Fenix Insight Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Fenix Insight Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07486572 . The registered office is Unit 14f Borers Yard, Borers Arms Road, Copthorne, West Sussex, RH10 3LH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The company’s financial statements have been prepared on a going concern basis, based on the directors’ assessment that current and future sources of funding or support will be more than adequate to meet the company’s needs. The directors have a reasonable expectation that the company will continue as a going concern and will be able to meet all of its obligations as they fall due for at least 12 months from the date of approval of these financial statements.

In evaluating the company’s ability to continue as a going concern, the directors have considered various factors, including the group restructure, which has significantly reduced operating costs. Additionally, growing revenue post year-end further supports the going concern basis.

Moreover, the company’s loan facilities are being paid down rapidly, and there is no expectation of needing to extend or replace these facilities within the next 12 months. Taken together, these factors provide a solid foundation for the company's ongoing and expanding profitable business operations.

2.3. Significant judgements and estimations

The preparation of financial statements requires management to make judgements, estimates and assumptions which affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for expenses during the period. However, the nature of estimation means that actual outcomes could differ from those estimates.

In preparing these financial statements, the directors have made the following judgements:

Share option charges

FRS 102 requires the grant date fair value of share-based payments awards granted to employees and contractors to be recognised as an expense, with a corresponding increase in equity, over the period in which the employees and contractors become unconditionally entitled to the awards. Share options issued to the employees and contractors will only be exercised on an exit event. At the date of these financial statements management has determined that an exit event is not probable and therefore no share-based payment charges have been recorded in these financial statements.

2.4. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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Fenix Insight Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer equipment	over 5 years on a straight line basis
Fixtures & Fittings	over 5 years on a straight line basis

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Financial Instruments

Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction prices less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Investments

Investments in subsidiaries are held at cost less accumulated impairment losses.

Impairment of financial assets

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised within profit or loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the asset’s carrying amount and the present value of estimated cash flows discounted at the asset’s original effective interest rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the asset’s carrying amount and the best estimate of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

2.8. Foreign Currencies

Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.9. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss.

2.10. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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Fenix Insight Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.11. Preparation of consolidated accounts exemption

The company is exempt under Section 399 of the Companies Act from the requirement to prepare consolidated financial statements by virtue of the fact it is subject to the small companies regime. These financial statements contain information the company as an individual undertaking and not about this group.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 12 (2025: 16)

4. Tangible Assets

	Computer equipment	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 February 2025	41,461	14,386	55,847
Additions	875	-	875

As at 31 January 2026	42,336	14,386	56,722

Depreciation
As at 1 February 2025	14,104	14,386	28,490
Provided during the period	6,601	-	6,601

As at 31 January 2026	20,705	14,386	35,091

Net Book Value
As at 31 January 2026	21,631	-	21,631

As at 1 February 2025	27,357	-	27,357

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 February 2025	1

As at 31 January 2026	1

Provision
As at 1 February 2025	-
Added in period	1

As at 31 January 2026	1

Net Book Value
As at 31 January 2026	-

As at 1 February 2025	1

6. Stocks

	2026	2025
	£	£
Finished goods	10,000	10,000

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Fenix Insight Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	73,737	61,884
Other debtors	114,849	208,314

	188,586	270,198

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	60,320	43,885
Bank loans and overdrafts	5,000	10,644
Other loans	130,789	267,420
Other creditors	210,464	226,575

	406,573	548,524

Included in Other creditors is £126,592 (2025: £82,880) of Deferred Income.

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	-	4,356

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	3	3

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	5,339	21,355

	5,339	21,355

12. Pension Commitments

The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £2,759 (2025: £5,745) were due to the fund. They are included in Other Creditors.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		21,631		27,357
Investments	5		-		1

			21,631		27,358
CURRENT ASSETS
Stocks	6	10,000		10,000
Debtors	7	188,586		270,198
Cash at bank and in hand		16,280		28,537

		214,866		308,735
Creditors: Amounts Falling Due Within One Year	8	(406,573 )		(548,524 )

NET CURRENT ASSETS (LIABILITIES)			(191,707 )		(239,789 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(170,076 )		(212,431 )

Creditors: Amounts Falling Due After More Than One Year	9		-		(4,356 )

NET LIABILITIES			(170,076 )		(216,787 )

CAPITAL AND RESERVES
Called up share capital	10		3		3
Share premium account			1,759,416		1,759,416
Profit and Loss Account			(1,929,495 )		(1,976,206 )

SHAREHOLDERS' FUNDS			(170,076)		(216,787)