Company Registration No. 07884229 (England and Wales)
Inc. Consulting Ltd
Unaudited accounts
for the year ended 30 November 2024
Inc. Consulting Ltd
Statement of financial position
as at 30 November 2024
Cash at bank and in hand
4,243
28
Creditors: amounts falling due within one year
(12,138)
(11,743)
Net current assets
5,348
6,698
Total assets less current liabilities
5,442
6,823
Creditors: amounts falling due after more than one year
(10,252)
(11,778)
Net liabilities
(4,810)
(4,955)
Called up share capital
100
100
Profit and loss account
(4,910)
(5,055)
Shareholders' funds
(4,810)
(4,955)
For the year ending 30 November 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 director acknowledges her 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 and authorised for issue on 27 November 2025 and were signed on its behalf by
Zaheda Akter
Director
Company Registration No. 07884229
Inc. Consulting Ltd
Notes to the Accounts
for the year ended 30 November 2024
Inc. Consulting Ltd is a private company, limited by shares, registered in England and Wales, registration number 07884229. The registered office is Meer & Company Suite 1 Cochrane House, Admirals Way, Canary Wharf, E14 9UD.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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:
Fixtures & fittings
25% reducing balance
Inc. Consulting Ltd
Notes to the Accounts
for the year ended 30 November 2024
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Accrued income and prepayments
-
3,500
Other debtors
13,243
14,913
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,999
9,988
Taxes and social security
1,179
795
7
Creditors: amounts falling due after more than one year
2024
2023
Included within Other Debtors is a loan to Miss Zaheda Akter, a director and shareholder of the Company, amounting to £2,268 (2023: £2,125). The loan is interest-free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).