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Registered number: 11496847
Ingy Investment Cycle Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Devonports LAS Accountants Ltd
Cumberland House
24 - 28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3
Page 1
Balance Sheet
Registered number: 11496847
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 41,000 41,000
Cash at bank and in hand 102 98
41,102 41,098
Creditors: Amounts Falling Due Within One Year 5 (43,231 ) (42,791 )
NET CURRENT ASSETS (LIABILITIES) (2,129 ) (1,693 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,129 ) (1,693 )
NET LIABILITIES (2,129 ) (1,693 )
CAPITAL AND RESERVES
Called up share capital 6 100 19
Profit and Loss Account (2,229 ) (1,712 )
SHAREHOLDERS' FUNDS (2,129) (1,693)
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Thomas O'Connor
Director
12/04/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ingy Investment Cycle Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11496847 . The registered office is The Rivendell Centre, White Horse Lane, Maldon, Essex, CM9 5QP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Stocks
2023 2022
£ £
Stock 41,000 41,000
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Capital grants 43,231 42,791
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 19
Page 3