Incept5 Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 12731369

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		27,895		8,045

			27,895		8,045
CURRENT ASSETS
Debtors	5	444,056		52,495
Cash at bank and in hand		731,165		49,418

		1,175,221		101,913
Creditors: Amounts Falling Due Within One Year	6	(135,441 )		(100,291 )

NET CURRENT ASSETS (LIABILITIES)			1,039,780		1,622

TOTAL ASSETS LESS CURRENT LIABILITIES			1,067,675		9,667

NET ASSETS			1,067,675		9,667

Profit and Loss Account			1,067,675		9,667

SHAREHOLDERS' FUNDS			1,067,675		9,667

For the year ending 31 July 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 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr John Davies

Director

28/07/2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Incept5 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12731369 . The registered office is International House, 36-38 Cornhill, London, London, EC3V 3NG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

33%

2.4. Foreign Currencies

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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: NIL)

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 August 2024	25,664
Additions	30,074

As at 31 July 2025	55,738

Depreciation
As at 1 August 2024	17,619
Provided during the period	10,224

As at 31 July 2025	27,843

...CONTINUED

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Incept5 Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

Net Book Value
As at 31 July 2025	27,895

As at 1 August 2024	8,045

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	169,420	26,400
Other debtors	274,636	26,095

	444,056	52,495

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	44,119	-
Bank loans and overdrafts	-	96
Other creditors	65,929	94,500
Taxation and social security	25,393	5,695

	135,441	100,291

7. Share Capital

	2025	2024
	£	£
Called Up Share Capital not Paid	(100 )	(100 )
Called Up Share Capital has been paid up	100	100

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