IRIS Accounts Production v23.3.0.418 05617144 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056171442022-11-30056171442023-11-30056171442022-12-012023-11-30056171442021-11-30056171442021-12-012022-11-30056171442022-11-3005617144ns10:Originalns15:EnglandWales2022-12-012023-11-3005617144ns14:PoundSterlingns10:Original2022-12-012023-11-3005617144ns10:Originalns10:Director12022-12-012023-11-3005617144ns10:Original2022-12-012023-11-3005617144ns10:Original2023-11-3005617144ns10:Originalns10:PrivateLimitedCompanyLtd2022-12-012023-11-3005617144ns10:Originalns10:SmallEntities2022-12-012023-11-3005617144ns10:Originalns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3005617144ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3005617144ns10:SmallCompaniesRegimeForAccountsns10:Original2022-12-012023-11-3005617144ns10:Originalns10:FullAccounts2022-12-012023-11-3005617144ns10:Originalns10:Director22022-12-012023-11-3005617144ns10:Originalns10:Director32022-12-012023-11-3005617144ns10:Originalns10:RegisteredOffice2022-12-012023-11-3005617144ns10:Original2022-11-3005617144ns10:Originalns5:CurrentFinancialInstruments2023-11-3005617144ns10:Originalns5:CurrentFinancialInstruments2022-11-3005617144ns5:ShareCapitalns10:Original2023-11-3005617144ns5:ShareCapitalns10:Original2022-11-3005617144ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-11-3005617144ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-11-3005617144ns10:Originalns5:PlantMachinery2022-12-012023-11-3005617144ns10:Originalns5:FurnitureFittings2022-12-012023-11-3005617144ns10:Original2021-12-012022-11-3005617144ns10:Originalns5:PlantMachinery2022-11-3005617144ns10:Originalns5:FurnitureFittings2022-11-3005617144ns10:Original2022-11-3005617144ns10:Originalns5:PlantMachinery2023-11-3005617144ns10:Originalns5:FurnitureFittings2023-11-3005617144ns10:Originalns5:PlantMachinery2022-11-3005617144ns10:Originalns5:FurnitureFittings2022-11-3005617144ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3005617144ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3005617144ns10:Original1ns10:Director12022-11-3005617144ns10:Original1ns10:Director12021-11-3005617144ns10:Original1ns10:Director12022-12-012023-11-3005617144ns10:Original1ns10:Director12021-12-012022-11-3005617144ns10:Original1ns10:Director12023-11-3005617144ns10:Original1ns10:Director12022-11-3005617144ns10:Originalns10:Director222022-11-3005617144ns10:Originalns10:Director222021-11-3005617144ns10:Originalns10:Director222022-12-012023-11-3005617144ns10:Originalns10:Director222021-12-012022-11-3005617144ns10:Originalns10:Director222023-11-3005617144ns10:Originalns10:Director222022-11-3005617144ns10:Originalns10:Director332022-11-3005617144ns10:Originalns10:Director332021-11-3005617144ns10:Originalns10:Director332022-12-012023-11-3005617144ns10:Originalns10:Director332021-12-012022-11-3005617144ns10:Originalns10:Director332023-11-3005617144ns10:Originalns10:Director332022-11-30
REGISTERED NUMBER: 05617144 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

INSCYTE LIMITED

INSCYTE LIMITED (REGISTERED NUMBER: 05617144)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


INSCYTE LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTORS: Mrs T Denison
Mr I Denison
Mr S Mcalpine





REGISTERED OFFICE: 61 Charlotte Street
St Pauls Square
Birmingham
B3 1PX





REGISTERED NUMBER: 05617144 (England and Wales)





ACCOUNTANTS: C J Petty Limited
Chartered Accountants
Chestnut House
High Offley Road
Woodseaves
Stafford
Staffordshire
ST20 0LG

INSCYTE LIMITED (REGISTERED NUMBER: 05617144)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,032 5,090

CURRENT ASSETS
Debtors 5 104,153 135,339
Cash at bank and in hand 13,220 4,406
117,373 139,745
CREDITORS
Amounts falling due within one year 6 67,669 84,029
NET CURRENT ASSETS 49,704 55,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,736

60,806

PROVISIONS FOR LIABILITIES 2,666 753
NET ASSETS 61,070 60,053

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 60,870 59,853
SHAREHOLDERS' FUNDS 61,070 60,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

INSCYTE LIMITED (REGISTERED NUMBER: 05617144)

BALANCE SHEET - continued
30 November 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 Profit & loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 January 2024 and were signed on its behalf by:





Mr I Denison - Director


INSCYTE LIMITED (REGISTERED NUMBER: 05617144)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Inscyte 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.

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.
Equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 9 ) .

INSCYTE LIMITED (REGISTERED NUMBER: 05617144)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
Equipment fittings Totals
£    £    £   
COST
At 1 December 2022 9,267 - 9,267
Additions 4,431 9,549 13,980
At 30 November 2023 13,698 9,549 23,247
DEPRECIATION
At 1 December 2022 4,177 - 4,177
Charge for year 2,651 2,387 5,038
At 30 November 2023 6,828 2,387 9,215
NET BOOK VALUE
At 30 November 2023 6,870 7,162 14,032
At 30 November 2022 5,090 - 5,090

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 91,147 81,179
Other debtors 13,006 54,160
104,153 135,339

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 18,086
Taxation and social security 65,510 65,943
Other creditors 2,159 -
67,669 84,029

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Mr I Denison
Balance outstanding at start of year 54,060 -
Amounts advanced 1,074 54,060
Amounts repaid (54,060 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,074 54,060

INSCYTE LIMITED (REGISTERED NUMBER: 05617144)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs T Denison
Balance outstanding at start of year - -
Amounts advanced 8,832 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,832 -

Mr S Mcalpine
Balance outstanding at start of year - -
Amounts advanced 3,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,000 -