IRIS Accounts Production v25.2.0.378 03104801 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031048012023-12-31031048012024-12-31031048012024-01-012024-12-31031048012022-12-31031048012023-01-012023-12-31031048012023-12-3103104801ns15:EnglandWales2024-01-012024-12-3103104801ns14:PoundSterling2024-01-012024-12-3103104801ns10:Director12024-01-012024-12-3103104801ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3103104801ns10:SmallEntities2024-01-012024-12-3103104801ns10:AuditExemptWithAccountantsReport2024-01-012024-12-3103104801ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3103104801ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3103104801ns10:FullAccounts2024-01-012024-12-310310480112024-01-012024-12-3103104801ns10:Director22024-01-012024-12-3103104801ns10:Director32024-01-012024-12-3103104801ns10:RegisteredOffice2024-01-012024-12-3103104801ns5:CurrentFinancialInstruments2024-12-3103104801ns5:CurrentFinancialInstruments2023-12-3103104801ns5:ShareCapital2024-12-3103104801ns5:ShareCapital2023-12-3103104801ns5:RetainedEarningsAccumulatedLosses2024-12-3103104801ns5:RetainedEarningsAccumulatedLosses2023-12-3103104801ns5:NetGoodwill2024-01-012024-12-3103104801ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3103104801ns5:FurnitureFittings2024-01-012024-12-3103104801ns5:ComputerEquipment2024-01-012024-12-3103104801ns5:NetGoodwill2023-12-3103104801ns5:NetGoodwill2024-12-3103104801ns5:NetGoodwill2023-12-3103104801ns5:FurnitureFittings2023-12-3103104801ns5:ComputerEquipment2023-12-3103104801ns5:FurnitureFittings2024-12-3103104801ns5:ComputerEquipment2024-12-3103104801ns5:FurnitureFittings2023-12-3103104801ns5:ComputerEquipment2023-12-3103104801ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3103104801ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
















Strategic Research and Insight Ltd

Financial Statements for the Year Ended 31 December 2024






Strategic Research and Insight Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: A J Lydall
D I Thorley
S J Pritchard





REGISTERED OFFICE: 4 Park Court Mews
Park Place
Cardiff
CF10 3DQ





REGISTERED NUMBER: 03104801 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA
1
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Strategic Research and Insight Ltd


The following reproduces the text of the report prepared for the directors 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 Directors 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 Strategic Research and Insight Ltd for the year ended 31 December 2024 which comprise the Profit and Loss Account, Balance Sheet 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Strategic Research and Insight Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Strategic Research and Insight Ltd and state those matters that we have agreed to state to the Board of Directors of Strategic Research and Insight Ltd, as a body, in this report in accordance with icaew/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Strategic Research and Insight Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Strategic Research and Insight 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 Strategic Research and Insight Ltd. You consider that Strategic Research and Insight 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 Strategic Research and Insight 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.






BPU Limited
Chartered Accountants


29 September 2025

This page does not form part of the statutory financial statements

2
Strategic Research and Insight Ltd (Registered number: 03104801)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 8,791 11,913
8,791 11,913

CURRENT ASSETS
Work in progress 13,278 13,574
Debtors 5 178,488 118,709
Cash at bank and in hand 212,792 227,084
404,558 359,367
CREDITORS
Amounts falling due within one year 6 152,447 79,666
NET CURRENT ASSETS 252,111 279,701
TOTAL ASSETS LESS CURRENT
LIABILITIES
260,902
291,614

PROVISIONS FOR DEFERRED TAX 2,200 3,000
NET ASSETS 258,702 288,614

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 258,402 288,314
SHAREHOLDERS' FUNDS 258,702 288,614

The notes form part of these financial statements

3
Strategic Research and Insight Ltd (Registered number: 03104801)

Balance Sheet - continued
31 December 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 29 September 2025 and were signed on its behalf by:





D I Thorley - Director


The notes form part of these financial statements

4
Strategic Research and Insight Ltd (Registered number: 03104801)

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


1. 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 represents the value of goods and services supplied in the year by the company, net of value added tax and trade discounts.

Goodwill
Goodwill is being written off in equal instalments over its useful economic life of 4 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer Equipment - 33% straight line
Office equipment - 25% reducing balance

Taxation
Taxation for the year comprises current and deferred 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.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

5
Strategic Research and Insight Ltd (Registered number: 03104801)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


1. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs
The company operates a defined contribution pension scheme. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company.

Work in progress
Work in progress is valued by reference to the stage of completion at the year end and recognises the appropriate profit element.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 250,000
AMORTISATION
At 1 January 2024
and 31 December 2024 250,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

6
Strategic Research and Insight Ltd (Registered number: 03104801)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


4. TANGIBLE FIXED ASSETS
Computer Office
Equipment equipment Totals
£    £    £   
COST
At 1 January 2024 45,646 50,726 96,372
Additions 3,882 - 3,882
At 31 December 2024 49,528 50,726 100,254
DEPRECIATION
At 1 January 2024 37,711 46,748 84,459
Charge for year 6,009 995 7,004
At 31 December 2024 43,720 47,743 91,463
NET BOOK VALUE
At 31 December 2024 5,808 2,983 8,791
At 31 December 2023 7,935 3,978 11,913

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 167,862 112,138
Other debtors & prepayments 10,626 6,571
178,488 118,709

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,813 597
Taxes & social security costs 132,634 60,370
Other creditors & accruals 4,000 18,699
152,447 79,666

7. TOTAL FINANCIAL COMMITMENTS

The company had total commitments at the balance sheet date of £28,333 (2023 - £48,333).

7