Inception Worldwide Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10553641 (England and Wales)

INCEPTION WORLDWIDE LIMITED

Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Director's Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

M Hutchinson

REGISTERED OFFICE:

The Old Church

Quicks Road

Wimbledon

London

SW19 1EX

REGISTERED NUMBER:

10553641 (England and Wales)

ACCOUNTANTS:

BDA Associates Limited

Chartered Accountants

Global House

1 Ashley Avenue

Epsom

Surrey

KT18 5AD

PRINCIPAL ACTIVITY

The principal activity is the planning and delivery of large-scale international events.

DIRECTORS

The directors who served during the year and up to the date of this report were:

- Mark Hutchinson

BUSINESS REVIEW

We are a global agency dedicated to crafting immersive brand experiences that captivate, connect, and drive measurable results. By combining strategic insight, audience research, and spatial design, we deliver environments such as exhibitions, tradeshows, live events, branded content and video that resonate deeply and maximise ROI.

Over the past year, we have built on strong growth across all our key sectors with new client wins and strengthened partnerships, becoming a preferred supplier to several global event organisers. We've deepened our presence in Brand licensing, Fintech, Aerospace, and the Entertainment and Fan-Based Events space

By the year end 31st December 2024, the company delivered over 100% growth in brand experiences globally, and with a well-diversified client base and project spread across geographies, we enter 2025 with strong momentum and confidence.

STATEMENT OF THE DIRECTORS' RESPONSIBILITIES

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

M Hutchinson - Director

29 September 2025

FIXED ASSETS

Tangible assets

4

41,971

44,658

CURRENT ASSETS

Debtors

5

1,510,862

552,783

Cash at bank

2,140,125

1,360,419

3,650,987

1,913,202

CREDITORS

Amounts falling due within one year

6

3,406,559

1,660,431

NET CURRENT ASSETS

244,428

252,771

TOTAL ASSETS LESS CURRENT

LIABILITIES

286,399

297,429

CREDITORS

Amounts falling due after more than one

year

7

(29,788

)

(37,143

)

PROVISIONS FOR LIABILITIES

(10,493

)

(11,165

)

NET ASSETS

246,118

249,121

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

246,117

249,120

SHAREHOLDERS' FUNDS

246,118

249,121

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 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.

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 29 September 2025 and were signed by:

M Hutchinson - Director

1.	STATUTORY INFORMATION

Inception Worldwide 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 4 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 January 2024

61,590

12,010

73,600

Additions

-

10,850

At 31 December 2024

61,590

22,860

84,450

DEPRECIATION

At 1 January 2024

21,351

7,591

28,942

Charge for year

7,377

6,160

13,537

At 31 December 2024

28,728

13,751

42,479

NET BOOK VALUE

At 31 December 2024

32,862

9,109

41,971

At 31 December 2023

40,239

4,419

44,658

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

1,101,739

510,884

Other debtors

409,123

41,899

1,510,862

552,783

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Hire purchase contracts

7,355

Trade creditors

146,391

180,592

Taxation and social security

300,020

128,555

Other creditors

2,952,793

1,343,929

3,406,559

1,660,431

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR

31.12.24

31.12.23

£

Hire purchase contracts

29,788

37,143