| Incouple Limited |
| Notes to the Accounts |
| for the year ended 31 March 2021 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rendering of services.Turnover from the rendering of services is recognised when the service is completed. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
33.33% straight line |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
| 2 |
Employees |
2021 |
|
2020 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 April 2020 |
11,625 |
|
Additions |
4,095 |
|
At 31 March 2021 |
15,720 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2020 |
11,288 |
|
Charge for the year |
1,702 |
|
At 31 March 2021 |
12,990 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2021 |
2,730 |
|
At 31 March 2020 |
337 |
|
|
| 4 |
Debtors |
2021 |
|
2020 |
| £ |
£ |
|
|
Other debtors |
1,662 |
|
242 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Taxation and social security costs |
20,261 |
|
6,762 |
|
Other creditors |
4,630 |
|
1,590 |
|
|
|
|
|
|
24,891 |
|
8,352 |
|
|
|
|
|
|
|
|
|
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| 6 |
Controlling party |
|
|
The company is under the control of the director Shirley Kay, who owns 100% of the issued share capital of the company. |
|
|
| 7 |
Other information |
|
|
Incouple Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
30 Sutherland Place |
|
London |
|
W2 5BZ |
