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
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
Incubis Associates Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
10,413
11,861
Cash at bank and in hand
7,812
7,964
Creditors: amounts falling due within one year
(28,260)
(30,501)
Net current liabilities
(20,238)
(22,333)
Net liabilities
(9,824)
(10,471)
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
Incubis Associates Ltd
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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 in shares are included at fair value.
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
At 31 July 2023
12,816
684
4,429
2,470
20,399
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
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
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,899
4,602
Loans from directors
25,047
24,525
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).