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INVISIBLE SYSTEMS GROUP LIMITED

Registered Number
12030447
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

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

Directors

KEANE, Robert Simon
MATHIAS, Christopher Anthony

Company Secretary

MATHIAS, Mark Anthony

Registered Address

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

Registered Number

12030447 (England and Wales)
INVISIBLE SYSTEMS GROUP LIMITED
Statement of Financial Position
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets33,999,9993,999,999
Investments47575
4,000,0744,000,074
Current assets
Debtors51,122,740761,361
Cash at bank and on hand250,000159,937
1,372,740921,298
Creditors amounts falling due within one year6(5,833)-
Net current assets (liabilities)1,366,907921,298
Total assets less current liabilities5,366,9814,921,372
Creditors amounts falling due after one year7(3,687,323)(2,972,905)
Net assets1,679,6581,948,467
Capital and reserves
Called up share capital3,000,0003,000,000
Profit and loss account(1,320,342)(1,051,533)
Shareholders' funds1,679,6581,948,467
The financial statements were approved and authorised for issue by the Board of Directors on 10 June 2025, and are signed on its behalf by:
KEANE, Robert Simon
Director
Registered Company No. 12030447
INVISIBLE SYSTEMS GROUP 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.
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.
Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
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.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year22
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 October 233,999,9993,999,999
At 30 September 243,999,9993,999,999
Net book value
At 30 September 243,999,9993,999,999
At 30 September 233,999,9993,999,999
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 October 237575
At 30 September 247575
Net book value
At 30 September 247575
At 30 September 237575

Notes

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

2024

2023

££
Amounts owed by group undertakings1,122,740761,361
Total1,122,740761,361
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due within one year

2024

2023

££
Accrued liabilities and deferred income5,833-
Total5,833-
7.Creditors: amounts due after one year

2024

2023

££
Other creditors3,687,3232,972,905
Total3,687,3232,972,905
Other creditors represents a directors loan account and shareholder loan.
8.Related party transactions
On 1 October 2023 the company owed related parties £2,972,905. Interest was accrued on this loan of £214,418 in the year. At the 30 September 2024 the company owed related parties £3,187,323. During the year, a separate loan was advanced to the company by a related party of £500,000. In total the company owed related parties £3,687,323. These loans are not repayable on demand.
9.Parent-subsidiary relationships
The company, and the group headed by it, qualify as a small group as such the parent and the group are exempt from producing group accounts.