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REGISTERED NUMBER: 04044618 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 March 2024

for

Inc Dot Com Limited
Trading as
Inc Dot Design & Print

Inc Dot Com Limited (Registered number: 04044618)
Trading as Inc Dot Design & Print






Contents of the Financial Statements
for the Year Ended 30 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Inc Dot Com Limited (Registered number: 04044618)
Trading as Inc Dot Design & Print

Balance Sheet
30 March 2024

30.3.24 30.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,171 123,941

CURRENT ASSETS
Stocks 44,297 44,297
Debtors 5 85,474 83,182
Cash in hand - 612
129,771 128,091
CREDITORS
Amounts falling due within one year 6 330,576 302,837
NET CURRENT LIABILITIES (200,805 ) (174,746 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(80,634

)

(50,805

)

CREDITORS
Amounts falling due after more than one
year

7

85,067

126,330
NET LIABILITIES (165,701 ) (177,135 )

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings (265,701 ) (277,135 )
(165,701 ) (177,135 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 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.

Inc Dot Com Limited (Registered number: 04044618)
Trading as Inc Dot Design & Print

Balance Sheet - continued
30 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 March 2025 and were signed by:





N J A Turnbull - Director


Inc Dot Com Limited (Registered number: 04044618)
Trading as Inc Dot Design & Print

Notes to the Financial Statements
for the Year Ended 30 March 2024

1. STATUTORY INFORMATION

Inc Dot Com Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 04044618 and the registered office address is Inc Dot House, Seafire Close, Clifton Moor, York, YO30 4UU

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts.

Revenue is recognised when it can be reliably measured and it is probably that future economic benefits will flow to the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Over the period of the lease.
Plant and machinery etc - 25% on reducing balance and at variable rates on reducing balance

The cost of tangible assets includes directly attributable costs incurred in their acquisition and installation.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Inc Dot Com Limited (Registered number: 04044618)
Trading as Inc Dot Design & Print

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 31 March 2023 4,158 336,536 340,694
Additions - 14,880 14,880
At 30 March 2024 4,158 351,416 355,574
DEPRECIATION
At 31 March 2023 1,663 215,090 216,753
Charge for year 416 18,234 18,650
At 30 March 2024 2,079 233,324 235,403
NET BOOK VALUE
At 30 March 2024 2,079 118,092 120,171
At 30 March 2023 2,495 121,446 123,941

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 30.3.23
£    £   
Trade debtors 66,918 67,925
Other debtors 18,556 15,257
85,474 83,182

Inc Dot Com Limited (Registered number: 04044618)
Trading as Inc Dot Design & Print

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 30.3.23
£    £   
Bank loans and overdrafts 31,921 30,327
Hire purchase contracts 14,006 8,742
Trade creditors 32,340 23,619
Taxation and social security 72,013 58,475
Other creditors 180,296 181,674
330,576 302,837

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.3.24 30.3.23
£    £   
Bank loans 31,120 37,040
Hire purchase contracts 20,025 34,859
Other creditors 33,922 54,431
85,067 126,330

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,280 13,040

8. SECURED DEBTS

The following secured debts are included within creditors:

30.3.24 30.3.23
£    £   
Bank overdrafts 25,961 24,327
Hire purchase contracts 34,031 43,601
59,992 67,928

The bank overdraft is secured by a fixed and floating charge over the company's assets.

The hire purchase creditor is secured on the tangible assets listed in the agreements.

9. OTHER FINANCIAL COMMITMENTS

The company has future commitments under a property lease totalling £88,000 (2023 £123,200), which are not included in the balance sheet.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director and his family members have made interest-free loans to the company totalling £136,414 (2023: £147,273). The loans are repayable on demand.