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REGISTERED NUMBER: SC647133 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Inci (Scot) Ltd

Inci (Scot) Ltd (Registered number: SC647133)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Inci (Scot) Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: M Inci





REGISTERED OFFICE: Unit 3, Morris Park
37 Rosyth Road
Glasgow
G5 0YE





REGISTERED NUMBER: SC647133 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Inci (Scot) Ltd (Registered number: SC647133)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,486 23,717

CURRENT ASSETS
Stocks 5 149 164
Debtors 6 12,250 10,000
Cash at bank and in hand 21,883 30,204
34,282 40,368
CREDITORS
Amounts falling due within one year 7 37,816 37,253
NET CURRENT (LIABILITIES)/ASSETS (3,534 ) 3,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,952

26,832

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 16,852 26,732
SHAREHOLDERS' FUNDS 16,952 26,832

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 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.

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 31 July 2024 and were signed by:





M Inci - Director


Inci (Scot) Ltd (Registered number: SC647133)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Inci (Scot) Ltd is a private company, limited by shares , registered in Scotland. 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.
Fixtures and fittings - 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 December 2022 33,149
Additions 384
At 30 November 2023 33,533
DEPRECIATION
At 1 December 2022 9,432
Charge for year 3,615
At 30 November 2023 13,047
NET BOOK VALUE
At 30 November 2023 20,486
At 30 November 2022 23,717

Inci (Scot) Ltd (Registered number: SC647133)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. STOCKS
30.11.23 30.11.22
£    £   
Stocks 149 164

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Loan a/c - Besnili (Scot) Ltd 12,250 10,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax 9,163 6,114
Social security and other taxes 15,763 15,569
HSBC BBL Loan 10,701 14,850
Directors' current accounts 1,319 -
Accrued expenses 870 720
37,816 37,253

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 December 2022 26,732
Deficit for the year (4,880 )
Dividends (5,000 )
At 30 November 2023 16,852