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Company Registration No. 11365139 (England and Wales)
INCI EXPRESS LTD Unaudited accounts for the year ended 31 May 2025
INCI EXPRESS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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INCI EXPRESS LTD Company Information for the year ended 31 May 2025
Director
Mrs S Bulut
Company Number
11365139 (England and Wales)
Registered Office
214 Baker Street Enfield EN1 3JY England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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INCI EXPRESS LTD Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
22,760
24,375
Current assets
Inventories
35,600
35,600
Debtors
5
33,554
33,042
Cash at bank and in hand
2,064
1,883
71,218
70,525
Creditors: amounts falling due within one year
6
(36,408)
(16,243)
Net current assets
34,810
54,282
Total assets less current liabilities
57,570
78,657
Creditors: amounts falling due after more than one year
7
(1,843)
(3,283)
Net assets
55,727
75,374
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
55,627
75,274
Shareholders' funds
55,727
75,374
For the year ending 31 May 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 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 6 February 2026 and were signed on its behalf by
Mrs S Bulut Director Company Registration No. 11365139
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INCI EXPRESS LTD Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
INCI EXPRESS LTD is a private company, limited by shares, registered in England and Wales, registration number 11365139. The registered office is 214 Baker Street, Enfield, EN1 3JY, England.
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.
Turnover
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.
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% - reducing line method
Motor vehicles
6% - reducing line method
Fixtures & fittings
18% - reducing line method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
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INCI EXPRESS LTD Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 June 2024
1,200
27,500
1,107
29,807
At 31 May 2025
1,200
27,500
1,107
29,807
Depreciation
At 1 June 2024
538
4,398
496
5,432
Charge for the year
119
1,386
110
1,615
At 31 May 2025
657
5,784
606
7,047
Net book value
At 31 May 2025
543
21,716
501
22,760
At 31 May 2024
662
23,102
611
24,375
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
33,554
33,042
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
1,800
1,800
VAT
210
636
Taxes and social security
4,261
3,356
Loans from directors
30,137
10,451
36,408
16,243
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,843
3,283
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
Included within other creditors is an amount of £30,137 (2024;£10,451) due to its directors. There are no terms as to interest or repayment in respect of this balance.
10
Average number of employees
During the year the average number of employees was 4 (2024: 4).
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