Company Registration No. 9025820 (England and Wales)
INCEPTION DESIGN STUDIOS LIMITED
Unaudited accounts
for the year ended 31 January 2024
INCEPTION DESIGN STUDIOS LIMITED
Unaudited accounts
Contents
INCEPTION DESIGN STUDIOS LIMITED
Company Information
for the year ended 31 January 2024
Director
PONVINOTHINI PONNUSAMY
Company Number
9025820 (England and Wales)
Registered Office
209 The Heights
Northolt
Middlesex
UB5 4BX
England
INCEPTION DESIGN STUDIOS LIMITED
Statement of financial position
as at 31 January 2024
Tangible assets
28,115
31,444
Cash at bank and in hand
5,554
6,278
Creditors: amounts falling due within one year
(4,553)
(4,225)
Net current assets
1,001
2,053
Total assets less current liabilities
29,116
33,497
Creditors: amounts falling due after more than one year
(28,909)
(32,976)
Called up share capital
1
1
Profit and loss account
206
520
Shareholders' funds
207
521
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 her 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 25 October 2024 and were signed on its behalf by
PONVINOTHINI PONNUSAMY
Director
Company Registration No. 9025820
INCEPTION DESIGN STUDIOS LIMITED
Notes to the Accounts
for the year ended 31 January 2024
INCEPTION DESIGN STUDIOS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 9025820. The registered office is 209 The Heights, Northolt, Middlesex, UB5 4BX, England.
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.
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:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2023
55,202
9,515
64,717
At 31 January 2024
55,202
9,515
64,717
At 1 February 2023
25,601
7,672
33,273
Charge for the year
2,960
369
3,329
At 31 January 2024
28,561
8,041
36,602
At 31 January 2024
26,641
1,474
28,115
At 31 January 2023
29,601
1,843
31,444
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
582
51
Loans from directors
1,871
2,674
INCEPTION DESIGN STUDIOS LIMITED
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).