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Registration number: 02879396

Interactive Science Limited
Unaudited Financial Statements
for the Year Ended 31 December 2024

Interactive Science Limited

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 5

Interactive Science Limited

(Registration number: 02879396)
Statement of Financial Position as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 3 | 1,068 | -
Current assets |  |  |
Debtors | 4 | 49,477 | 2,214
Cash at bank and in hand |  | 62,433 | 57,764
|  | 111,910 | 59,978
Creditors: Amounts falling due within one year | 5 | (89,522) | (39,694)
Net current assets |  | 22,388 | 20,284
Total assets less current liabilities |  | 23,456 | 20,284
Provisions for liabilities |  | (198) | -
Net assets |  | 23,258 | 20,284
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | 23,256 | 20,282
Shareholders' funds |  | 23,258 | 20,284

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

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 17 September 2025

......................................... Mr I M Russell Director |  |

Interactive Science Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a incorporated in England and Wales.

The address of its registered office is:
10 Knightwake Road
New Mills
High Peak
Cheshire
SK22 3DQ
United Kingdom

These financial statements were authorised for issue by the director on 17 September 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Interactive Science Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 15% on cost
Computer equipment | 33% on cost

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the statement of financial position. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.

Interactive Science Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

3 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 January 2024 | 27,550 | 27,550
Additions | 1,135 | 1,135
At 31 December 2024 | 28,685 | 28,685
Depreciation
At 1 January 2024 | 27,550 | 27,550
Charge for the year | 67 | 67
At 31 December 2024 | 27,617 | 27,617
Carrying amount
At 31 December 2024 | 1,068 | 1,068

4 | Debtors

Current | 2024 £ | 2023 £
Trade debtors | 20,447 | -
Prepayments | 25,334 | 1,288
Other debtors | 3,696 | 926
| 49,477 | 2,214

5 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Due within one year |  |
Trade creditors | 22,389 | -
Accruals and deferred income | 34,562 | 4,671
Other creditors | 32,571 | 35,023
| 89,522 | 39,694

Interactive Science Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).