REGISTERED NUMBER: 01731487 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2025

FOR

INCA GEOMETRIC LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Cain

SECRETARY:

REGISTERED OFFICE:

Inca Geometric Limited

Bolts Hill

Chartham

Kent

CT4 7JZ

REGISTERED NUMBER:

01731487 (England and Wales)

ACCOUNTANTS:

Spain Brothers & Co

Chartered Accountants

Westgate House

87 St Dunstans Street

Canterbury

Kent

CT2 8AE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,102,521

2,053,938

2,102,521

2,053,938

CURRENT ASSETS

Stocks

44,150

36,094

Debtors

249,819

433,389

Cash at bank and in hand

651,519

704,699

945,488

1,174,182

CREDITORS

Amounts falling due within one year

187,100

334,157

NET CURRENT ASSETS

758,388

840,025

TOTAL ASSETS LESS CURRENT LIABILITIES

2,860,909

2,893,963

CREDITORS

Amounts falling due after more than one year

(13,696

)

(47,675

)

PROVISIONS FOR LIABILITIES

(185,149

)

(207,947

)

NET ASSETS

2,662,064

2,638,341

CAPITAL AND RESERVES

Called up share capital

3,383

3,383

Share premium

8

312,279

312,279

Revaluation reserve

8

1,499,616

1,411,769

Retained earnings

8

846,786

910,910

SHAREHOLDERS' FUNDS

2,662,064

2,638,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th June 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19th November 2025 and were signed by:

M Cain - Director

1.	STATUTORY INFORMATION

Inca Geometric 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The functional currency of the financial statements is the pound Sterling (£).

The company's principal activity was that of subcontract manufacture of special purpose machines and associated equipment and design and manufacture of machines and spares.

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 as modified by the revaluation of certain assets.

Turnover

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

The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Government Grants

Government grants have been received by the company in the year. Grant income is not recognised until there is reasonable assurance that the entity will adhere to the conditions which are attached to the grant. There must also be reasonable assurance that the grant will be received by the entity in order to recognise the grant in the financial statements,

The accounting policy for recognising grant income adopted by the company is the accrual model:-

Revenue-based grant

Grant monies receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the company with no future related costs have been recognised in the period in which they are received or become receivable.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

12.5% on cost

Fixtures and fittings

-

33 1/3% on cost and 20% on cost

Motor vehicles

-

25% on cost

Included in the cost of land and buildings is freehold land of £150,000 which is not depreciated.

Stock and work in progress

Stock is stated at the lower of cost and net realisable value. Work in progress is valued as the cost of direct materials and labour plus attributable overheads based on a normal level of activity.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st July 2024

and 30th June 2025

5,601

AMORTISATION

At 1st July 2024

and 30th June 2025

5,601

NET BOOK VALUE

At 30th June 2025

-

At 30th June 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1st July 2024

3,197,644

Additions

15,091

Disposals

(19,855

)

Revaluations

87,847

At 30th June 2025

3,280,727

DEPRECIATION

At 1st July 2024

1,143,706

Charge for year

54,355

Eliminated on disposal

(19,855

)

At 30th June 2025

1,178,206

NET BOOK VALUE

At 30th June 2025

2,102,521

At 30th June 2024

2,053,938

Cost or valuation at 30th June 2025 is represented by:

Totals

£

Valuation in 2019

1,211,769

Valuation in 2020

200,000

Valuation in 2025

87,847

Cost

1,781,111

3,280,727

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST OR VALUATION

At 1st July 2024

and 30th June 2025

109,235

DEPRECIATION

At 1st July 2024

23,023

Charge for year

16,217

Transfer to ownership

5,125

At 30th June 2025

44,365

NET BOOK VALUE

At 30th June 2025

64,870

At 30th June 2024

86,212

6.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

20,020

24,603

Between one and five years

13,696

32,050

33,716

56,653

Non-cancellable

operating leases

2025

2024

£

£

Within one year

4,415

4,210

Between one and five years

8,093

3,158

12,508

7,368

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

33,716

56,653

Funding Circle BIL

15,625

78,125

49,341

134,778

The Funding Circle Business Interruption Loan is a government guaranteed facility.

The Hire Purchase contracts are secured over the assets concerned.

8.

RESERVES

Retained

Share

Revaluation

earnings

premium

reserve

Totals

£

£

£

£

At 1st July 2024

910,910

312,279

1,411,769

2,634,958

Profit for the year

23,723

23,723

Revaluation

(87,847

)

-

87,847

-

At 30th June 2025

846,786

312,279

1,499,616

2,658,681

9.	OTHER FINANCIAL COMMITMENTS

Pensions

The company contributes to personal pension plans for each individual employee. The amount of outstanding pension contribution at year end was £2,516.21 (2024: £3,150.62) and is included in creditors.