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Company Registration No. 10072262 (England and Wales)
Inception2 Ltd Unaudited accounts for the year ended 31 March 2024
Inception2 Ltd Unaudited accounts Contents
Page
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Inception2 Ltd Company Information for the year ended 31 March 2024
Directors
Neil Hanham Mark Tansey
Company Number
10072262 (England and Wales)
Accountants
Black & White Chartered Certified Accountants 2-3 Stable Court Herriard Park Herriard Hampshire RG25 2PL
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Inception2 Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
937 
2,047 
Current assets
Debtors
219 
- 
Cash at bank and in hand
3,027 
7,136 
3,246 
7,136 
Creditors: amounts falling due within one year
(1,467)
(2,544)
Net current assets
1,779 
4,592 
Net assets
2,716 
6,639 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
2,714 
6,637 
Shareholders' funds
2,716 
6,639 
For the year ending 31 March 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 14 October 2024 and were signed on its behalf by
Neil Hanham Director Company Registration No. 10072262
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Inception2 Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Inception2 Ltd is a private company, limited by shares, registered in England and Wales, registration number 10072262.
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.
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:
Computer equipment
20% straight line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
5,552 
At 31 March 2024
5,552 
Depreciation
At 1 April 2023
3,505 
Charge for the year
1,110 
At 31 March 2024
4,615 
Net book value
At 31 March 2024
937 
At 31 March 2023
2,047 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
219 
- 
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Inception2 Ltd Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
1,113 
Loans from directors
732 
731 
Accruals
735 
700 
1,467 
2,544 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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