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REGISTERED NUMBER: 02890455 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SUBSIGHT SURVEYS LIMITED

SUBSIGHT SURVEYS LIMITED (REGISTERED NUMBER: 02890455)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SUBSIGHT SURVEYS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2025







DIRECTORS: I S Pratt
D T Clarke
A M T Websdale





REGISTERED OFFICE: Unit 5 Braunston Business Park
London Road
Braunston
Daventry
Northamptonshire
NN11 7HB





REGISTERED NUMBER: 02890455 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

SUBSIGHT SURVEYS LIMITED (REGISTERED NUMBER: 02890455)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 70,673 34,156

CURRENT ASSETS
Debtors 5 372,673 215,245
Cash at bank 70,240 95,642
442,913 310,887
CREDITORS
Amounts falling due within one year 6 (160,481 ) (153,533 )
NET CURRENT ASSETS 282,432 157,354
TOTAL ASSETS LESS CURRENT
LIABILITIES

353,105

191,510

CREDITORS
Amounts falling due after more than one
year

7

(11,047

)

-

PROVISIONS FOR LIABILITIES 10 (11,319 ) (8,539 )
NET ASSETS 330,739 182,971

CAPITAL AND RESERVES
Called up share capital 90 90
Capital redemption reserve 10 10
Retained earnings 330,639 182,871
SHAREHOLDERS' FUNDS 330,739 182,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2025 and were signed on its behalf by:




I S Pratt - Director


SUBSIGHT SURVEYS LIMITED (REGISTERED NUMBER: 02890455)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025


1. STATUTORY INFORMATION

Subsight Surveys Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02890455 and its registered office is Unit 5 Braunston Business Park, London Road, Braunston, Daventry, Northamptonshire, NN11 7HB.

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.

The presentational currency of the financial statements is pound sterling and figures are rounded to the nearest £1.

Turnover
Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Short leasehold land & buildings- 20% straight line
Plant and machinery - 25% straight line
Fixtures and fittings- 25% straight line
Computer equipment- 25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

SUBSIGHT SURVEYS LIMITED (REGISTERED NUMBER: 02890455)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025


2. ACCOUNTING POLICIES - continued

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Operating leases
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments 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.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

SUBSIGHT SURVEYS LIMITED (REGISTERED NUMBER: 02890455)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025


4. TANGIBLE FIXED ASSETS
Short
leasehold Fixtures
land & Plant and and Computer
buildings machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 13,849 196,877 11,150 29,321 251,197
Additions - 48,998 - 8,064 57,062
At 31 March 2025 13,849 245,875 11,150 37,385 308,259
DEPRECIATION
At 1 April 2024 13,849 162,987 11,069 29,136 217,041
Charge for year - 19,329 31 1,185 20,545
At 31 March 2025 13,849 182,316 11,100 30,321 237,586
NET BOOK VALUE
At 31 March 2025 - 63,559 50 7,064 70,673
At 31 March 2024 - 33,890 81 185 34,156

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 221,159 125,458
Amounts owed by group undertakings 147,356 82,545
Other debtors 4,158 7,242
372,673 215,245

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 8) 6,202 -
Trade creditors 32,661 34,786
Taxation and social security 118,429 112,892
Other creditors 3,189 5,855
160,481 153,533

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Hire purchase contracts (see note 8) 11,047 -

SUBSIGHT SURVEYS LIMITED (REGISTERED NUMBER: 02890455)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2025 2024
£    £   
Net obligations repayable:
Within one year 6,202 -
Between one and five years 11,047 -
17,249 -

Non-cancellable
operating leases
2025 2024
£    £   
Within one year 41,149 7,244
Between one and five years 25,038 -
66,187 7,244

Hire purchase liability secured against the asset to which the liability relates.

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase 17,249 -

The hire purchase liability is secured against the asset to which the liability relates.

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 11,319 8,539

Deferred
tax
£   
Balance at 1 April 2024 8,539
Provided during year 2,780
Balance at 31 March 2025 11,319