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Registration number: 14028227

Inception Pro Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Inception Pro Ltd

Contents
for the Year Ended 30 April 2024

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Inception Pro Ltd

Company Information
for the Year Ended 30 April 2024

Director

L Evans

Registered office

St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

Registered number

14028227 ( England and Wales )

Accountants

Windsor Accountancy Limited
Chartered Certified Accountants
St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

 

Inception Pro Ltd

(Registration number: 14028227)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

3,750

532

Cash at bank and in hand

 

8,769

12,093

 

12,519

12,625

Creditors: Amounts falling due within one year

5

(10,278)

(7,715)

Net assets

 

2,241

4,910

Capital and reserves

 

Called up share capital

1

1

Retained earnings

2,240

4,909

Shareholders' funds

 

2,241

4,910

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 October 2024
 

.........................................
L Evans
Director

 

Inception Pro Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

These financial statements were authorised for issue by the director on 16 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Inception Pro Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Secured debts

Quba Solutions Limited has a fixed and floating charge over the assets of the company, created on 17 April 2024.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

Current

2024
£

2023
£

Prepayments and accrued income

3,750

532

 

3,750

532

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

4,752

2,411

Accruals and deferred income

1,750

1,783

Other creditors

3,776

3,521

10,278

7,715

 

Inception Pro Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Related party transactions

2024

At 1 May 2023
£

Advances to director
£

Repayments by director
£

At 30 April 2024
£

Advances and credits

(3,521)

1,157

(1,412)

(3,776)

 

2023

At 5 April 2022
£

Advances to director
£

Repayments by director
£

At 30 April 2023
£

Advances and credits

-

1

(3,522)

(3,521)

 

Other transactions with the director

The balance due to the director at the year end date was free of interest and deemed repayable on demand.