BrightAccountsProduction v1.0.0 v1.0.0 2023-11-07 The company was not dormant during the period The company was trading for the entire period The principal activity of the entity is that of engineering related scientific and technical consulting activities. 4 August 2025 15265037 2024-12-31 15265037 2023-11-06 15265037 2023-11-07 2024-12-31 15265037 uk-bus:PrivateLimitedCompanyLtd 2023-11-07 2024-12-31 15265037 uk-curr:PoundSterling 2023-11-07 2024-12-31 15265037 uk-bus:SmallCompaniesRegimeForAccounts 2023-11-07 2024-12-31 15265037 uk-bus:FullAccounts 2023-11-07 2024-12-31 15265037 uk-bus:Director1 2023-11-07 2024-12-31 15265037 uk-bus:RegisteredOffice 2023-11-07 2024-12-31 15265037 uk-bus:Agent1 2023-11-07 2024-12-31 15265037 uk-bus:AuditExemptWithAccountantsReport 2023-11-07 2024-12-31 15265037 uk-core:ShareCapital 2024-12-31 15265037 uk-core:RetainedEarningsAccumulatedLosses 2024-12-31 15265037 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-12-31 15265037 uk-bus:FRS102 2023-11-07 2024-12-31 15265037 uk-core:CurrentFinancialInstruments 2024-12-31 15265037 uk-core:WithinOneYear 2024-12-31 15265037 uk-core:EmployeeBenefits 2023-11-06 15265037 uk-core:EmployeeBenefits 2023-11-07 2024-12-31 15265037 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-12-31 15265037 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-12-31 15265037 uk-core:OtherDeferredTax 2024-12-31 15265037 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-12-31 15265037 uk-core:EmployeeBenefits 2024-12-31 15265037 uk-core:ParentEntities 2023-11-07 2024-12-31 15265037 uk-core:UltimateParent 2023-11-07 2024-12-31 15265037 2023-11-07 2024-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
IN2 Engineering London Limited
 
Unaudited Financial Statements
 
for the financial period from 7 November 2023 (date of incorporation) to 31 December 2024



IN2 Engineering London Limited
DIRECTOR AND OTHER INFORMATION

 
Director Barry Flynn (Appointed 7 November 2023)
 
 
Company Registration Number 15265037
 
 
Registered Office and Business Address 5 St. John‘s Lane
London
EC1M 4BH
 
 
Accountants Quarter
Chartered Accountants
St. Annes House
15 Church Street
Cathedral Quarter
Belfast
BT1 1PG
 
 
Bankers Revolut Business
  7 Westferry Circus
  E144HD



IN2 Engineering London Limited

CHARTERED ACCOUNTANTS REPORT
to the Director on the Compilation of the unaudited financial statements of IN2 Engineering London Limited
for the financial period from 7 November 2023 (date of incorporation) to 31 December 2024
 
In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial period from 7 November 2023 (date of incorporation) to 31 December 2024 as set out on pages  to 12 which comprise the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the director of IN2 Engineering London Limited, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Director that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its director for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Balance Sheet for the period ended 31 December 2024 your duty to ensure that IN2 Engineering London 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 loss of IN2 Engineering London Limited. You consider that IN2 Engineering London Limited is exempt from the statutory audit requirement for the financial period.
 
We have not been instructed to carry out an audit or a review of the financial statements of IN2 Engineering London Limited. For this reason, we have not verified the adequacy, 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.
 
 
 
__________________________________
QUARTER
Chartered Accountants
St. Annes House
15 Church Street
Cathedral Quarter
Belfast
BT1 1PG
 
4 August 2025



IN2 Engineering London Limited
Company Registration Number: 15265037
BALANCE SHEET
as at 31 December 2024

Dec 24
Notes £
 
Fixed Assets
Intangible assets 7 6,682
─────────
 
Current Assets
Stocks 8 220,000
Debtors 9 310,538
Cash and cash equivalents 151,225
─────────
681,763
─────────
Creditors: amounts falling due within one year 10 (737,064)
─────────
Net Current Liabilities (55,301)
─────────
Total Assets less Current Liabilities (48,619)
 
