IRIS Accounts Production v25.1.4.42 10412220 director 1.12.23 30.11.24 30.11.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104122202023-11-30104122202024-11-30104122202023-12-012024-11-30104122202022-11-30104122202022-12-012023-11-30104122202023-11-3010412220ns15:EnglandWales2023-12-012024-11-3010412220ns14:PoundSterling2023-12-012024-11-3010412220ns10:Director12023-12-012024-11-3010412220ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3010412220ns10:SmallEntities2023-12-012024-11-3010412220ns10:AuditExemptWithAccountantsReport2023-12-012024-11-3010412220ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3010412220ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3010412220ns10:FullAccounts2023-12-012024-11-301041222012023-12-012024-11-3010412220ns10:CompanySecretary12023-12-012024-11-3010412220ns10:RegisteredOffice2023-12-012024-11-3010412220ns5:CurrentFinancialInstruments2024-11-3010412220ns5:CurrentFinancialInstruments2023-11-3010412220ns5:Non-currentFinancialInstruments2024-11-3010412220ns5:Non-currentFinancialInstruments2023-11-3010412220ns5:ShareCapital2024-11-3010412220ns5:ShareCapital2023-11-3010412220ns5:RetainedEarningsAccumulatedLosses2024-11-3010412220ns5:RetainedEarningsAccumulatedLosses2023-11-3010412220ns5:NetGoodwill2023-12-012024-11-3010412220ns5:IntangibleAssetsOtherThanGoodwill2023-12-012024-11-3010412220ns5:NetGoodwill2023-11-3010412220ns5:NetGoodwill2024-11-3010412220ns5:NetGoodwill2023-11-3010412220ns5:PlantMachinery2023-11-3010412220ns5:PlantMachinery2023-12-012024-11-3010412220ns5:PlantMachinery2024-11-3010412220ns5:PlantMachinery2023-11-3010412220ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3010412220ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30
REGISTERED NUMBER: 10412220 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Insight For Knowledge Limited

Insight For Knowledge Limited (Registered number: 10412220)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Insight For Knowledge Limited

Company Information
for the Year Ended 30 November 2024







DIRECTOR: J B Chappelle





SECRETARY: Mrs T J Dales





REGISTERED OFFICE: Endeavour House
7 Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR





REGISTERED NUMBER: 10412220 (England and Wales)





ACCOUNTANTS: INSIGHT
Acorn House
Church Lane
Croft
Skegness
Lincolnshire
PE24 4RW

Insight For Knowledge Limited (Registered number: 10412220)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 68,957 75,852
Tangible assets 5 1,975 2,477
70,932 78,329

CURRENT ASSETS
Stocks 23,160 14,513
Debtors 6 10,714 21,595
Cash at bank and in hand 2,117 638
35,991 36,746
CREDITORS
Amounts falling due within one year 7 38,550 44,850
NET CURRENT LIABILITIES (2,559 ) (8,104 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,373

70,225

CREDITORS
Amounts falling due after more than one
year

8

(7,445

)

(17,901

)

PROVISIONS FOR LIABILITIES (375 ) (471 )
NET ASSETS 60,553 51,853

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 60,453 51,753
SHAREHOLDERS' FUNDS 60,553 51,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Insight For Knowledge Limited (Registered number: 10412220)

Balance Sheet - continued
30 November 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 director and authorised for issue on 28 July 2025 and were signed by:





J B Chappelle - Director


Insight For Knowledge Limited (Registered number: 10412220)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Insight For Knowledge Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Insight For Knowledge Limited (Registered number: 10412220)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 103,432
AMORTISATION
At 1 December 2023 27,580
Charge for year 6,895
At 30 November 2024 34,475
NET BOOK VALUE
At 30 November 2024 68,957
At 30 November 2023 75,852

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 5,024
DEPRECIATION
At 1 December 2023 2,547
Charge for year 502
At 30 November 2024 3,049
NET BOOK VALUE
At 30 November 2024 1,975
At 30 November 2023 2,477

Insight For Knowledge Limited (Registered number: 10412220)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 9,189 20,120
Other debtors 1,525 1,475
10,714 21,595

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 4,735 13,830
Trade creditors 501 750
Taxation and social security 18,414 16,870
Other creditors 14,900 13,400
38,550 44,850

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Other creditors 7,445 17,901

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Insight For Knowledge Limited

The following reproduces the text of the report prepared for the director 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 Director 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 Insight For Knowledge Limited for the year ended 30 November 2024 which comprise the Income Statement, Balance Sheet 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 director of Insight For Knowledge Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Insight For Knowledge Limited and state those matters that we have agreed to state to the director of Insight For Knowledge Limited 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 Insight For Knowledge Limited and its director for our work or for this report.

It is your duty to ensure that Insight For Knowledge 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 Insight For Knowledge Limited. You consider that Insight For Knowledge 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 Insight For Knowledge 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.






INSIGHT
Acorn House
Church Lane
Croft
Skegness
Lincolnshire
PE24 4RW


28 July 2025