People Insight Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05224597 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

People Insight Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Debenham

Mrs C E Debenham

G J Phillips

S Townsend

REGISTERED OFFICE:

International House

36-38 Cornhill

London

EC3V 3NG

REGISTERED NUMBER:

05224597 (England and Wales)

ACCOUNTANTS:

Tessa Davidson Limited

The Ashridge Business Centre

121 High Street

Berkhamsted

Hertfordshire

HP4 2DJ

FIXED ASSETS

Intangible assets

4

540,000

420,000

Tangible assets

5

52,971

64,028

Investments

6

5

592,976

484,033

CURRENT ASSETS

Debtors

7

772,158

1,293,584

Cash at bank and in hand

236,356

197,573

1,008,514

1,491,157

CREDITORS

Amounts falling due within one year

8

(1,698,644

)

(1,625,445

)

NET CURRENT LIABILITIES

(690,130

)

(134,288

)

TOTAL ASSETS LESS CURRENT

LIABILITIES

(97,154

)

349,745

PROVISIONS FOR LIABILITIES

9

(10,000

)

(12,200

)

NET (LIABILITIES)/ASSETS

(107,154

)

337,545

CAPITAL AND RESERVES

Called up share capital

10

23

Share premium

34,979

Capital redemption reserve

(599,998

)

(599,998

)

Retained earnings

457,842

902,541

SHAREHOLDERS' FUNDS

(107,154

)

337,545

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2025 and were signed on its behalf by:

T Debenham - Director

1.	STATUTORY INFORMATION

People Insight Limited is a private company, limited by shares , registered in England and Wales. 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.

Changes in accounting policies

The accounting policy for software licence sales has been changed to spread the revenue from the licence fee across the period of the licence.

The accounting policy for systems development costs has been changed to capitalise development costs and amortise them over the anticipated useful life in the busines of five years..

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred 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 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 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.

Pension costs and other post-retirement benefits

The company makes contributions to the Director's Personal Pension scheme and has met its obligations on behalf of employees under Auto Enrolment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2024 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

600,000

Additions

300,000

At 31 March 2025

900,000

AMORTISATION

At 1 April 2024

180,000

Charge for year

180,000

At 31 March 2025

360,000

NET BOOK VALUE

At 31 March 2025

540,000

At 31 March 2024

420,000

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

189,117

Additions

16,527

At 31 March 2025

205,644

DEPRECIATION

At 1 April 2024

125,089

Charge for year

27,584

At 31 March 2025

152,673

NET BOOK VALUE

At 31 March 2025

52,971

At 31 March 2024

64,028

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

5

NET BOOK VALUE

At 31 March 2025

5

At 31 March 2024

5

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Skyron Limited

Registered office: United Kingdom

Nature of business: Software development

%

Class of shares:

holding

C, D & E Shares

100.00

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

Trade debtors

649,470

1,276,018

Other debtors

122,688

17,566

772,158

1,293,584

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

Trade creditors

85,365

156,814

Taxation and social security

202,489

343,721

Other creditors

1,410,790

1,124,910

1,698,644

1,625,445

9.	PROVISIONS FOR LIABILITIES

2025

2024

as restated

£

Deferred tax

Accelerated capital allowances

10,000

12,200

Deferred

tax

£

Balance at 1 April 2024

12,200

Provided during year

(2,200

)

Balance at 31 March 2025

10,000

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

as restated

£

20

Ordinary

1

23

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

as restated

£

T Debenham

Balance outstanding at start of year

-

150,000

Amounts repaid

-

(150,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-