REGISTERED NUMBER: 10553641 (England and Wales)

Inception Worldwide Limited

Financial Statements for the Year Ended 31 December 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

M Hutchinson

REGISTERED OFFICE:

The Old Church

Quicks Road

Wimbledon

London

SW19 1EX

REGISTERED NUMBER:

10553641 (England and Wales)

ACCOUNTANTS:

PSP Associates Limited

Chartered Certified Accountants

Global House

1 Ashley Avenue

Epsom

Surrey

KT18 5AD

FIXED ASSETS

Tangible assets

4

36,605

41,971

CURRENT ASSETS

Debtors

5

1,124,663

1,510,862

Cash at bank

3,614,439

2,140,125

4,739,102

3,650,987

CREDITORS

Amounts falling due within one year

6

3,131,785

2,676,559

NET CURRENT ASSETS

1,607,317

974,428

TOTAL ASSETS LESS CURRENT LIABILITIES

1,643,922

1,016,399

CREDITORS

Amounts falling due after more than one year

7

(22,433

)

(29,788

)

PROVISIONS FOR LIABILITIES

(9,151

)

(10,493

)

NET ASSETS

1,612,338

976,118

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,612,337

976,117

SHAREHOLDERS' FUNDS

1,612,338

976,118

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 September 2026 and were signed by:

M Hutchinson - Director

1.	STATUTORY INFORMATION

Inception Worldwide Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

-

61,590

22,860

84,450

Additions

1,659

-

7,662

9,321

At 31 December 2025

1,659

61,590

30,522

93,771

DEPRECIATION

At 1 January 2025

-

28,728

13,751

42,479

Charge for year

553

6,573

7,561

14,687

At 31 December 2025

553

35,301

21,312

57,166

NET BOOK VALUE

At 31 December 2025

1,106

26,289

9,210

36,605

At 31 December 2024

-

32,862

9,109

41,971

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

947,692

1,101,739

Other debtors

176,971

409,123

1,124,663

1,510,862

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

7,355

7,355

Trade creditors

414,690

146,391

Taxation and social security

520,463

300,020

Other creditors

2,189,277

2,222,793

3,131,785

2,676,559

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

22,433

29,788