Company Registration No. 11310997 (England and Wales)
Incredible Bulk Ltd
Unaudited accounts
for the year ended 30 April 2024
Incredible Bulk Ltd
Unaudited accounts
Contents
Incredible Bulk Ltd
Company Information
for the year ended 30 April 2024
Directors
Gemma Brocklebank
Jack Pound
Company Number
11310997 (England and Wales)
Registered Office
29 BLACKWOOD CLOSE
WEST BYFLEET
KT14 6PP
ENGLAND
Accountants
Golding & Co Accounting Services Limited
29 Blackwood Close
West Byfleet
Surrey
KT14 6PP
Incredible Bulk Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
19,234
25,646
Cash at bank and in hand
2,576
4,915
Creditors: amounts falling due within one year
(24,558)
(31,153)
Net current liabilities
(13,494)
(17,980)
Total assets less current liabilities
5,877
7,839
Creditors: amounts falling due after more than one year
(12,583)
(15,262)
Net liabilities
(6,706)
(7,423)
Called up share capital
50
50
Profit and loss account
(6,756)
(7,473)
Shareholders' funds
(6,706)
(7,423)
For the year ending 30 April 2024 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 22 September 2024 and were signed on its behalf by
Jack Pound
Director
Company Registration No. 11310997
Incredible Bulk Ltd
Notes to the Accounts
for the year ended 30 April 2024
Incredible Bulk Ltd is a private company, limited by shares, registered in England and Wales, registration number 11310997. The registered office is 29 BLACKWOOD CLOSE, WEST BYFLEET, KT14 6PP, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% - Reducing Balance
Motor vehicles
25% - Reducing Balance
Computer equipment
33% Straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Incredible Bulk Ltd
Notes to the Accounts
for the year ended 30 April 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
2,857
48,584
200
51,641
At 30 April 2024
2,857
48,584
200
51,641
At 1 May 2023
2,274
23,521
200
25,995
Charge for the year
146
6,266
-
6,412
At 30 April 2024
2,420
29,787
200
32,407
At 30 April 2024
437
18,797
-
19,234
At 30 April 2023
583
25,063
-
25,646
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
3,088
3,088
Taxes and social security
76
-
Loans from directors
21,394
28,065
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
12,583
15,262
Incredible Bulk Ltd
Notes to the Accounts
for the year ended 30 April 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).