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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
Page
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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
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Incredible Bulk Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
137 
173 
Tangible assets
19,234 
25,646 
19,371 
25,819 
Current assets
Inventories
8,488 
8,210 
Debtors
- 
48 
Cash at bank and in hand
2,576 
4,915 
11,064 
13,173 
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)
Capital and reserves
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
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Incredible Bulk Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
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.
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Leased assets
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.
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Incredible Bulk Ltd Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2023
360 
At 30 April 2024
360 
Amortisation
At 1 May 2023
187 
Charge for the year
36 
At 30 April 2024
223 
Net book value
At 30 April 2024
137 
At 30 April 2023
173 
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 
Depreciation
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 
Net book value
At 30 April 2024
437 
18,797 
- 
19,234 
At 30 April 2023
583 
25,063 
- 
25,646 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
48 
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 
24,558 
31,153 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
12,583 
15,262 
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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).
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