Company registration number: 07056620
Annual report and unaudited financial statements
for the year ended 31 August 2025
for
Practical Intelligence
(company limited by guarantee)
Pages for filing with the Registrar
Company registration number: 07056620
Practical Intelligence
(company limited by guarantee)
Balance sheet
as at 31 August 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 8,084 10,779
8,084 10,779
Current assets
Stocks 2,250 2,850
Debtors 5 1,224 1,197
Cash at bank and in hand 52,042 40,367
55,516 44,414
Creditors: amounts falling due within one
year 		6 (2,814) (2,188)
Net current assets 52,702 42,226
Total assets less current liabilities 60,786 53,005
NET ASSETS 60,786 53,005
Reserves
Income and expenditure account 60,786 53,005
TOTAL RESERVES 60,786 53,005
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 August 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 07056620
Practical Intelligence
(company limited by guarantee)
Balance sheet - continued
as at 31 August 2025
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 and expenditure account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 22 June 2026 and signed on its behalf by:
Mrs P Brown, Director
22 June 2026
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Practical Intelligence
(company limited by guarantee)
Notes to the financial statements
for the year ended 31 August 2025
1 Company information
Practical Intelligence is a private company registered in England and Wales. Its registered number is 07056620. The company is limited by guarantee. Its registered office is C/O Windyridge, Amberley, Stroud, GL5 5AA.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to income and expenditure in the period to which they relate.
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Practical Intelligence
(company limited by guarantee)
Notes to the financial statements - continued
for the year ended 31 August 2025
3 Average number of employees
During the year the average number of employees was 2 (2024 - 2).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 September 2024 30,670
At 31 August 2025 30,670
Depreciation
At 1 September 2024 19,891
Charge for year 2,695
At 31 August 2025 22,586
Net book value
At 31 August 2025 8,084
At 31 August 2024 10,779
5 Debtors
2025 2024
£ £
Other debtors 1,224 1,197
6 Creditors: amounts falling due within one year
2025 2024
£ £
Other creditors 2,814 2,188
7 Related party transactions
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Practical Intelligence
(company limited by guarantee)
Notes to the financial statements - continued
for the year ended 31 August 2025
7 Related party transactions - continued
During the year the company paid tutor fees to Craftworks Partnership of whom two of the directors, Mr Gavin Pond and Miss Christine Langemeijer are partners. Tutor fees were also paid to Mr Arian Leljak and Mr Richard Pirie. All fees were paid on normal commercial terns with no amounts outstanding at year end.

The fees paid were as follows:

Craftworks Partnership - £30,249 (2024 - £35,319)
Mr Arian Leljak - £4,447 (2024 - £5,545)
Mr Richard Pirie - £8,471 (2024 - £8,814)
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