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REGISTERED NUMBER: 04102667 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2024

FOR

INCHWARE LIMITED

INCHWARE LIMITED (REGISTERED NUMBER: 04102667)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INCHWARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2024







DIRECTOR: R P Morris





SECRETARY: Mrs J A Morris





REGISTERED OFFICE: Bank Chambers
High Street
CRANBROOK
Kent
TN17 3EG





BUSINESS ADDRESS: 4 White Acres Drive
Holyport
Maidenhead
Berkshire
SL6 2EH





REGISTERED NUMBER: 04102667 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ

INCHWARE LIMITED (REGISTERED NUMBER: 04102667)

BALANCE SHEET
30TH NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 3,795 4,155
Investment property 7 706,000 706,000
709,795 710,155

CURRENT ASSETS
Debtors 8 487 496
Cash at bank and in hand 48,466 64,028
48,953 64,524
CREDITORS
Amounts falling due within one year 9 1,902 3,452
NET CURRENT ASSETS 47,051 61,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

756,846

771,227

PROVISIONS FOR LIABILITIES 12,643 12,681
NET ASSETS 744,203 758,546

CAPITAL AND RESERVES
Called up share capital 10 1,400 1,400
Fair value reserve 11 137,231 137,231
Retained earnings 605,572 619,915
SHAREHOLDERS' FUNDS 744,203 758,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th March 2025 and were signed by:





R P Morris - Director


INCHWARE LIMITED (REGISTERED NUMBER: 04102667)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024

1. STATUTORY INFORMATION

Inchware Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on a straight line basis, 25% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred 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 or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

INCHWARE LIMITED (REGISTERED NUMBER: 04102667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st December 2023
and 30th November 2024 15,000
AMORTISATION
At 1st December 2023
and 30th November 2024 15,000
NET BOOK VALUE
At 30th November 2024 -
At 30th November 2023 -

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings Bicycle equipment Totals
£    £    £    £   
COST
At 1st December 2023 36,586 833 56,028 93,447
Additions - - 413 413
At 30th November 2024 36,586 833 56,441 93,860
DEPRECIATION
At 1st December 2023 32,542 722 56,028 89,292
Charge for year 607 28 138 773
At 30th November 2024 33,149 750 56,166 90,065
NET BOOK VALUE
At 30th November 2024 3,437 83 275 3,795
At 30th November 2023 4,044 111 - 4,155

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st December 2023
and 30th November 2024 706,000
NET BOOK VALUE
At 30th November 2024 706,000
At 30th November 2023 706,000

Fair value at 30th November 2024 is represented by:
£   
Valuation in 2024 706,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 487 496

INCHWARE LIMITED (REGISTERED NUMBER: 04102667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,902 3,452

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary A £1 1,000 1,000
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
100 Ordinary D £1 100 100
100 Ordinary E £1 100 100
1,400 1,400

11. RESERVES
Fair
value
reserve
£   
At 1st December 2023
and 30th November 2024 137,231