REGISTERED NUMBER: 02564595 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

INCA CREATIVE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M J Owen

A K Lucas

SECRETARY:

M J Owen

REGISTERED OFFICE:

378 Brixton Road

London

SW9 7AW

REGISTERED NUMBER:

02564595 (England and Wales)

ACCOUNTANTS:

Averillo & Associates

Chartered Accountants

16 South End

Croydon

Surrey

CR0 1DN

FIXED ASSETS

Tangible assets

4

15,157

20,209

CURRENT ASSETS

Stocks

5

475,864

1,036,111

Debtors

6

1,210,768

1,736,303

Cash at bank

588,056

1,224,946

2,274,688

3,997,360

CREDITORS

Amounts falling due within one year

7

1,412,988

2,175,819

NET CURRENT ASSETS

861,700

1,821,541

TOTAL ASSETS LESS CURRENT LIABILITIES

876,857

1,841,750

CAPITAL AND RESERVES

Called up share capital

9

200

200

Share premium

10

34,965

34,965

Retained earnings

10

841,692

1,806,585

SHAREHOLDERS' FUNDS

876,857

1,841,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

M J Owen - Director

1.	STATUTORY INFORMATION

Inca Creative 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.

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.

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 22 (2023 - 22 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Motor

& equipment

vehicles

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

722,502

8,475

730,977

DEPRECIATION

At 1 January 2024

703,151

7,617

710,768

Charge for year

4,838

214

5,052

At 31 December 2024

707,989

7,831

715,820

NET BOOK VALUE

At 31 December 2024

14,513

644

15,157

At 31 December 2023

19,351

858

20,209

5.

STOCKS

2024

2023

£

£

Stocks

475,864

1,036,111

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

467,630

1,097,628

Other debtors

538,396

234,530

VAT

148,195

232,386

Prepayments

56,547

171,759

1,210,768

1,736,303

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other loans (see note 8)

725,000

550,000

Trade creditors

230,983

1,469,264

Corporation tax

-

4,379

Social security and other taxes

19,966

9,231

Directors' current accounts

727

727

Accruals and deferred income

436,312

142,218

1,412,988

2,175,819

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Other loans

725,000

550,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

70

A

£1

70

70

30

B

£1

30

30

100

C

£1

100

100

200

200

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2024

1,806,585

34,965

1,841,550

Deficit for the year

(964,893

)

(964,893

)

At 31 December 2024

841,692

34,965

876,657

11.	CONTINGENT LIABILITIES

The company had no contingent liabilities at the year end.

12.	CAPITAL COMMITMENTS

The company had no capital commitments at the year end.

13.	POST BALANCE SHEET EVENTS

There are no significant Post Balance Sheet Events to report.