Company registration number: 03949101
Unaudited financial statements
for the year ended 30 April 2025
for
Insight Medical Products Limited
Pages for filing with the Registrar
Company registration number: 03949101
Insight Medical Products Limited
Balance sheet
as at 30 April 2025
30 Apr 25 30 Apr 24
Note £ £ £ £
Fixed assets
Tangible assets 4 126,864 129,571
126,864 129,571
Current assets
Stocks 563,553 536,502
Debtors 315,268 309,435
Investments 1,467,028 1,465,796
Cash at bank and in hand 62,960 21,753
2,408,809 2,333,486
Creditors: amounts falling due within one
year
(254,047) (284,361)
Net current assets 2,154,762 2,049,125
Total assets less current liabilities 2,281,626 2,178,696
Creditors: Amounts falling due after more
than one year
(385,080) (521,559)
NET ASSETS 1,896,546 1,657,137
Capital and reserves
Called up share capital 1,000 1,000
Share premium account 41,950 41,950
Profit and loss account 1,853,596 1,614,187
TOTAL EQUITY 1,896,546 1,657,137
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 April 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 03949101
Insight Medical Products Limited
Balance sheet - continued
as at 30 April 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 24 June 2025 and signed on its behalf by:
Mr W Hillman, Director
24 June 2025
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Insight Medical Products Limited
Notes to the financial statements
for the year ended 30 April 2025
1 Company information
Insight Medical Products Limited is a private company registered in England and Wales. Its registered number is 03949101. The company is limited by shares. Its registered office is Unit 3 Priory Industrial Estate, Tetbury, GL8 8HZ.
2 Accounting policies
Basis of preparing the financial statements
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. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Insight Medical Products Limited
Notes to the financial statements - continued
for the year ended 30 April 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 22 (2024 - 19).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 May 2024 448,109
Additions 65,411
Disposals (126,088)
At 30 April 2025 387,432
Depreciation
At 1 May 2024 318,538
Charge for year 44,916
Eliminated on disposal (102,886)
At 30 April 2025 260,568
Net book value
At 30 April 2025 126,864
At 30 April 2024 129,571
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