 203,415 274,363
NET BOOK VALUE
At 31 December 2024 - 63,332 63,332
At 31 December 2023 - 60,536 60,536

IN2 ACCESS & CONTROL LIMITED (REGISTERED NUMBER: 06953376)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 357,631 273,459
Other debtors 22,784 15,082
380,415 288,541

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 253,917 159,996
Tax 65,724 73,623
Social security and other taxes 132,524 101,689
Other creditors 53,901 63,418
506,066 398,726

8. CALLED UP SHARE CAPITAL

Ordinary share capital: Issued and fully paid:
Ordinary shares of £1 each: 5 shares £5 (2023: 5 shares £5)
Ordinary A shares of £1 each 29 shares £29 (2023: 42 shares £42)

The Ordinary shares shall have one vote per share. They shall have the right to a dividend as declared for
that class of shares. On a liquidation, winding up or dissolution they shall be entitled to receive the amount
credited as paid up on each share and any surplus remaining available for distribution to shareholders. The
Ordinary shares are not redeemable.

The Ordinary A shares shall have no voting rights or right to attend or receive notice of any general meeting
of the company. They shall have the right to a dividend as declared for the class of share subject to the
approval of the holders of the Ordinary shares in the company. On a liquidation, winding up or dissolution
they shall be entitled to receive the amount credited as paid up on each share and any surplus remaining
available for distribution to shareholders. The Ordinary A shares are not redeemable.

During the year, there was a company repurchase of own shares of 13 Ordinary A shares.

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2024 942,506 70 942,576
Profit for the year 199,048 199,048
Dividends (97,500 ) (97,500 )
Purchase of own shares (98,485 ) 13 (98,472 )
At 31 December 2024 945,569 83 945,652

10. OTHER FINANCIAL COMMITMENTS

At the reporting end date the company had outstanding commitments for future minimum lease payments
under non-cancellable operating leases of £162,363 (2023: £201,765).

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
IN2 ACCESS & CONTROL LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of In2 Access & Control Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of In2 Access & Control Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of In2 Access & Control Limited and state those matters that we have agreed to state to the Board of Directors of In2 Access & Control Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than In2 Access & Control Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that In2 Access & Control Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of In2 Access & Control Limited. You consider that In2 Access & Control Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of In2 Access & Control Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D.R.E. & Co. Limited
Chartered Accountants
7 Lower Brook Street
Oswestry
Shropshire
SY11 2HG


9 June 2025