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Company Registration No. 08632374 (England and Wales)
Incubis Associates Ltd Unaudited accounts for the year ended 31 July 2023
Incubis Associates Ltd Unaudited accounts Contents
Page
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Incubis Associates Ltd Company Information for the year ended 31 July 2023
Directors
Mr Adrian Rayner Mrs Jane Rayner
Company Number
08632374 (England and Wales)
Registered Office
20-22 Wenlock Road LONDON N1 7GU England
Accountants
Taxhelp.co.uk 102 Sunny Bank Kingston-upon-Hull East Riding of Yorkshire HU3 1LF
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Incubis Associates Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,413 
11,861 
Investments
1 
1 
10,414 
11,862 
Current assets
Debtors
210 
204 
Cash at bank and in hand
7,812 
7,964 
8,022 
8,168 
Creditors: amounts falling due within one year
(28,260)
(30,501)
Net current liabilities
(20,238)
(22,333)
Net liabilities
(9,824)
(10,471)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(9,924)
(10,571)
Shareholders' funds
(9,824)
(10,471)
For the year ending 31 July 2023 the company was entitled to exemption from audit 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 and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by
Mr Adrian Rayner Director Company Registration No. 08632374
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Incubis Associates Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Incubis Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 08632374. The registered office is 20-22 Wenlock Road, LONDON, N1 7GU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on cost
Plant & machinery
20% on cost
Fixtures & fittings
10% & 20% on cost
Computer equipment
33% on cost
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments
Investments in shares are included at fair value.
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Incubis Associates Ltd Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2022
12,816 
670 
4,429 
1,630 
19,545 
Additions
- 
14 
- 
840 
854 
At 31 July 2023
12,816 
684 
4,429 
2,470 
20,399 
Depreciation
At 1 August 2022
3,846 
402 
1,806 
1,630 
7,684 
Charge for the year
1,281 
137 
603 
281 
2,302 
At 31 July 2023
5,127 
539 
2,409 
1,911 
9,986 
Net book value
At 31 July 2023
7,689 
145 
2,020 
559 
10,413 
At 31 July 2022
8,970 
268 
2,623 
- 
11,861 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 August 2022
1 
Valuation at 31 July 2023
1 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
210 
204 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
1,899 
4,602 
Other creditors
389 
389 
Loans from directors
25,047 
24,525 
Accruals
925 
985 
28,260 
30,501 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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