IRIS Accounts Production v23.3.0.418 OC396436 designated member 1.7.22 30.6.23 30.6.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureOC3964362022-06-30OC3964362023-06-30OC3964362022-07-012023-06-30OC3964362021-06-30OC3964362021-07-012022-06-30OC3964362022-06-30OC396436ns16:EnglandWales2022-07-012023-06-30OC396436ns15:PoundSterling2022-07-012023-06-30OC396436ns11:Director12022-07-012023-06-30OC396436ns11:LimitedLiabilityPartnershipLLP2022-07-012023-06-30OC396436ns11:SmallEntities2022-07-012023-06-30OC396436ns11:AuditExempt-NoAccountantsReport2022-07-012023-06-30OC396436ns11:SmallCompaniesRegimeForAccounts2022-07-012023-06-30OC396436ns11:LimitedLiabilityPartnershipsSORP2022-07-012023-06-30OC396436ns11:FullAccounts2022-07-012023-06-30OC39643612022-07-012023-06-30OC396436ns11:Director22022-07-012023-06-30OC396436ns11:RegisteredOffice2022-07-012023-06-30OC396436ns6:CurrentFinancialInstruments2023-06-30OC396436ns6:CurrentFinancialInstruments2022-06-30OC396436ns6:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-30OC396436ns6:FurnitureFittings2022-07-012023-06-30OC396436ns6:ComputerEquipment2022-07-012023-06-30OC396436ns6:PatentsTrademarksLicencesConcessionsSimilar2022-06-30OC396436ns6:PatentsTrademarksLicencesConcessionsSimilar2023-06-30OC396436ns6:PatentsTrademarksLicencesConcessionsSimilar2022-06-30OC396436ns6:FurnitureFittings2022-06-30OC396436ns6:ComputerEquipment2022-06-30OC396436ns6:FurnitureFittings2023-06-30OC396436ns6:ComputerEquipment2023-06-30OC396436ns6:FurnitureFittings2022-06-30OC396436ns6:ComputerEquipment2022-06-30OC396436ns6:WithinOneYearns6:CurrentFinancialInstruments2023-06-30OC396436ns6:WithinOneYearns6:CurrentFinancialInstruments2022-06-30OC396436ns6:WithinOneYear2023-06-30OC396436ns6:WithinOneYear2022-06-30OC396436ns6:BetweenOneFiveYears2023-06-30OC396436ns6:BetweenOneFiveYears2022-06-30OC396436ns6:MoreThanFiveYears2023-06-30OC396436ns6:MoreThanFiveYears2022-06-30OC396436ns6:AllPeriods2023-06-30OC396436ns6:AllPeriods2022-06-30
REGISTERED NUMBER: OC396436 (England and Wales)












INCAT CROWTHER (UK) LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






INCAT CROWTHER (UK) LLP (REGISTERED NUMBER: OC396436)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

General Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


INCAT CROWTHER (UK) LLP

GENERAL INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DESIGNATED MEMBERS: Incat Crowther Limited
Incat Crowther Holdings Pty Limited as trustee of Incat Crowther Holdings Unit Trust
ETAJ Ltd





REGISTERED OFFICE: Highland House
Mayflower Close
Chandlers Ford
Hampshire
SO53 4AR





REGISTERED NUMBER: OC396436 (England and Wales)

INCAT CROWTHER (UK) LLP (REGISTERED NUMBER: OC396436)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 33,473 14,221
33,473 14,221

CURRENT ASSETS
Stocks 120,000 120,000
Debtors 6 1,101,789 690,077
Cash at bank 1,168,838 314,532
2,390,627 1,124,609
CREDITORS
Amounts falling due within one year 7 (53,999 ) (65,705 )
NET CURRENT ASSETS 2,336,628 1,058,904
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO
MEMBERS

2,370,101

1,073,125

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

2,370,101

1,073,125

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 2,370,101 1,073,125

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 June 2023.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

INCAT CROWTHER (UK) LLP (REGISTERED NUMBER: OC396436)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 13 October 2023 and were signed by:





ETAJ Ltd - Designated member

INCAT CROWTHER (UK) LLP (REGISTERED NUMBER: OC396436)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Incat Crowther (UK) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences have been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% Reducing balance
Computer equipment - 33% Reducing balance

Work in progress
Work in progress is calculated as a proportion of the total consideration due, based on the stage of completion of each contract.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

INCAT CROWTHER (UK) LLP (REGISTERED NUMBER: OC396436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Members' participation rights
Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with FRS102. A member's participation right results in a liability unless the right to any payment is discretionary to the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payment to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

Where profits are automatically divided as they arise, so the LLP does not have an unconditional right to refuse payment, such profits are classed as an appropriation of equity rather than as an expense. They are shown as a residual amount available for the discretionary division amoung members of the Statement of comprehensive income and are equity appropriations in the Statement of financial position.

Other amounts applied to members, for example remuneration paid under an employment contract and interest on capital balances are treated in the same way as all other divisions of profits, as described above, according to whether the LLP has, in each case, an unconditional right to refuse payment.

All amounts due to members that are classified as liabilities are presented in the Statement of financial position within 'Loans and other debts due to members' and are charged to the Statement of comprehensive income with 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Statement of financial position within 'Members' other interests'.

INCAT CROWTHER (UK) LLP (REGISTERED NUMBER: OC396436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


3. EMPLOYEE INFORMATION

The average number of employees during the year was 15 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 July 2022
and 30 June 2023 6,418
AMORTISATION
At 1 July 2022
and 30 June 2023 6,418
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022 - 34,046 34,046
Additions 11,734 15,683 27,417
At 30 June 2023 11,734 49,729 61,463
DEPRECIATION
At 1 July 2022 - 19,825 19,825
Charge for year 923 7,242 8,165
At 30 June 2023 923 27,067 27,990
NET BOOK VALUE
At 30 June 2023 10,811 22,662 33,473
At 30 June 2022 - 14,221 14,221

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 960,762 655,543
Other debtors 141,027 34,534
1,101,789 690,077

INCAT CROWTHER (UK) LLP (REGISTERED NUMBER: OC396436)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,834 11,327
Taxation and social security 26,766 22,819
Other creditors 16,399 31,559
53,999 65,705

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 52,569 32,950
Between one and five years 324,672 8,238
In more than five years 392,853 -
770,094 41,188

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

At the balance sheet date, amounts owed to members totalled £2,370,101 (2022: £1,073,125).

Loans and other debts due to members rank equally to other creditors.