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Registered number: 06444818

Incube Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024

Prepared By:
PJK Accounting Ltd
Accountancy
26
Ferry Farm drive
Stafford
Staffordshire
ST17 4je

Incube Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
DIRECTORS
S Brown
E Brown
REGISTERED OFFICE
Units 8 And 9 New Road Industrial Estate
Hixon
Stafford
ST18 0PJ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06444818
ACCOUNTANTS
PJK Accounting Ltd
Accountancy
26
Ferry Farm drive
Stafford
Staffordshire
ST17 4je

Incube Limited

ACCOUNTS
FOR THEYEARENDED31/01/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Incube Limited

BALANCE SHEET AT 31/01/2024
20242023
Notes££
FIXED ASSETS
Tangible assets2301,098377,702
CURRENT ASSETS
Stock120,833108,165
Debtors4108,548148,108
Cash at bank and in hand301,538345,902
530,919602,175
CREDITORS: Amounts falling due within one year5204,019249,622
NET CURRENT ASSETS326,900352,553
TOTAL ASSETS LESS CURRENT LIABILITIES627,998730,255
PROVISIONS FOR LIABILITIES AND CHARGES775,27571,763
NET ASSETS552,723658,492
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account552,623658,392
SHAREHOLDERS' FUNDS552,723658,492
For the year ending 31/01/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 15/08/2024 and signed on their behalf by
.............................
S Brown
Director

Incube Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

Incube Limited

2. TANGIBLE FIXED ASSETS
CommercialFixtures
Vehiclesand FittingsEquipmentTotal
££££
Cost
At 01/02/2023167,63255,7741,034,8461,258,252
Additions-10,21610,59620,812
At 31/01/2024167,63265,9901,045,4421,279,064
Depreciation
At 01/02/2023107,89543,837728,819880,551
For the year14,9363,32379,15697,415
At 31/01/2024122,83147,160807,975977,966
Net Book Amounts
At 31/01/202444,80118,830237,467301,098
At 31/01/202359,73711,937306,027377,701
3. STOCK 20242023
££
Stock comprises:
Stock95,98378,647
Work in progress24,85029,518
120,833108,165
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors88,576124,197
Other debtors8,65711,622
Prepayments11,31512,289
108,548148,108

Incube Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax21,05919,203
VAT26,10430,496
PAYE control13,38311,776
Directors current account93,834114,325
Trade creditors46,01067,593
Pension schemes2,7352,190
Accruals8944,039
204,019249,622
6. EMPLOYEES
20242023
No.No.
Average number of employees2727
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation75,27571,763
75,27571,763
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100