Insight Software Edinburgh Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC503282 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Insight Software Edinburgh Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

DR C Barrett Freeman

REGISTERED OFFICE:

The Capital Building

2nd floor

12-13 St Andrews Square

EH2 2AF

REGISTERED NUMBER:

SC503282 (Scotland)

ACCOUNTANTS:

Goddard Accounting and Tax Solutions

Ben Loyal Lodge

25 Kenilworth Road

Bridge Of Allan

Stirling

FK9 4EH

FIXED ASSETS

Tangible assets

4

12,731

4,263

Investments

5

1

12,732

4,264

CURRENT ASSETS

Debtors

6

209,452

83,429

Cash at bank

124,346

102,439

333,798

185,868

CREDITORS

Amounts falling due within one year

7

156,640

56,838

NET CURRENT ASSETS

177,158

129,030

TOTAL ASSETS LESS CURRENT
LIABILITIES

189,890

133,294

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

189,790

133,194

SHAREHOLDERS' FUNDS

189,890

133,294

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 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.

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 25 September 2025 and were signed by:

DR C Barrett Freeman - Director

1.	STATUTORY INFORMATION

Insight Software Edinburgh Ltd is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets

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

Plant and machinery etc

-

50% on cost and 20% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current 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 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.

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 10 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

32,208

Additions

10,714

At 31 March 2025

42,922

DEPRECIATION

At 1 April 2024

27,945

Charge for year

2,246

At 31 March 2025

30,191

NET BOOK VALUE

At 31 March 2025

12,731

At 31 March 2024

4,263

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

312

-

Amounts owed by group undertakings

209,140

80,310

Other debtors

-

3,119

209,452

83,429

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

8,244

2,181

Taxation and social security

143,824

51,793

Other creditors

4,572

2,864

156,640

56,838

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

DR C Barrett Freeman

Balance outstanding at start of year

3,119

(25,767

)

Amounts advanced

-

28,886

Amounts repaid

(3,119

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

3,119

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £47,100 were paid to the director .

Director and shareholder, Dr Conrad Barrett-Freeman, is also a director of, and the ultimate controlling party for Rail BI UK LTD and YHGEP LTD.

During the year, the company provided software services to Rail BI UK LTD. The amount due from Rail BI UK LTD at 31 March 2025 is £206,866 (31 March 2024 - £71,000).

The company has paid for costs relating to YHGEP LTD. These costs are excluded from these company accounts, and included as amounts due from YHGEP LTD. Additionally, the company rented office space from YHGEP during the year. At 31 March 2025 the balance due from YHGEP LTD was £nil (31 March 2024 - £6,754).

Finally, the company paid for accounting fees in respect of it's wholly owned subsidiary, Insight Software International Ltd. As 31 March, Insight Software International Ltd owed the company £2,274 (31 March 2024 - £2,556).

10.	ULTIMATE CONTROLLING PARTY

The controlling party is DR C Barrett Freeman.

The ultimate controlling party is DR C Barrett Freeman.

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 Software Edinburgh Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of Insight Software Edinburgh Ltd in accordance with the terms of our engagement letter dated 25 May 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Insight Software Edinburgh Ltd and state those matters that we have agreed to state to the director of Insight Software Edinburgh Ltd in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. 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.

It is your duty to ensure that Insight Software Edinburgh Ltd 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 Software Edinburgh Ltd. You consider that Insight Software Edinburgh Ltd 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 Software Edinburgh Ltd. 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.

Goddard Accounting and Tax Solutions

Ben Loyal Lodge

25 Kenilworth Road

Bridge Of Allan

Stirling

FK9 4EH

25 September 2025