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Registered number: 11206357
Iresearch Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—7
Page 1
Statement of Financial Position
Registered number: 11206357
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,679 6,269
Tangible Assets 5 20,958 32,985
25,637 39,254
CURRENT ASSETS
Debtors 6 373,889 488,531
Investments 7 5,975 10,500
Cash at bank and in hand 504,891 657,408
884,755 1,156,439
Creditors: Amounts Falling Due Within One Year 8 (227,921 ) (390,263 )
NET CURRENT ASSETS (LIABILITIES) 656,834 766,176
TOTAL ASSETS LESS CURRENT LIABILITIES 682,471 805,430
Creditors: Amounts Falling Due After More Than One Year 9 (147,548 ) (228,132 )
NET ASSETS 534,923 577,298
CAPITAL AND RESERVES
Called up share capital 10 100 100
Capital redemption reserve 82,352 101,768
Income Statement 452,471 475,430
SHAREHOLDERS' FUNDS 534,923 577,298
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr YOGESH SHAH
Director
18/08/2025
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Iresearch Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11206357 . The registered office is North West House, 119 Marylebone Road, London, NW1 5PU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Computer Software. It is amortised evenly over the estimated useful life of ten years.
 Computer software is being amortised evenly over the estimated useful life of ten years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 15% on cost
Fixtures & Fittings 15% on cost
Computer Equipment 15% on cost
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2.5. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
At 31 March 2025 the company had the following future minimum lease payments under
noncancellable operating leases for each of the following periods:
- Not later than one year £21,055.28
2.6. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including ransaction costs and are subsequently carried at amortised cost using the effective interest method 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.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Basic financial liabilities, including 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.
Financial assets are derecognised when the contractual rights to the cash flow expire or when substantially all the risks and rewards have been transferred.
Financial liabilities are derecognised when then contractual obligations to make payments have expired.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Taxation
Taxation for the year comprises current tax. 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 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.
2.9. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
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2.10. Statutory information
iResearch Services Limited is a private company, limited by shares, registered in England and Wales, registration number
11206357. The registered office is North West House, 119 Marylebone Road, London, NW1 5PU, England.
2.11. Compliance with accounting standards
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "TheFinancialReporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2024: 18)
13 18
4. Intangible Assets
Other
£
Cost
As at 1 April 2024 10,597
As at 31 March 2025 10,597
Amortisation
As at 1 April 2024 4,328
Provided during the period 1,590
As at 31 March 2025 5,918
Net Book Value
As at 31 March 2025 4,679
As at 1 April 2024 6,269
5. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 72,911 640 41,737 115,288
Additions - - 1,774 1,774
As at 31 March 2025 72,911 640 43,511 117,062
...CONTINUED
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Depreciation
As at 1 April 2024 65,471 180 16,652 82,303
Provided during the period 7,440 96 6,265 13,801
As at 31 March 2025 72,911 276 22,917 96,104
Net Book Value
As at 31 March 2025 - 364 20,594 20,958
As at 1 April 2024 7,440 460 25,085 32,985
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 223,857 374,519
Prepayments and accrued income 29,620 54,605
Other debtors 98,357 -
Corporation tax recoverable assets 1,995 -
VAT 9,367 -
Directors' loan accounts 10,693 3,314
Amounts owed by group undertakings - 56,093
373,889 488,531
7. Current Asset Investments
2025 2024
£ £
Short term deposits 5,975 10,500
5,975 10,500
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 10,564 187,248
Corporation tax - 3,755
Other taxes and social security 66,221 51,473
VAT - 6,187
Net wages 69,199 68,502
Other creditors 74,768 21,317
Accruals and deferred income 7,169 51,781
227,921 390,263
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9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Amounts owed to group undertakings 147,548 228,132
147,548 228,132
The loans from the parent company are interest free, unsecured and repayable by 13 February 2028.
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
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