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Company Registration No. 11712607 (England and Wales)
INCEPTION OPTICS LIMITED Unaudited accounts for the year ended 31 March 2025
INCEPTION OPTICS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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INCEPTION OPTICS LIMITED Company Information for the year ended 31 March 2025
Director
Patrick DELANEY
Company Number
11712607 (England and Wales)
Registered Office
The Grampians 5 Grampian Gardens London NW2 1JH United Kingdom
Accountants
Britain Accountants Ltd 5 Grampian Gardens London NW2 1JH
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INCEPTION OPTICS LIMITED Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
11,864 
8,011 
Current assets
Inventories
21,476 
21,476 
Debtors
5
102,996 
146,105 
Cash at bank and in hand
28,428 
1,464 
152,900 
169,045 
Creditors: amounts falling due within one year
6
(127,907)
(148,334)
Net current assets
24,993 
20,711 
Total assets less current liabilities
36,857 
28,722 
Creditors: amounts falling due after more than one year
7
(68,488)
(40,421)
Net liabilities
(31,631)
(11,699)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(31,731)
(11,799)
Shareholders' funds
(31,631)
(11,699)
For the year ending 31 March 2025 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 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 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 12 December 2025 and were signed on its behalf by
Patrick DELANEY Director Company Registration No. 11712607
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INCEPTION OPTICS LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
INCEPTION OPTICS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11712607. The registered office is The Grampians, 5 Grampian Gardens, London, NW2 1JH, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
18% on a reducing balance basis
Fixtures & fittings
18% on a reducing balance basis
Computer equipment
18% on a reducing balance basis
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2024
215 
6,470 
11,755 
18,440 
Additions
- 
6,457 
- 
6,457 
At 31 March 2025
215 
12,927 
11,755 
24,897 
Depreciation
At 1 April 2024
119 
4,071 
6,239 
10,429 
Charge for the year
17 
1,594 
993 
2,604 
At 31 March 2025
136 
5,665 
7,232 
13,033 
Net book value
At 31 March 2025
79 
7,262 
4,523 
11,864 
At 31 March 2024
96 
2,399 
5,516 
8,011 
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INCEPTION OPTICS LIMITED Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
101,471 
144,680 
Other debtors
1,525 
1,425 
102,996 
146,105 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
2,499 
5,056 
VAT
50,110 
54,605 
Trade creditors
65,952 
75,835 
Taxes and social security
4,560 
1,895 
Other creditors
1,434 
1,354 
Loans from directors
402 
6,839 
Accruals
2,950 
2,750 
127,907 
148,334 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
68,488 
40,421 
8
Average number of employees
During the year the average number of employees was 8 (2024: 8).
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