01 March 2023 28 February 2024 No principle activity is included 04062665 2023-03-01 04062665 2024-02-28 04062665 2023-03-01 2024-02-28 04062665 2023-02-28 04062665 2022-03-01 2023-02-28 04062665 uk-core:WithinOneYear 2024-02-28 04062665 uk-core:WithinOneYear 2023-02-28 04062665 uk-core:ShareCapital 2024-02-28 04062665 uk-core:ShareCapital 2023-02-28 04062665 uk-core:RetainedEarningsAccumulatedLosses 2024-02-28 04062665 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 04062665 uk-bus:Director1 2023-03-01 2024-02-28 04062665 uk-curr:PoundSterling 2023-03-01 2024-02-28 04062665 uk-core:OfficeEquipment 2023-03-01 2024-02-28 04062665 uk-core:NetGoodwill 2023-02-28 04062665 uk-core:NetGoodwill 2024-02-28 04062665 uk-core:FurnitureFittingsToolsEquipment 2023-02-28 04062665 uk-core:FurnitureFittingsToolsEquipment 2024-02-28 04062665 uk-core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-28 04062665 uk-bus:FRS102 2023-03-01 2024-02-28 04062665 uk-bus:FullAccounts 2023-03-01 2024-02-28 04062665 uk-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 04062665 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  INCA PIXMORE LTD
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 28 FEBRUARY 2024
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  INCA PIXMORE LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 28 FEBRUARY 2024
       
       
  DIRECTOR
       
  Mr A N Taggart
       
       
  SECRETARY
       
  Mr L A Taggart
       
  REGISTERED OFFICE
       
  25 Park Street West
Luton
Beds.LU1 3BE.
       
       
  COMPANY REGISTERED NUMBER
       
  04062665
       
       
  BANKERS
       
  Lloyds TSB Bank Plc
       
       
  ACCOUNTANTS
       
  Haartwells
  Chartered Certified Accountants
  25 Park Street West
Luton
Beds.LU1 3BE
  page 1
  INCA PIXMORE LTD
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 28 FEBRUARY 2024
       
       
       
       
  CONTENTS
       
  Pages
       
       
  3 Statement of Financial Position  
       
       
  4-7 Notes to the Financial Statements  
       
     
  page 2
  INCA PIXMORE LTD
  Company registered number: 04062665
  STATEMENT OF FINANCIAL POSITION AT 28 February 2024
           
    Note 2024 2023
      £ £ £
  FIXED ASSETS
  Plant and equipment 4 3,040 3,577
  CURRENT ASSETS    
  Inventories   684 774
  Debtors 5 58,250 58,250
  Cash at bank and in hand   3,356 3,655
      62,290 62,679
  CREDITORS: Amounts falling due within one year 6 1,456 2,654
  NET CURRENT ASSETS   60,834 60,025
  NET ASSETS   £63,874 £63,602
       
  CAPITAL AND RESERVES
  Called up share capital   100 100
  Retained earnings   63,774 63,502
  SHAREHOLDERS' FUNDS   £63,874 £63,602
       
       
       
  In approving these financial statements as director of the company I hereby confirm the following:
       
  For the year in question 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 of its financial statements for the year ended 28 February 2024 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 28 November 2024
 
  Signed on behalf of the board of directors
 
 
       
  Mr A N Taggart, Director
       
       
  The notes on pages 4-7 form part of these financial statements
   
  page 3
  INCA PIXMORE LTD
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 28 FEBRUARY 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  Inca Pixmore Ltd is a Private limited company incorporated in England and Wales.
         
  The company's registered number and registered office address can be found on the Company Information page.
         
  These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 March 2023.
         
  The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
         
 
         
  Basis of accounting
         
 
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Borrowing costs
         
  Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
         
 
         
1e. Taxation
         
         
  Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
         
  Intangible assets
         
         
         
         
  The notes on pages 4-7 form part of these financial statements
   
  page 4
  INCA PIXMORE LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 28 FEBRUARY 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
       
1g. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Equipment Reducing balance 15%  
         
1h. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
         
1i. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
         
1j. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
         
1k. Interest bearing borrowings
         
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
         
         
1l. Leased assets
         
  Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.
         
 
         
  The notes on pages 4-7 form part of these financial statements
   
  page 5
  INCA PIXMORE LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 28 FEBRUARY 2024
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2024 2023
       
  Management and administration 1 1
  Production and sales 1 1
    2 2
   
       
       
3. INTANGIBLE FIXED ASSETS
       
    Goodwill Total
    £ £
  Cost
       
  At 1 March 2023 45,000 45,000
  At 28 February 2024 45,000 45,000
  Amortisation
       
  At 1 March 2023 45,000 45,000
  At 28 February 2024 45,000 45,000
   
  Net Book Amounts
       
  At 28 February 2024 - -
   
  The notes on pages 4-7 form part of these financial statements
   
  page 6
  INCA PIXMORE LTD
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 28 FEBRUARY 2024
       
4. PROPERTY, PLANT AND EQUIPMENT
    Fixtures &  
    Equipment Total
    £ £
  Cost
       
  At 1 March 2023 20,558 20,558
       
  At 28 February 2024 20,558 20,558
   
  Depreciation
       
  At 1 March 2023 16,981 16,981
  For the year 537 537
  At 28 February 2024 17,518 17,518
   
  Net Book Amounts
       
  At 28 February 2024 3,040 3,040
  At 28 February 2023 3,577 3,577
   
       
       
5. DEBTORS 2024 2023
    £ £
  Trade debtors 58,250 58,250
    £58,250 £58,250
   
       
       
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2024 2023
    £ £
  Corporation tax 575 323
  Other taxes and social security 74 74
  Other creditors 807 1,357
  Accruals and deferred income - 900
    £1,456 £2,654
   
       
  The notes on pages 4-7 form part of these financial statements
   
  page 7