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Company No: 06975112 (England and Wales)

INSIGHT SECURITY AND FACILITIES LTD

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

INSIGHT SECURITY AND FACILITIES LTD

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

INSIGHT SECURITY AND FACILITIES LTD

BALANCE SHEET

As at 31 October 2024
INSIGHT SECURITY AND FACILITIES LTD

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 3,300 4,400
Tangible assets 4 273,217 158,216
276,517 162,616
Current assets
Debtors
- due within one year 5 420,041 468,656
- due after more than one year 5 264,000 0
Cash at bank and in hand 138,424 571,258
822,465 1,039,914
Creditors: amounts falling due within one year 6 ( 154,171) ( 298,356)
Net current assets 668,294 741,558
Total assets less current liabilities 944,811 904,174
Provision for liabilities ( 23,190) ( 13,000)
Net assets 921,621 891,174
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 921,521 891,074
Total shareholders' funds 921,621 891,174

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Insight Security and Facilities Ltd (registered number: 06975112) were approved and authorised for issue by the Board of Directors on 10 July 2025. They were signed on its behalf by:

Gary Francis Hayter
Director
INSIGHT SECURITY AND FACILITIES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
INSIGHT SECURITY AND FACILITIES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Insight Security and Facilities Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on the following basis over its expected useful life, as follows:

Leasehold improvements 10 years straight line
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 35 35

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 November 2023 21,000 21,000
At 31 October 2024 21,000 21,000
Accumulated amortisation
At 01 November 2023 16,600 16,600
Charge for the financial year 1,100 1,100
At 31 October 2024 17,700 17,700
Net book value
At 31 October 2024 3,300 3,300
At 31 October 2023 4,400 4,400

4. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Office equipment Total
£ £ £ £ £
Cost
At 01 November 2023 0 41,536 228,162 16,210 285,908
Additions 105,882 17,553 88,669 420 212,524
Disposals 0 ( 3,562) ( 73,584) 0 ( 77,146)
At 31 October 2024 105,882 55,527 243,247 16,630 421,286
Accumulated depreciation
At 01 November 2023 0 24,726 90,081 12,885 127,692
Charge for the financial year 4,412 6,048 43,797 2,062 56,319
Disposals 0 ( 952) ( 34,990) 0 ( 35,942)
At 31 October 2024 4,412 29,822 98,888 14,947 148,069
Net book value
At 31 October 2024 101,470 25,705 144,359 1,683 273,217
At 31 October 2023 0 16,810 138,081 3,325 158,216

5. Debtors

2024 2023
£ £
Debtors: amounts falling due within one year
Trade debtors 365,369 453,214
Other debtors 54,672 15,442
420,041 468,656
Debtors: amounts falling due after more than one year
Other debtors 264,000 0

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 11,404 8,031
Taxation and social security 84,914 179,112
Other creditors 57,853 111,213
154,171 298,356

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
50 Ordinary A shares of £ 1.00 each 50 50
50 Ordinary B shares of £ 1.00 each 50 50
100 100