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Company Registration No. 08632374 (England and Wales)
Incubis Associates Ltd Unaudited accounts for the year ended 31 July 2024
Incubis Associates Ltd Unaudited accounts Contents
Page
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Incubis Associates Ltd Company Information for the year ended 31 July 2024
Directors
Adrian George Rayner Jane Rayner
Company Number
08632374 (England and Wales)
Registered Office
Made Simple Group 20-22 Wenlock Road London London N1 7GU England
Accountants
Taxhelp.co.uk 102 Sunny Bank Kingston-upon-Hull East Riding of Yorkshire HU3 1LF
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Incubis Associates Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,771 
10,413 
Investments
1 
1 
8,772 
10,414 
Current assets
Debtors
209 
210 
Cash at bank and in hand
910 
7,812 
1,119 
8,022 
Creditors: amounts falling due within one year
(18,792)
(28,260)
Net current liabilities
(17,673)
(20,238)
Net liabilities
(8,901)
(9,824)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(9,001)
(9,924)
Shareholders' funds
(8,901)
(9,824)
For the year ending 31 July 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 April 2025 and were signed on its behalf by
Adrian George Rayner Director Company Registration No. 08632374
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Incubis Associates Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Incubis Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 08632374. The registered office is Made Simple Group, 20-22 Wenlock Road, London, London, N1 7GU, 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.
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.
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:
Land & buildings
10% on Cost
Plant & machinery
20% on Cost
Fixtures & fittings
10% or 20% on Cost
Computer equipment
33% on Cost
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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Incubis Associates Ltd Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2023
12,816 
684 
4,429 
2,470 
20,399 
Additions
- 
158 
- 
797 
955 
At 31 July 2024
12,816 
842 
4,429 
3,267 
21,354 
Depreciation
At 1 August 2023
5,127 
539 
2,409 
1,911 
9,986 
Charge for the year
1,281 
168 
602 
546 
2,597 
At 31 July 2024
6,408 
707 
3,011 
2,457 
12,583 
Net book value
At 31 July 2024
6,408 
135 
1,418 
810 
8,771 
At 31 July 2023
7,689 
145 
2,020 
559 
10,413 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 August 2023
1 
Valuation at 31 July 2024
1 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
209 
210 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,092 
1,899 
Other creditors
389 
389 
Loans from directors
16,461 
25,047 
Accruals
850 
925 
18,792 
28,260 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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