| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| IN2 ACCESS & CONTROL LIMITED |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Capital redemption reserve | 9 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 5. | TANGIBLE FIXED ASSETS |
| Freehold | Plant and |
| property | machinery | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 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 |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| 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 | 942,576 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Purchase of own shares | ( |
) | 13 | (98,472 | ) |
| At 31 December 2024 | 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. |
| Chartered Accountants |
| 7 Lower Brook Street |
| Oswestry |
| Shropshire |
| SY11 2HG |