INVISIBLE SYSTEMS HOLDINGS LIMITED

INVISIBLE SYSTEMS HOLDINGS LIMITED

INVISIBLE SYSTEMS HOLDINGS LIMITED - Company Information

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2021-10-012022-09-302022-09-30false04911433INVISIBLE SYSTEMS HOLDINGS LIMITED2023-06-2626511iso4217:GBPxbrli:pure049114332021-10-01049114332022-09-30049114332021-10-012022-09-30049114332020-10-01049114332021-09-30049114332020-10-012021-09-3004911433bus:SmallEntities2021-10-012022-09-3004911433bus:AuditExempt-NoAccountantsReport2021-10-012022-09-3004911433bus:FullAccounts2021-10-012022-09-3004911433bus:PrivateLimitedCompanyLtd2021-10-012022-09-3004911433core:WithinOneYear2022-09-3004911433core:AfterOneYear2022-09-3004911433core:WithinOneYear2021-09-3004911433core:AfterOneYear2021-09-3004911433core:ShareCapital2022-09-3004911433core:SharePremium2022-09-3004911433core:RevaluationReserve2022-09-3004911433core:OtherReservesSubtotal2022-09-3004911433core:RetainedEarningsAccumulatedLosses2022-09-3004911433core:ShareCapital2021-09-3004911433core:SharePremium2021-09-3004911433core:RevaluationReserve2021-09-3004911433core:OtherReservesSubtotal2021-09-3004911433core:RetainedEarningsAccumulatedLosses2021-09-3004911433core:LandBuildings2022-09-3004911433core:PlantMachinery2022-09-3004911433core:Vehicles2022-09-3004911433core:FurnitureFittings2022-09-3004911433core:OfficeEquipment2022-09-3004911433core:NetGoodwill2022-09-3004911433core:IntangibleAssetsOtherThanGoodwill2022-09-3004911433core:ListedExchangeTraded2022-09-3004911433core:UnlistedNon-exchangeTraded2022-09-3004911433core:LandBuildings2021-09-3004911433core:PlantMachinery2021-09-3004911433core:Vehicles2021-09-3004911433core:FurnitureFittings2021-09-3004911433core:OfficeEquipment2021-09-3004911433core:NetGoodwill2021-09-3004911433core:IntangibleAssetsOtherThanGoodwill2021-09-3004911433core:ListedExchangeTraded2021-09-3004911433core:UnlistedNon-exchangeTraded2021-09-3004911433core:LandBuildings2021-10-012022-09-3004911433core:PlantMachinery2021-10-012022-09-3004911433core:Vehicles2021-10-012022-09-3004911433core:FurnitureFittings2021-10-012022-09-3004911433core:OfficeEquipment2021-10-012022-09-3004911433core:NetGoodwill2021-10-012022-09-3004911433core:IntangibleAssetsOtherThanGoodwill2021-10-012022-09-3004911433core:ListedExchangeTraded2021-10-012022-09-3004911433core:UnlistedNon-exchangeTraded2021-10-012022-09-3004911433core:MoreThanFiveYears2021-10-012022-09-3004911433core:Non-currentFinancialInstruments2022-09-3004911433core:Non-currentFinancialInstruments2021-09-3004911433dpl:CostSales2021-10-012022-09-3004911433dpl:DistributionCosts2021-10-012022-09-3004911433dpl:AdministrativeExpenses2021-10-012022-09-3004911433core:LandBuildings2021-10-012022-09-3004911433core:PlantMachinery2021-10-012022-09-3004911433core:Vehicles2021-10-012022-09-3004911433core:FurnitureFittings2021-10-012022-09-3004911433core:OfficeEquipment2021-10-012022-09-3004911433core:NetGoodwill2021-10-012022-09-3004911433core:IntangibleAssetsOtherThanGoodwill2021-10-012022-09-3004911433dpl:GroupUndertakings2021-10-012022-09-3004911433dpl:ParticipatingInterests2021-10-012022-09-3004911433dpl:GroupUndertakingscore:ListedExchangeTraded2021-10-012022-09-3004911433core:ListedExchangeTraded2021-10-012022-09-3004911433dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-10-012022-09-3004911433core:UnlistedNon-exchangeTraded2021-10-012022-09-3004911433dpl:CostSales2020-10-012021-09-3004911433dpl:DistributionCosts2020-10-012021-09-3004911433dpl:AdministrativeExpenses2020-10-012021-09-3004911433core:LandBuildings2020-10-012021-09-3004911433core:PlantMachinery2020-10-012021-09-3004911433core:Vehicles2020-10-012021-09-3004911433core:FurnitureFittings2020-10-012021-09-3004911433core:OfficeEquipment2020-10-012021-09-3004911433core:NetGoodwill2020-10-012021-09-3004911433core:IntangibleAssetsOtherThanGoodwill2020-10-012021-09-3004911433dpl:GroupUndertakings2020-10-012021-09-3004911433dpl:ParticipatingInterests2020-10-012021-09-3004911433dpl:GroupUndertakingscore:ListedExchangeTraded2020-10-012021-09-3004911433core:ListedExchangeTraded2020-10-012021-09-3004911433dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-10-012021-09-3004911433core:UnlistedNon-exchangeTraded2020-10-012021-09-3004911433core:NetGoodwill2022-09-3004911433core:IntangibleAssetsOtherThanGoodwill2022-09-3004911433core:LandBuildings2022-09-3004911433core:PlantMachinery2022-09-3004911433core:Vehicles2022-09-3004911433core:FurnitureFittings2022-09-3004911433core:OfficeEquipment2022-09-3004911433core:AfterOneYear2022-09-3004911433core:WithinOneYear2022-09-3004911433core:ListedExchangeTraded2022-09-3004911433core:UnlistedNon-exchangeTraded2022-09-3004911433core:ShareCapital2022-09-3004911433core:SharePremium2022-09-3004911433core:RevaluationReserve2022-09-3004911433core:OtherReservesSubtotal2022-09-3004911433core:RetainedEarningsAccumulatedLosses2022-09-3004911433core:NetGoodwill2021-09-3004911433core:IntangibleAssetsOtherThanGoodwill2021-09-3004911433core:LandBuildings2021-09-3004911433core:PlantMachinery2021-09-3004911433core:Vehicles2021-09-3004911433core:FurnitureFittings2021-09-3004911433core:OfficeEquipment2021-09-3004911433core:AfterOneYear2021-09-3004911433core:WithinOneYear2021-09-3004911433core:Liste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INVISIBLE SYSTEMS HOLDINGS LIMITED

