REGISTERED NUMBER: |
INCLYNE LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024 |
REGISTERED NUMBER: |
INCLYNE LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024 |
INCLYNE LTD (REGISTERED NUMBER: 01265893) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
INCLYNE LTD (REGISTERED NUMBER: 01265893) |
BALANCE SHEET |
31 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
INCLYNE LTD (REGISTERED NUMBER: 01265893) |
BALANCE SHEET - continued |
31 MARCH 2024 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
INCLYNE LTD (REGISTERED NUMBER: 01265893) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
Inclyne Ltd is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Land & Buildings | - |
Improvements to property | - |
Office equipment | - |
Taxation |
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | TANGIBLE FIXED ASSETS |
Improvements |
Land & | Short | to | Office |
Buildings | leasehold | property | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 August 2023 |
and 31 March 2024 |
DEPRECIATION |
At 1 August 2023 |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 July 2023 |
INCLYNE LTD (REGISTERED NUMBER: 01265893) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 AUGUST 2023 TO 31 MARCH 2024 |
4. | TANGIBLE FIXED ASSETS - continued |
Included in cost of land and buildings is freehold land of £ 49,000 (2023 - £ 49,000 ) which is not depreciated. |
In the opinion of the directors, the value of land and buildings would be £135,000. However, under the current Covid-19 pandemic affecting all commercial and domestic property sales by placing them all on hold, it has been decided not to reflect any revaluation changes in the historic value of the land and buildings, as at present, there is no foreseeable market for the property and the directors feel it is prudent that the value reflected in the accounts remains at the original historic cost. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |
8. | RELATED PARTY DISCLOSURES |
Monies were owed to the directors at the year end amounting to £81,767 (2023 £80,347) this figure being included in creditors payable in under one year of £8,967 (2023 £7,547) and over one year of £72,800 (2023 £72,800). |
The company is under the control of its directors who holds 100% of the issued share capital. |