1 September 2022 false No description of principal activity Taxfiler 2023.10.1 12903340business:PrivateLimitedCompanyLtd2022-09-012023-08-31 129033402022-08-31 129033402022-09-012023-08-31 12903340business:AuditExemptWithAccountantsReport2022-09-012023-08-31 12903340business:FilletedAccounts2022-09-012023-08-31 129033402023-08-31 129033402022-08-31 12903340core:WithinOneYear2023-08-31 12903340core:WithinOneYear2022-08-31 12903340core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 12903340core:ShareCapitalcore:PreviouslyStatedAmount2022-08-31 12903340core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 12903340core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-31 12903340core:PreviouslyStatedAmount2023-08-31 12903340core:PreviouslyStatedAmount2022-08-31 12903340business:SmallEntities2022-09-012023-08-31 12903340business:Director12022-09-012023-08-31 12903340countries:EnglandWales2022-09-012023-08-31 12903340business:RegisteredOffice2022-09-012023-08-31 12903340business:OrdinaryShareClass12022-09-012023-08-31 12903340business:OrdinaryShareClass12021-09-012022-08-31 129033402021-09-012022-08-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12903340 (England and Wales)
The Incentive House Ltd Unaudited accounts for the year ended 31 August 2023
The Incentive House Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
55,596 
178 
Cash at bank and in hand
456,833 
166,600 
512,429 
166,778 
Creditors: amounts falling due within one year
(429,769)
(153,886)
Net current assets
82,660 
12,892 
Net assets
82,660 
12,892 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
82,650 
12,882 
Shareholders' funds
82,660 
12,892 
For the year ending 31 August 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 27 November 2023 and were signed on its behalf by
Claire Martin-Williamson Director Company Registration No. 12903340
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The Incentive House Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
The Incentive House Ltd is a private company, limited by shares, registered in England and Wales, registration number 12903340. The registered office is Suite G04, 1 Quality Court, Chancery Lane , London , WC2A 1HR, 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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
211 
- 
Trade debtors
55,235 
6 
Accrued income and prepayments
150 
172 
55,596 
178 
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The Incentive House Ltd Notes to the Accounts for the year ended 31 August 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
(156)
Trade creditors
4,816 
441 
Taxes and social security
33,484 
30,018 
Other creditors
2,466 
12,655 
Loans from directors
62 
132 
Accruals
1,506 
1,175 
Deferred income
387,435 
109,621 
429,769 
153,886 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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