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Registered number: 08788612
Incubiq Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
TAXPLUS ACCOUNTANTS LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08788612
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,093 -
Investments 5 700,000 -
702,093 -
CURRENT ASSETS
Debtors 6 3,993 -
Cash at bank and in hand 5,069 492
9,062 492
Creditors: Amounts Falling Due Within One Year 7 (57,000 ) (46,469 )
NET CURRENT ASSETS (LIABILITIES) (47,938 ) (45,977 )
TOTAL ASSETS LESS CURRENT LIABILITIES 654,155 (45,977 )
Creditors: Amounts Falling Due After More Than One Year 8 (700,000 ) -
NET LIABILITIES (45,845 ) (45,977 )
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Profit and Loss Account (46,845 ) (46,977 )
SHAREHOLDERS' FUNDS (45,845) (45,977)
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 Eric DUNEAU
Director
11/08/2025
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
Incubiq Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08788612 . The registered office is 46 Villiers Avenue, Surbiton, Surrey, KT5 8BD.
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:
Plant & Machinery 25%
Computer Equipment 25%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 January 2024 663 1,713 2,376
Additions - 2,791 2,791
As at 31 December 2024 663 4,504 5,167
Depreciation
As at 1 January 2024 663 1,713 2,376
Provided during the period - 698 698
As at 31 December 2024 663 2,411 3,074
Net Book Value
As at 31 December 2024 - 2,093 2,093
As at 1 January 2024 - - -
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Page 4
5. Investments
Unlisted
£
Cost
As at 1 January 2024 -
Additions 700,000
As at 31 December 2024 700,000
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 700,000
As at 1 January 2024 -
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,993 -
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Director's loan account 57,000 46,469
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 700,000 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4