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REGISTERED NUMBER: 07155699 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

INCAIR LIMITED

INCAIR LIMITED (REGISTERED NUMBER: 07155699)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


INCAIR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: K Yavuz





REGISTERED OFFICE: Unit 7 Manchester Way
Dagenham
RM10 8PN





REGISTERED NUMBER: 07155699 (England and Wales)






INCAIR LIMITED (REGISTERED NUMBER: 07155699)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,475 87,842

CURRENT ASSETS
Stocks 5 513,560 361,280
Debtors 6 135,223 136,950
Cash at bank and in hand 22,345 49,445
671,128 547,675
CREDITORS
Amounts falling due within one year 7 676,214 592,196
NET CURRENT LIABILITIES (5,086 ) (44,521 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,389

43,321

CREDITORS
Amounts falling due after more than one year 8 22,435 32,387
NET ASSETS 46,954 10,934

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 46,854 10,834
SHAREHOLDERS' FUNDS 46,954 10,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company 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 relating to financial statements, so far as applicable to the company.

INCAIR LIMITED (REGISTERED NUMBER: 07155699)

BALANCE SHEET - continued
31 MARCH 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2023 and were signed by:





K Yavuz - Director


INCAIR LIMITED (REGISTERED NUMBER: 07155699)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Incair Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - in accordance with the property
Improvements to property - in accordance with the property
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 15% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


INCAIR LIMITED (REGISTERED NUMBER: 07155699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CASH AND CASH EQUIVALENTS
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 April 2022
and 31 March 2023 11,868 71,080 13,192
DEPRECIATION
At 1 April 2022 3,560 8,885 4,956
Charge for year 1,187 8,885 1,647
At 31 March 2023 4,747 17,770 6,603
NET BOOK VALUE
At 31 March 2023 7,121 53,310 6,589
At 31 March 2022 8,308 62,195 8,236

INCAIR LIMITED (REGISTERED NUMBER: 07155699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 4,000 5,000 6,277 111,417
DEPRECIATION
At 1 April 2022 2,361 1,000 2,813 23,575
Charge for year 328 800 520 13,367
At 31 March 2023 2,689 1,800 3,333 36,942
NET BOOK VALUE
At 31 March 2023 1,311 3,200 2,944 74,475
At 31 March 2022 1,639 4,000 3,464 87,842

5. STOCKS
31.3.23 31.3.22
£    £   
Finished goods 513,560 361,280

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 55,996 25,465
Other debtors 42,625 42,625
Prepayments 36,602 68,860
135,223 136,950

INCAIR LIMITED (REGISTERED NUMBER: 07155699)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 9,952 9,707
Other loans 148,000 58,273
Trade creditors 433,398 385,662
Tax (585 ) (1,512 )
Social security and other taxes 9,149 53,219
VAT 41,517 77,347
Net wages 2,296 8,000
Directors' current accounts 30,000 -
Accrued expenses 2,487 1,500
676,214 592,196

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 10,204 9,952
Bank loans - 2-5 years 12,231 22,435
22,435 32,387

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1.00 100 100

10. RESERVES
Retained
earnings
£   

At 1 April 2022 10,834
Profit for the year 36,020
At 31 March 2023 46,854

11. ULTIMATE CONTROLLING PARTY

The controlling party is K Yavuz.