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Registered number: 03497621
Inca Europe Ltd.
Unaudited Financial Statements
For The Year Ended 31 December 2024
CCF Accountancy Limited
Chartered Certified Accountants & Chartered Tax Advisers
20 Victoria Avenue
Harrogate
HG1 5QY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03497621
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,041 7,378
3,041 7,378
CURRENT ASSETS
Debtors 5 7,309 14,585
Cash at bank and in hand 5,838 6,306
13,147 20,891
Creditors: Amounts Falling Due Within One Year 6 (49,578 ) (56,354 )
NET CURRENT ASSETS (LIABILITIES) (36,431 ) (35,463 )
TOTAL ASSETS LESS CURRENT LIABILITIES (33,390 ) (28,085 )
Creditors: Amounts Falling Due After More Than One Year 7 (831 ) (2,833 )
NET LIABILITIES (34,221 ) (30,918 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (34,223 ) (30,920 )
SHAREHOLDERS' FUNDS (34,221) (30,918)
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Brian Ogrady
Director
18/09/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Inca Europe Ltd. is a private company, limited by shares, incorporated in Northern Ireland, registered number 03497621 . The registered office is Suite 23 Claro Court Business Centre, Claro Road, Harrogate, N Yorks, HG1 4BA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 9,500 7,670 17,170
As at 31 December 2024 9,500 7,670 17,170
Depreciation
As at 1 January 2024 2,375 7,417 9,792
Provided during the period 1,781 2,556 4,337
As at 31 December 2024 4,156 9,973 14,129
Net Book Value
As at 31 December 2024 5,344 (2,303 ) 3,041
As at 1 January 2024 7,125 253 7,378
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,309 14,585
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 32,577 37,798
Bank loans and overdrafts 2,002 2,000
Other creditors 9,471 11,747
Taxation and social security 5,528 4,809
49,578 56,354
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 831 2,833
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4