Registered number
05619296
Incouple Limited
Filleted Accounts
31 March 2024
Incouple Limited
Registered number: 05619296
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,154 1,815
Current assets
Debtors 4 9,157 130
Cash at bank and in hand 46,369 47,102
55,526 47,232
Creditors: amounts falling due within one year 5 (14,323) (11,154)
Net current assets 41,203 36,078
Net assets 42,357 37,893
Capital and reserves
Called up share capital 100 100
Profit and loss account 42,257 37,793
Shareholders' funds 42,357 37,893
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Shirley Kay
Director
Approved by the board on 15 October 2024
Incouple Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rendering of services.Turnover from the rendering of services is recognised when the service is completed.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 33.33% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 19,778
Additions 691
At 31 March 2024 20,469
Depreciation
At 1 April 2023 17,963
Charge for the year 1,352
At 31 March 2024 19,315
Net book value
At 31 March 2024 1,154
At 31 March 2023 1,815
4 Debtors 2024 2023
£ £
Other debtors 9,157 130
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 13,723 7,768
Other creditors 600 3,386
14,323 11,154
6 Controlling party
The company is under the control of the director Shirley Kay, who owns 100% of the share capital of the company.
7 Other information
Incouple Limited is a private company limited by shares and incorporated in England. Its registered office is:
30 Sutherland Place
London
W2 5BZ
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