1 01/09/2024 31/08/2025 2025-08-31 false false false false false false false true false false true false false false false true true false No description of principal activities is disclosed 2024-09-01 Sage Accounts Production 25.0 - FRS102_2025 xbrli:pure xbrli:shares iso4217:GBP SC640312 2024-09-01 2025-08-31 SC640312 2025-08-31 SC640312 2024-08-31 SC640312 2023-09-01 2024-08-31 SC640312 2024-08-31 SC640312 2023-08-31 SC640312 core:PlantMachinery 2024-09-01 2025-08-31 SC640312 core:FurnitureFittingsToolsEquipment 2024-09-01 2025-08-31 SC640312 bus:RegisteredOffice 2024-09-01 2025-08-31 SC640312 bus:LeadAgentIfApplicable 2024-09-01 2025-08-31 SC640312 bus:Director1 2024-09-01 2025-08-31 SC640312 core:PlantMachinery 2024-08-31 SC640312 core:FurnitureFittingsToolsEquipment 2024-08-31 SC640312 core:PlantMachinery 2025-08-31 SC640312 core:FurnitureFittingsToolsEquipment 2025-08-31 SC640312 core:WithinOneYear 2025-08-31 SC640312 core:WithinOneYear 2024-08-31 SC640312 core:AfterOneYear 2024-08-31 SC640312 core:ShareCapital 2025-08-31 SC640312 core:ShareCapital 2024-08-31 SC640312 core:RetainedEarningsAccumulatedLosses 2025-08-31 SC640312 core:RetainedEarningsAccumulatedLosses 2024-08-31 SC640312 core:FurnitureFittingsToolsEquipment 2024-08-31 SC640312 bus:SmallEntities 2024-09-01 2025-08-31 SC640312 bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 SC640312 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 SC640312 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 SC640312 bus:FullAccounts 2024-09-01 2025-08-31 SC640312 core:WithinOneYear 2024-09-01 2025-08-31
Company registration number: SC640312
Incubate Consulting Limited
Unaudited filleted financial statements
31 August 2025
Incubate Consulting Limited
Contents
Directors and other information
Balance sheet
Notes to the financial statements
Incubate Consulting Limited
Directors and other information
Director Mr Neil Brown
Company number SC640312
Registered office 3 Stanley Drive
Bridge of Allan
Stirling
FK9 4QR
Accountant Nicola Woodburn
100 Station Road
Bannockburn
Stirling
FK7 8JP
Incubate Consulting Limited
Balance sheet
31 August 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 129 171
_______ _______
129 171
Current assets
Cash at bank and in hand 7,062 3,181
_______ _______
7,062 3,181
Creditors: amounts falling due
within one year 6 ( 50,947) ( 37,319)
_______ _______
Net current liabilities ( 43,885) ( 34,138)
_______ _______
Total assets less current liabilities ( 43,756) ( 33,967)
Creditors: amounts falling due
after more than one year 7 - ( 2,688)
Provisions for liabilities ( 29) ( 40)
_______ _______
Net liabilities ( 43,785) ( 36,695)
_______ _______
Capital and reserves
Called up share capital 101 101
Profit and loss account ( 43,886) ( 36,796)
_______ _______
Shareholders deficit ( 43,785) ( 36,695)
_______ _______
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 18 May 2026 , and are signed on behalf of the board by:
Mr Neil Brown
Director
Company registration number: SC640312
Incubate Consulting Limited
Notes to the financial statements
Year ended 31 August 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 3 Stanley Drive, Bridge of Allan, Stirling, FK9 4QR.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company remained profitable in the year. The directors acknowledge there remains some uncertainty in judgements, however have no intentions of ceasing operations or liquidating and consider the company will be able to continue to trade for at least 12 months from the date of signing these accounts. Therefore, the accounts have been prepared on a going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the provision of services is recognised when the service is completed, usually on issue of an invoice and is reduced for estimated customer rebates and other similar allowances.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 33.33 % straight line
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance Sheet and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Total
£ £ £
Cost
At 1 September 2024 and 31 August 2025 3,498 588 4,086
_______ _______ _______
Depreciation
At 1 September 2024 3,498 416 3,914
Charge for the year - 43 43
_______ _______ _______
At 31 August 2025 3,498 459 3,957
_______ _______ _______
Carrying amount
At 31 August 2025 - 129 129
_______ _______ _______
At 31 August 2024 (1) 172 171
_______ _______ _______
6. Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 2,689 3,506
Trade creditors 2,730 -
Corporation tax 25,606 19,227
Social security and other taxes 15,078 8,435
Other creditors 4,844 6,151
_______ _______
50,947 37,319
_______ _______
Included in other creditors is an interest free loan of £1,870 (2024-£1,250) from the director/shareholder which is payable on demand.
7. Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans and overdrafts - 2,688
_______ _______
There is no security granted on the bank loan.