REGISTERED NUMBER: 02345199

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

The Industry Nature Conservation

Association

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D J Simpson

C E Cooke

Dr A L Booth

P D Brooks

Dr A G Baker

Dr C M Beck

P J Rovardi

Mrs G K Baker

SECRETARY:

S P Roxby

REGISTERED OFFICE:

The Innovation Centre

Kirkleatham Business Park

Redcar

TS10 5SH

REGISTERED NUMBER:

02345199

ACCOUNTANTS:

Anderson Barrowcliff Limited

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Tangible assets

4

13,506

11,644

Investments

5

2

2

13,508

11,646

CURRENT ASSETS

Debtors

6

90,349

48,280

Cash at bank

211,670

249,747

302,019

298,027

CREDITORS

Amounts falling due within one year

7

40,412

42,300

NET CURRENT ASSETS

261,607

255,727

TOTAL ASSETS LESS CURRENT LIABILITIES

275,115

267,373

RESERVES

Strategic Reserve

8

100,000

100,000

Retained earnings

8

175,115

167,373

275,115

267,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2026 and were signed on its behalf by:

C E Cooke - Director

1.	STATUTORY INFORMATION

The Industry Nature Conservation Association is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

Income

Income represents the value of contributions received from members, donations received and project income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings & equipment

-

33% on cost, 20% on cost and 10% on cost

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.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliaby. Other investments are measured at cost less impairment.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

& equipment

£

COST

At 1 January 2025

35,245

Additions

4,770

At 31 December 2025

40,015

DEPRECIATION

At 1 January 2025

23,601

Charge for year

2,908

At 31 December 2025

26,509

NET BOOK VALUE

At 31 December 2025

13,506

At 31 December 2024

11,644

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Investments

2

2

The company's wholly owned subsidiary undertaking is INCA (Projects) Limited. The company is dormant and was incorporated in England and Wales.

In the year to 31 December 2025 INCA (Projects) Limited made a profit after taxation of £nil and at 31 December 2025 its aggregate capital and reserves were £57.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

86,400

45,390

Other debtors

3,949

2,890

90,349

48,280

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

517

281

Taxation

107

444

Social security and other taxes

6,565

6,871

VAT

22,239

14,112

Other creditors

2,486

5,639

Amount due to subsidiary

57

57

Deferred income less than 1 yr

4,000

10,977

Accrued expenses

4,441

3,919

40,412

42,300

8.

RESERVES

The level of the Strategic Reserve is set by the directors to safeguard the long term financial viability of the company.