Registered Number
04911433
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2022

INVISIBLE SYSTEMS HOLDINGS LIMITED
Company Information
for the year from 1 October 2021 to 30 September 2022

Directors

MATHIAS, Christopher Anthony
ROBERTSON, Jamie
THOMPSON, Peter

Registered Address

Lowry Mill, Fourth Floor Lees Street
Swinton
Manchester
M27 6DB

Registered Number

04911433 (England and Wales)
INVISIBLE SYSTEMS HOLDINGS LIMITED
Statement of Financial Position
30 September 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Tangible assets6357,261357,261
Investments733
357,264357,264
Current assets
Cash at bank and on hand7,8175,000
7,8175,000
Creditors amounts falling due within one year10(258,711)(233,268)
Net current assets (liabilities)(250,894)(228,268)
Total assets less current liabilities106,370128,996
Creditors amounts falling due after one year11(120,945)(138,120)
Net assets(14,575)(9,124)
Capital and reserves
Called up share capital7575
Other reserves2525
Profit and loss account(14,675)(9,224)
Shareholders' funds(14,575)(9,124)
  • The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
  • 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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The financial statements were approved and authorised for issue by the Board of Directors on 26 June 2023, and are signed on its behalf by:
ROBERTSON, Jamie
Director
THOMPSON, Peter
Director

Registered Company No. 04911433
INVISIBLE SYSTEMS HOLDINGS LIMITED
Notes to the Financial Statements
for the year ended 30 September 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Smallest group in which results are consolidated
As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone. This company's parent undertaking is Invisible Systems Group Limited a company registered in England and Wales, company number 12030447.
3.Basis of measurement used in financial statements
The financial statements have been prepared under the historical cost convention on a going concern basis 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.
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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 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.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows: Freehold Property - No depreciation
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.
Valuation of financial instruments policy
The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
5.Employee information

20222021
Average number of employees during the year33
6.Property, plant and equipment

Land & buildings

Total

££
Cost or valuation
At 01 October 21357,261357,261
At 30 September 22357,261357,261
Net book value
At 30 September 22357,261357,261
At 30 September 21357,261357,261
7.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 October 2133
At 30 September 2233
Net book value
At 30 September 2233
At 30 September 2133

Notes

1Investments in group undertakings and participating interests
8.Creditors or instalments due after 5 years
Bank loans repayable after more than five years amount to £51,120 (2021 : £68,520).
9.Contingent liabilities, including financial effect, uncertainties and possible reimbursement
Invisible Systems Holdings Limited is a member of a VAT group with Realtime Online Limited, Invisible Innovations Limited and Invisible Systems Limited and as such is joint and severally liable for VAT due from group activities. At 30 September 2022 the total amounts due to HMRC in respect of group VAT was £253,637.
10.Creditors within one year

2022

2021

££
Bank borrowings and overdrafts17,40017,400
Amounts owed to related parties241,311215,868
Total258,711233,268
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. Bank borrowings and overdrafts are secured by fixed and floating charges over the assets of the company.
11.Creditors after one year

2022

2021

££
Bank borrowings and overdrafts120,945138,120
Total120,945138,120
Bank borrowings and overdrafts are secured by fixed and floating charges over the assets of the company.