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Company Registration No. 08727385 (England and Wales)
Incredibly Un Limited Unaudited accounts for the year ended 31 October 2024
Incredibly Un Limited Unaudited accounts Contents
Page
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Incredibly Un Limited Company Information for the year ended 31 October 2024
Directors
L Fateh D A Taylor
Company Number
08727385 (England and Wales)
Registered Office
3 Hertford Lodge 15 East End Road London N3 3QE
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Incredibly Un Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,769 
13,529 
Current assets
Debtors
50,059 
52,778 
Cash at bank and in hand
9 
8,196 
50,068 
60,974 
Creditors: amounts falling due within one year
(65,624)
(86,222)
Net current liabilities
(15,556)
(25,248)
Total assets less current liabilities
(13,787)
(11,719)
Provisions for liabilities
Deferred tax
(337)
(2,571)
Net liabilities
(14,124)
(14,290)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(14,224)
(14,390)
Shareholders' funds
(14,124)
(14,290)
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by
L Fateh Director Company Registration No. 08727385
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Incredibly Un Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Incredibly Un Limited is a private company, limited by shares, registered in England and Wales, registration number 08727385. The registered office is 3 Hertford Lodge, 15 East End Road, London, N3 3QE.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 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:
Plant & machinery
5 years on cost
Motor vehicles
3 years on cost
Computer equipment
5 years on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Incredibly Un Limited Notes to the Accounts for the year ended 31 October 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
The accounts have been prepared on a going concern basis on the understanding that the directors will continue to support the business for the foreseeable future.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
468 
34,511 
6,939 
41,918 
Additions
276 
- 
- 
276 
At 31 October 2024
744 
34,511 
6,939 
42,194 
Depreciation
At 1 November 2023
312 
23,966 
4,111 
28,389 
Charge for the year
103 
10,545 
1,388 
12,036 
At 31 October 2024
415 
34,511 
5,499 
40,425 
Net book value
At 31 October 2024
329 
- 
1,440 
1,769 
At 31 October 2023
156 
10,545 
2,828 
13,529 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
- 
10,545 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
45,344 
41,702 
Accrued income and prepayments
2,371 
8,555 
Other debtors
2,344 
2,521 
50,059 
52,778 
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Incredibly Un Limited Notes to the Accounts for the year ended 31 October 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
11,205 
- 
VAT
13,051 
26,695 
Obligations under finance leases and hire purchase contracts
- 
8,186 
Trade creditors
15,429 
1,504 
Taxes and social security
2,485 
1,128 
Other creditors
3,318 
2,537 
Loans from directors
10,549 
23,706 
Accruals
9,587 
22,466 
65,624 
86,222 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
50 'A' Founder's shares of £1 each
50 
50 
50 'B' Founder's shares of £1 each
50 
50 
100 
100 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
D A Taylor
Included in other debtors
(9,291)
17,864 
6,229 
2,344 
(9,291)
17,864 
6,229 
2,344 
The director's loan was fully repaid within 9 months of the yearend.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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