Company Registration No. NI641058 (Northern Ireland)
Inclutech Ltd
Unaudited accounts
for the year ended 31 March 2026
Inclutech Ltd
Unaudited accounts
Contents
Inclutech Ltd
Company Information
for the year ended 31 March 2026
Directors
Leslie Hume
Rebecca Amy Hume
Timothy John Brundle
Company Number
NI641058 (Northern Ireland)
Registered Office
The Mount Business Centre
Woodstock Link
Belfast
BT6 8DD
Northern Ireland
Accountants
Collective Concepts Accounting Ltd
Inclutech Ltd
Statement of financial position
as at 31 March 2026
Intangible assets
1,095,065
683,958
Tangible assets
8,525
7,634
Cash at bank and in hand
6,736
348,041
Creditors: amounts falling due within one year
(307,280)
(201,687)
Net current (liabilities)/assets
(262,165)
249,114
Net assets
841,695
940,976
Called up share capital
129
129
Share premium
509,893
509,893
Profit and loss account
331,673
430,954
Shareholders' funds
841,695
940,976
For the year ending 31 March 2026 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 directors acknowledge their 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 of Directors and authorised for issue on 12 June 2026 and were signed on its behalf by
Rebecca Amy Hume
Director
Company Registration No. NI641058
Inclutech Ltd
Notes to the Accounts
for the year ended 31 March 2026
Inclutech Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI641058. The registered office is The Mount Business Centre, Woodstock Link, Belfast, BT6 8DD, Northern Ireland.
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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.
These financial statements for the year ended 31 March 2024 are the first financial statements of Inclutech Ltd prepared in accordance with FRS 102. The financial statements for the year ended 31 March 2023 were prepared in accordance with FRS 105.
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.
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:
Computer equipment
20% straight line
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Expenditure on new product development, which meets the criteria within section 18 of FRS102 for deferral to future period, is capitalised as an intangible fixed asset and amortised from the date on which the asset is available for use.
Development activities involve a plan or design for the production of new or substantially improved products or processes. The expenditure capitalised include direct labour and an appropriate portion of subcontractors and software expenses.
General expenditure on research and development which does not meet the criteria is written off in the year in which it is incurred.
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.
Inclutech Ltd
Notes to the Accounts
for the year ended 31 March 2026
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 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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortised over 10 years
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Intangible fixed assets
Other
At 31 March 2026
1,310,071
Charge for the year
102,058
At 31 March 2026
1,095,065
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2025
-
11,668
11,668
At 31 March 2026
784
14,708
15,492
At 1 April 2025
-
4,034
4,034
Charge for the year
118
2,815
2,933
At 31 March 2026
118
6,849
6,967
At 31 March 2026
666
7,859
8,525
At 31 March 2025
-
7,634
7,634
Inclutech Ltd
Notes to the Accounts
for the year ended 31 March 2026
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Investments
Subsidiary undertakings
Valuation at 1 April 2025
270
Valuation at 31 March 2026
270
The company had interests in the following subsidiary, Tapsos Ltd.
The proportion of shares held is 100%, the country of incorporation is UK and the nature of business is a business and domestic software development.
Amounts falling due within one year
Amounts due from group undertakings etc.
9,065
7,709
Accrued income and prepayments
2,764
1,570
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Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
256,899
38,928
Trade creditors
17,808
24,449
Taxes and social security
18,939
62,849
Other creditors
6,621
15,676
Loans from directors
4,826
43,785
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Average number of employees
During the year the average number of employees was 7 (2025: 7).