IN2 Engineering London Limited iXBRL

IN2 Engineering London Limited

Unaudited Financial Statements

for the financial year ended 31 December 2025

IN2 Engineering London Limited

DIRECTOR AND OTHER INFORMATION


Director	Barry Flynn


Company Registration Number	15265037


Registered Office and Business Address	5 St. John‘s Lane
	London
	EC1M 4BH


Accountants	Quarter
	Chartered Accountants
	St. Annes House
	15 Church Street
	Cathedral Quarter
	Belfast
	BT1 1PG


Bankers	Revolut Business
	7 Westferry Circus
	E144HD

IN2 Engineering London Limited

CHARTERED ACCOUNTANTS REPORT

to the Director on the Compilation of the unaudited financial statements of IN2 Engineering London Limited

for the financial year ended 31 December 2025

In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 31 December 2025 as set out on pages to which comprise the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

This report is made solely to the director of IN2 Engineering London Limited, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Director that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its director for our work or for this report.

We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet for the year ended 31 December 2025 your duty to ensure that IN2 Engineering London Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of IN2 Engineering London Limited. You consider that IN2 Engineering London Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of IN2 Engineering London Limited. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

__________________________________

QUARTER

Chartered Accountants

St. Annes House

15 Church Street

Cathedral Quarter

Belfast

BT1 1PG

1 September 2026

IN2 Engineering London Limited

Company Registration Number: 15265037

BALANCE SHEET

as at 31 December 2025

		2025	2024
	Notes	£	£

Fixed Assets

Intangible assets

3,548

6,682

─────────

Current Assets

Stocks

11,752

220,000

Debtors

301,432

310,538

Cash and cash equivalents

60,727

151,225

─────────

373,911

681,763

─────────

Creditors: amounts falling due within one year

(935,387)

(737,064)

─────────

Net Current Liabilities

(561,476)

(55,301)

─────────

Total Assets less Current Liabilities

(557,928)

(48,619)

Provisions for liabilities

145,361

9,364

─────────

Net Liabilities

(412,567)

(39,255)

═════════

Capital and Reserves

Called up share capital

Retained earnings

(412,657)

(39,345)

─────────

Equity attributable to owners of the company

(412,567)

(39,255)

═════════

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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 1 September 2026



________________________________
Barry Flynn
Director

IN2 Engineering London Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 December 2025

General Information

IN2 Engineering London Limited is a company limited by shares incorporated and registered in England. The registered number of the company is 15265037. The registered office of the company is 5 St. John‘s Lane, London, EC1M 4BH which is also the principal place of business of the company. The principal activity of the entity is that of engineering related scientific and technical consulting activities. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 December 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Intangible assets

Software License

Software License are valued at cost less accumulated amortisation.

Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 3 years.

Stocks

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Period of financial statements

The comparative figures relate to the 13 month period ended 31 December 2024.

Going concern

The balance sheet shows a deficiency of assets of £412,567 as at 31st December 2025. The financial statements are prepared on the going concern basis. The company remains reliant upon the support of it's Group companies.


5.	Employees

	The average monthly number of employees, including director, during the financial year was 9.

		2025	2024
		Number	Number

	Director	1	1
	Employees	8	6
		─────────	─────────
		9	7
		═════════	═════════


6.	Intangible assets
		Software License
			Total
		£	£
	Cost
	At 1 January 2025	9,404	9,404
		─────────	─────────

	At 31 December 2025	9,404	9,404
		─────────	─────────
	Amortisation
	At 1 January 2025	2,722	2,722
	Charge for financial year	3,134	3,134
		─────────	─────────
	At 31 December 2025	5,856	5,856
		─────────	─────────
	Net book value
	At 31 December 2025	3,548	3,548
		═════════	═════════
	At 31 December 2024	6,682	6,682
		═════════	═════════


7.	Stocks	2025	2024
		£	£

	Work in progress	11,752	220,000
		═════════	═════════

	The replacement cost of stock did not differ significantly from the figures shown.


8.	Debtors	2025	2024
		£	£

	Trade debtors	248,886	278,085
	Other debtors	10,839	-
	Prepayments and accrued income	41,707	32,453
		─────────	─────────
		301,432	310,538
		═════════	═════════


9.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Trade creditors	49,818	92,899
	Amounts owed to group undertakings (Note 13)	836,081	569,639
	Taxation (Note 10)	41,213	72,026
	Accruals	8,275	2,500
		─────────	─────────
		935,387	737,064
		═════════	═════════


10.	Taxation	2025	2024
		£	£

	Creditors:
	VAT	25,853	62,232
	PAYE / NI	15,360	9,794
		─────────	─────────
		41,213	72,026
		═════════	═════════

11.

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Losses

Total

Total

2025

2024

At financial year start

(9,364)

(9,364)

Charged to profit and loss

(135,997)

(135,997)

(9,364)

─────────

At financial year end

(145,361)

(9,364)

═════════

12.

Capital commitments

The company had no material capital commitments at the financial year-ended 31 December 2025.

13.

Related party transactions

Transactions with group companies include...

IN2 Design Engineering Limited

As at 31 December 2024, IN2 Design Engineering London Limited owed IN2 Design Engineering Limited £434,215. Net transactions between the two companies during the year totalled £54,740. As at 31 December 2025, IN2 Design Engineering London Limited owed IN2 Design Engineering Limited £379,475, this is included within amounts falling due within one year.

IN2 Design Partnership Limited

As at 31 December 2024, IN2 Design Engineering London Limited owed IN2 Design Partnership Limited £135,424. Net transactions between the two companies during the year totalled £278,074. As at 31 December 2025, IN2 Design Engineering London Limited owed IN2 Design Partnership Limited £413,498, this is included within amounts falling due within one year.

IN2 Ingenieurbüro GmbH

Net transactions between the two companies during the year totalled £43,108.

As at 31 December 2025, IN2 Design Engineering London Limited owed IN2 Ingenieurbüro GmbH £43,108, this is included within amounts falling due within one year.

Transactions and balances with group companies:

2025

2024

Group Undertaking Creditors

IN2 Design Engineering Ltd

379,475

434,215

IN2 Design Partnership Ltd

413,498

135,424

IN2 Ingenieurbüro GmbH

43,108

─────────

836,081

569,639

═════════

14.

Parent and ultimate parent company

The company regards IN2 Design Engineering Holdings Limited as its parent company. The address of IN2 Design Engineering Holdings Limited is 2nd Floor, 5-23 Hill Street, Belfast, Northern Ireland, BT1 2LA.

The companys ultimate parent undertaking is IN2 Design Partnership Holdings Ltd.

The address of IN2 Design Partnership Holdings Ltd is Unit E Mountpleasant Business Centre Mountpleasant Avenue Ireland D06 P5N8.

15.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.