Ingenuity Financial Services Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Ingenuity Financial Services Limited

Balance Sheet

31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	33,022	53,974
Current assets
Debtors	5	125,442	80,236
Other financial assets	6	53,710	47,207
Cash at bank and in hand		164,554	39,266
		343,706	166,709
Creditors: Amounts falling due within one year	7	(73,241)	(33,962)
Net current assets		270,465	132,747
Total assets less current liabilities		303,487	186,721
Creditors: Amounts falling due after more than one year	7	(41,684)	(51,323)
Provisions for liabilities		-	419
Net assets		261,803	135,817
Capital and reserves
Called up share capital		100	100
Profit and loss account		261,703	135,717
Shareholders' funds		261,803	135,817

Ingenuity Financial Services Limited

Balance Sheet

31 March 2025

For the financial 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.

Directors' 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 directors acknowledge their 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 8 December 2025 and signed on its behalf by:
 

......................................... Mr T G Lewis Director

Company Registration Number: 05519706

Ingenuity Financial Services Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
41 Commercial Road
Poole
Dorset
BH14 0HU
England

These financial statements were authorised for issue by the Board on 8 December 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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, and rebates.

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

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 corporation 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.

Ingenuity Financial Services Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet 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
Computers	25% straight line
Motor vehicles	25% straight line

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Ingenuity Financial Services Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

Ingenuity Financial Services Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	8,566	82,767	91,333
At 31 March 2025	8,566	82,767	91,333
Depreciation
At 1 April 2024	8,046	29,313	37,359
Charge for the year	260	20,692	20,952
At 31 March 2025	8,306	50,005	58,311
Carrying amount
At 31 March 2025	260	32,762	33,022
At 31 March 2024	520	53,454	53,974

5

Debtors

	2025 £	2024 £
Trade debtors	2,140	5,022
Prepayments	4,182	6,425
Other debtors	119,120	68,789
	125,442	80,236

Ingenuity Financial Services Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

6	Other financial assets (current)

	Financial assets at valuation £	Total £
Current financial assets
Cost or valuation
At 1 April 2024	47,207	47,207
Revaluations	2,503	2,503
Additions	4,000	4,000
At 31 March 2025	53,710	53,710
Carrying amount
At 31 March 2025	53,710	53,710

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	9,639	9,639
Trade creditors		2,281	1,449
Taxation and social security		49,210	20,474
Accruals and deferred income		9,300	2,400
Other creditors		2,811	-
		73,241	33,962

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £9,639 (2024 - £9,639).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	41,684	51,323

Creditors include net obligations under finance lease and hire purchase contracts which are secured of £41,684 (2024 - £51,323).

Ingenuity Financial Services Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	41,684	51,323

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	9,639	9,639

9	Related party transactions

Summary of transactions with other related parties

The shareholders of the company are also directors and shareholders of Lewis Property Services (UK) Ltd and Lewis and Co (Investment & Pensions) Ltd. At the year end the amount due from these companies was £94,775 (2024 -£38,625).