Provisions for liabilities 12 9,364
─────────
Net Liabilities (39,255)
═════════
 
Capital and Reserves
Called up share capital 90
Retained earnings (39,345)
─────────
Equity attributable to owners of the company (39,255)
═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
       
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
       
For the financial period from 7 November 2023 (date of incorporation) to 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
       
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
       
Approved by the Director and authorised for issue on 4 August 2025
       
       
________________________________      
Barry Flynn      
Director      
       



IN2 Engineering London Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial period from 7 November 2023 (date of incorporation) to 31 December 2024

   
1. General Information
 
IN2 Engineering London Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 15265037. The registered office of the company is 5 St. John‘s Lane, London, EC1M 4BH which is also the principal place of business of the company. The principal activity of the entity is that of engineering related scientific and technical consulting activities. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Intangible assets
 
Software License
Software License are valued at cost less accumulated amortisation.
 
Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 3 years.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The financial statements are for the 13 month 25 days period from 7 November 2023 (date of incorporation) to 31 December 2024.
   
4. Going concern
 
The balance sheet shows a deficiency of assets of £39,255 as at 31st December 2024. The financial statements are prepared on the going concern basis. The company remains reliant upon the support of it's Group companies.
   
5. Statement on previous periods
 
The company did not present financial statements for previous periods.
     
6. Employees
 
The average monthly number of employees, including director, during the financial period was 7.
 
  Dec 24
  Number
 
Director 1
Employees 6
  ─────────
  7
  ═════════
       
7. Intangible assets
  Software License  
    Total
  £ £
Cost
At 7 November 2023 - -
Additions 9,404 9,404
  ───────── ─────────
At 31 December 2024 9,404 9,404
  ───────── ─────────
Amortisation
Charge for financial period 2,722 2,722
  ───────── ─────────
At 31 December 2024 2,722 2,722
  ───────── ─────────
Net book value
At 31 December 2024 6,682 6,682
  ═════════ ═════════
     
8. Stocks Dec 24
  £
 
Work in progress 220,000
  ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
     
9. Debtors Dec 24
  £
 
Trade debtors 278,085
Prepayments and accrued income 32,453
  ─────────
  310,538
  ═════════
     
10. Creditors Dec 24
Amounts falling due within one year £
 
Trade creditors 92,899
Amounts owed to group undertakings (Note 14) 569,639
Taxation  (Note 11) 72,026
Accruals 2,500
  ─────────
  737,064
  ═════════
     
11. Taxation Dec 24
  £
 
Creditors:
VAT 62,232
PAYE / NI 9,794
  ─────────
  72,026
  ═════════
       
12. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Losses Total
     
     
    Dec 24
  £ £
 
At financial period start - -
Charged to profit and loss (9,364) (9,364)
  ───────── ─────────
At financial period end (9,364) (9,364)
  ═════════ ═════════
     
13. Capital commitments
 
The company had no material capital commitments at the financial period-ended 31 December 2024.
         
14. Related party transactions
 
Transactions with group companies include...

IN2 Design Engineering Limited

Net transactions between the two companies during the year totalled £434,215.
As at 31 December 2024, IN2 Design Engineering London Limited owed IN2 Design Engineering Limited £434,215 , this is included within amounts falling due within one year.


IN2 Design Partnership Limited

Net transactions between the two companies during the year totalled £135,424.
As at 31 December 2024, IN2 Design Engineering London Limited owed IN2 Design Partnership Limited £135,424, this is included within amounts falling due within one year.
       
Transactions and balances with group companies:
    Dec 24
    £
 
Group Undertaking Creditors
 
IN2 Design Engineering Ltd   434,215
IN2 Design Partnership Ltd   135,424
    ─────────
    569,639
    ═════════
   
15. Parent and ultimate parent company
 
The company regards IN2 Design Engineering Holdings Limited as its parent company. The address of IN2 Design Engineering Holdings Limited is 2nd Floor, 5-23 Hill Street, Belfast, Northern Ireland, BT1 2LA.
 
The companys ultimate parent undertaking is IN2 Design Partnership Holdings Ltd.
The address of IN2 Design Partnership Holdings Ltd is Unit E Mountpleasant Business Centre Mountpleasant Avenue Ireland D06 P5N8.

 
   
16. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial period-end.