ACCOUNTS - Final Accounts preparation

Company registration number: 09045034

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	INSOMNIAC DESIGN LIMITED


INSOMNIAC DESIGN LIMITED

COMPANY INFORMATION

Director	D J McKee JR


Company secretary	Blakelaw Secretaries Limited


Registered number	09045034


Registered office	New Kings Court Tollgate
	Chandler's Ford
	Eastleigh
	Hampshire
	SO53 3LG


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	Hertfordshire
	SG1 3QP


INSOMNIAC DESIGN LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 5


INSOMNIAC DESIGN LIMITED REGISTERED NUMBER:09045034

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	106,982		117,926
Cash at bank and in hand		-		1,114
		106,982		119,040
Creditors: amounts falling due within one year	5	(32,958)		(83,044)
Net current assets			74,024		35,996
Total assets less current liabilities			74,024		35,996

Net assets			74,024		35,996

Capital and reserves
Called up share capital	100	100
Profit and loss account	73,924	35,896
	74,024	35,996

Page 1


INSOMNIAC DESIGN LIMITED REGISTERED NUMBER:09045034

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

D J McKee JR

Director

Date: 8 December 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2


INSOMNIAC DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Insomniac Design 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.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3


INSOMNIAC DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.5

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Debtors

					2024	2023
					£	£


Trade debtors	37,815	15,735
Amounts owed by connected company	61,920	96,920
Other debtors	7,247	165
Prepayments and accrued income	-	5,106
	106,982	117,926

Page 4


INSOMNIAC DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank overdrafts	18	-
Trade creditors	1,540	600
Amounts owed to connected company	30,000	78,369
Corporation tax	-	2,720
Accruals and deferred income	1,400	1,355
	32,958	83,044

6.	Transactions with directors

At the reporting date the director owed £36 (2023: £36) to the company. The balance can be found within debtors and no interest is being charged on this.

7.	Related party transactions
	Included within debtors amounts falling due within one year is an amount of £61,920 (2024: £96,920) due from a connected undertaking. Included within creditors amounts falling due within one year is an amount of £30,000 (2024: £78,369) due to a connected undertaking. These amounts are free of interest and are repayable on demand.

Page 5