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Company Registration No. 09956446 (England and Wales)
INCITED LTD
Financial Statements
for the Period from 01 February 2025 to 31 January 2026

INCITED LTD

Financial Statements for the period ending 31 January 2026

CONTENTS PAGE
Company Information 2
Statement of Financial Position 3
Notes to the Accounts 4
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INCITED LTD

Financial Statements for the period ending 31 January 2026

Company Information

Company Details
Company Number 09956446
Registered Office 167-169 GREAT PORTLAND STREET
5TH FLOOR
LONDON
ENGLAND
W1W 5PF
Directors
Directors who held office during the period were:
Deborah TURNER   
Nicholas TURNER   
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INCITED LTD

Financial Statements for the period ending 31 January 2026

Statement of Financial Position

12345678910
Notes 2026 2025
£ £
Fixed Assets
Intangible assets 5 647,206 801,206
Tangible assets 6 811 3,605
Current Assets
Debtors due 7 36,535 128,919
36,535 128,919
Creditors
Amount falling due within one year 8 (454,875) (591,240)
Net Current Assets (418,340) (462,321)
Total Assets less current liabilities 229,677 342,490
Creditors due after more than one year 9 (92,449) (115,792)
Provision for liabilities (161,491) (200,250)
Net Assets (24,263) 26,448
Capital and Reserves
Called up Share Capital 2 2
Other Reserves 5 -
Retained earnings at end of year (24,270) 26,446
Shareholder funds (24,263) 26,448
For the year ending 31/01/2026 the company was entitled to exemption 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
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 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.
Approved by the Board on 31 October 2026
N R Turner
Company Registration No. 09956446
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INCITED LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

1. Statutory Information
INCITED LTD is a private company, limited by shares, registered in England and Wales, registration number 09956446.
2. Accounting Policies
Basis of preparing the Financial Statements
The financial statements have been prepared under the historical cost convention in accordance with FRS 102 and the Companies Act 2006. Section 1A disclosures are applied, with additional disclosures where necessary for a true and fair view. The accounts are presented in sterling.Financial instrumentsThe company applies Section 11 of FRS 102. Short-term debtors and creditors are measured at transaction price, less impairment of debtors. Loans are initially measured at fair value net of transaction costs and subsequently at amortised cost using the effective interest method. Discounting is omitted where immaterial.Finance and borrowing costsFinance costs, including arrangement costs, are allocated over the debt term using the effective interest method. Borrowing costs are expensed as incurred.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of consideration received or receivable, net of VAT and trade discounts. Revenue from services is recognised by reference to the stage of completion of the service at the reporting date. Amounts received in advance of services being provided are deferred.
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INCITED LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

Current Tax
Current-year corporation tax is £21,766, including relief for £3,810 of prior-year employer pension contributions paid during the year. The £7,184 prior-year credit relates to the final FY2025 R&D award. No FY2026 R&D claim is included.
Tangible Fixed Asset Policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment. Computer equipment is depreciated at 25% per annum on a straight-line basis. Estimated useful lives and residual values are reviewed at each reporting date.
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INCITED LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

Intangible Asset Policy
The Other intangible assets column comprises development expenditure. Development expenditure is capitalised where technical feasibility, commercial viability and recovery of costs through future economic benefits can be demonstrated and the costs can be measured reliably. Capitalised development costs are stated at cost less accumulated amortisation and impairment. Amortisation is charged on a straight-line basis over six years. Assets are reviewed for indicators of impairment at each reporting date.
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INCITED LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2026 4
2025 9
4. Principal Activity
The principal activity of the company is software development and IT consultancy.
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INCITED LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

5. Intangible Assets
Other Total
Cost £ £
At 01/02/2025 924,000 924,000
Additions - -
Disposals - -
Revaluations - -
At 31/01/2026 924,000 924,000
Amortisation
At 01/02/2025 122,794 122,794
Charge for the Year 154,000 154,000
On Disposals - -
Other increases/(decreases) - -
At end of period 276,794 276,794
Net book value
At 31/01/2026 647,206 647,206
At 31/01/2025 801,206 801,206
6. Fixed Assets
Computer Equipment Total
Cost or valuation £ £
At 01/02/2025 26,773 26,773
Additions - -
At 31/01/2026 26,773 26,773
Depreciation
At 01/02/2025 23,168 23,168
Charge for the year 2,794 2,794
At 31/01/2026 25,962 25,962
Net Book Value
At 31/01/2026 811 811
At 31/01/2025 3,605 3,605
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INCITED LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

7. Debtors
2026 2025
£ £
Trade debtors 36,277 21,120
Other debtors 258 107,799
36,535 128,919
8. Creditors: amount falling due within one year
2026 2025
£ £
Bank Loans and other overdrafts 77,327 165,589
Trade Creditors 1,087 296
Corporation Tax 21,766 -
Other tax and social security 84,773 114,111
Other Creditors 149,315 208,290
Accruals and deferred income 120,607 102,954
454,875 591,240
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INCITED LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

9. Creditors: amount falling due after one year
2026 2025
£ £
Bank Loans and overdrafts 92,449 115,792
92,449 115,792
Provision for liabilities 161,491 200,250
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INCITED LTD

Financial Statements for the period ending 31 January 2026

Notes to the Accounts

10. Additional Notes
Related party transactionsAt 31 January 2026, £138,444 (2025: £164,477) was owed to the directors: £69,222 each to Deborah Turner and Nicholas Turner.Going concernThe company remains well funded, and the directors have a reasonable expectation that it has adequate resources to continue in operational existence and meet its liabilities as they fall due for at least twelve months from the date these financial statements are approved. Accordingly, the financial statements have been prepared on the going concern basis.
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