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Registered number: SC222955 20/20 BUSINESS INSIGHT LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2026
20/20 BUSINESS INSIGHT LIMITED REGISTERED NUMBER: SC222955 BALANCE SHEET AS AT 31 MARCH 2026
|  | 2026 |  | 2025
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 390,929 |  | 439,795
Tangible assets | 5 |  | 636 |  | 2,037
|  |  | 391,565 |  | 441,832
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 510,364 |  | 437,652 |
Cash at bank and in hand | 7 | 479,899 |  | 440,318 |
Current liabilities |  | 990,263 |  | 877,970 |
Creditors: amounts falling due within one year | 8 | (934,095) |  | (1,030,489) |
Net current assets/(liabilities) |  |  | 56,168 |  | (152,519)
Total assets less current liabilities |  |  | 447,733 |  | 289,313
Creditors: amounts falling due after more than one year | 9 |  | - |  | (4,167)
Provisions for liabilities |  |  |  |  |
Deferred tax | 11 | (7,674) |  | (7,537) |
|  |  | (7,674) |  | (7,537)
Net assets |  |  | 440,059 |  | 277,609
Capital and reserves |  |  |  |  |
Called up share capital | 12 |  | 665 |  | 665
Share premium account |  |  | 148,934 |  | 148,934
Profit and loss account |  |  | 290,460 |  | 128,010
|  |  | 440,059 |  | 277,609
Page 1
20/20 BUSINESS INSIGHT LIMITED REGISTERED NUMBER: SC222955 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2026 The directors consider 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 directors acknowledge their 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 profit and loss account 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:
T Vincent
Director
Date: 6 July 2026
The notes on pages 3 to 13 form part of these financial statements. Page 2
20/20 BUSINESS INSIGHT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
1. | General information
20/20 Business Insight Limited is a private company limited by shares incorporated in Scotland. The registered office is Third Floor, 3 Hill Street, New Town, Edinburgh, Scotland, EH2 3JP 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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The following principal accounting policies have been applied:
| 2.2 | Foreign currency translation
Functional and presentation currency The Company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
| 2.3 | 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. Page 3
20/20 BUSINESS INSIGHT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.4 | Research and development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years. If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only. The Company recognises a research and development tax credit on an accruals basis when it is probable that any future economic benefit will flow to the entity. If it is not probable that any future economic benefit will flow to the entity, the tax credit will be recognised in the period the credit is received.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.6 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.7 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.8 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds. Page 4
20/20 BUSINESS INSIGHT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.9 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. 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 balance sheet 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 balance sheet 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 balance sheet date.
| 2.10 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. The estimated useful lives range as follows:
|  |  |  | Patents | - | 10 | years
Page 5
20/20 BUSINESS INSIGHT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.11 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Leasehold improvements | - | 15% | & 6.67%
|  |  |  | Motor vehicles | - | 25% |
|  |  |  | Plant and equipment | - | 25% |
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 disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.12 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.13 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.14 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.15 | Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date. Page 6
20/20 BUSINESS INSIGHT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.16 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss. Page 7
20/20 BUSINESS INSIGHT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 2.Accounting policies (continued)
| 2.17 | Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and laibilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
| 2.18 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 20 (2025 - 21).
4. | Intangible assets
|  | Patents
|  | £
| Cost |
| At 1 April 2025 | 488,661
| At 31 March 2026 | 488,661
| Amortisation |
| At 1 April 2025 | 48,866
| Charge for the year | 48,866
| At 31 March 2026 | 97,732
| Net book value |
| At 31 March 2026 | 390,929
| At 31 March 2025 | 439,795
Page 8
20/20 BUSINESS INSIGHT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
5. | Tangible fixed assets
|  | Leasehold improvements | Plant and equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2025 | 94,703 | 45,176 | 139,879
| Additions | - | 1,680 | 1,680
| At 31 March 2026 | 94,703 | 46,856 | 141,559
| Depreciation |  |  |
| At 1 April 2025 | 94,703 | 43,139 | 137,842
| Charge for the year on owned assets | - | 3,081 | 3,081
| At 31 March 2026 | 94,703 | 46,220 | 140,923
| Net book value |  |  |
| At 31 March 2026 | - | 636 | 636
| At 31 March 2025 | - | 2,037 | 2,037
Page 9
20/20 BUSINESS INSIGHT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
6. | Debtors
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Trade debtors | 434,607 | 365,904
| Other debtors | 2,486 | 3,282
| Prepayments and accrued income | 73,271 | 68,466
|  | 510,364 | 437,652
7. | Cash and cash equivalents
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Cash at bank and in hand | 479,899 | 440,318
|  | 479,899 | 440,318
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Bank loans | 4,167 | 10,000
| Trade creditors | 239,638 | 209,471
| Corporation tax | 106,124 | 158,857
| Other taxation and social security | 129,903 | 86,174
| Other creditors | 6,692 | 7,480
| Accruals and deferred income | 447,571 | 558,507
|  | 934,095 | 1,030,489
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Bank loans | - | 4,167
|  | - | 4,167
Page 10
20/20 BUSINESS INSIGHT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
10. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 4,167 | 10,000
|  | 4,167 | 10,000
| Amounts falling due 1-2 years |  |
| Bank loans | - | 4,167
|  | - | 4,167
|  | 4,167 | 14,167
| The Company took a Coronavirus Bounce Back Loan in August 2020 of £50,000. The loan was interest free for the first 12 months and interest is payable at 2.5% thereafter. The loan is repayable over 6 years.
Page 11
20/20 BUSINESS INSIGHT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
11. | Deferred taxation
|  | 2026
|  | £
| At beginning of year | (7,537)
| Charged to profit or loss | (137)
| At end of year | (7,674)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Accelerated capital allowances | (7,674) | (7,537)
|  | (7,674) | (7,537)
12. | Share capital
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 6,652 (2025 - 6,652) Ordinary shares of £0.10 each | 665 | 665
13. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £74,484 (2025: £54,501). Contributions totalling £6,527 (2025: £7,480) were payable to the fund at the balance sheet date and are included in creditors.
14. | Commitments under operating leases
| The Company had no commitments under non-cancellable operating leases at the balance sheet date.
15. | Related party transactions
| The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
Page 12
20/20 BUSINESS INSIGHT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
16. | Controlling party
The controlling party is 20/20 Business Group Limited. The ultimate controlling parties are The Trustees Of The 20/20 Employee-Ownership Trust.
Page 13