Company Registration No. 11776351 (England and Wales)
INGANTA CONCEPTS LTD
Unaudited accounts
for the year ended 31 January 2024
INGANTA CONCEPTS LTD
Unaudited accounts
Contents
INGANTA CONCEPTS LTD
Company Information
for the year ended 31 January 2024
Secretary
Abimbola Afolabi
Company Number
11776351 (England and Wales)
Registered Office
Hoxton Mix, 3rd Floor
86-90 Paul Street
London
EC2A 4NE
United Kingdom
Accountants
Brown & Bam Associates
143 Pembury Avenue
Worcester Park
Surrey
County (optional)
KT4 8BX
INGANTA CONCEPTS LTD
Accountants' report
Accountants' report to the director of INGANTA CONCEPTS LTD on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
INGANTA CONCEPTS LTD for the year ended
31 January 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of INGANTA CONCEPTS LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of INGANTA CONCEPTS LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than INGANTA CONCEPTS LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that INGANTA CONCEPTS LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of INGANTA CONCEPTS LTD. You consider that INGANTA CONCEPTS LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of INGANTA CONCEPTS LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brown & Bam Associates
143 Pembury Avenue
Worcester Park
Surrey
County (optional)
KT4 8BX
30 October 2024
INGANTA CONCEPTS LTD
Statement of financial position
as at 31 January 2024
Tangible assets
1,696
2,122
Cash at bank and in hand
28,502
28,502
Creditors: amounts falling due within one year
(31,334)
(31,332)
Net current assets
62,225
63,407
Total assets less current liabilities
123,921
125,529
Creditors: amounts falling due after more than one year
(50,000)
(50,000)
Called up share capital
10,000
10,000
Profit and loss account
63,921
65,529
Shareholders' funds
73,921
75,529
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 30 October 2024 and were signed on its behalf by
Abimbola Afolabi
Director
Company Registration No. 11776351
INGANTA CONCEPTS LTD
Notes to the Accounts
for the year ended 31 January 2024
INGANTA CONCEPTS LTD is a private company, limited by shares, registered in England and Wales, registration number 11776351. The registered office is Hoxton Mix, 3rd Floor, 86-90 Paul Street, London, EC2A 4NE, United Kingdom.
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Other tangible fixed assets
20
The board of director(s) has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. For these reasons, the board decides to continue to adopt the going concern basis in preparing the financial statements for the company.
Investments in shares are included at fair value.
INGANTA CONCEPTS LTD
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
900
4,137
5,037
At 31 January 2024
900
4,137
5,037
At 1 February 2023
283
2,632
2,915
Charge for the year
63
363
426
At 31 January 2024
346
2,995
3,341
At 31 January 2024
554
1,142
1,696
At 31 January 2023
617
1,505
2,122
5
Investments
Other investments
Valuation at 1 February 2023
60,000
Valuation at 31 January 2024
60,000
Amounts falling due within one year
Amounts due from group undertakings etc.
10,000
10,000
Accrued income and prepayments
53,097
54,277
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
16,449
16,449
Other creditors
2,995
2,993
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).