Inclusion Inc. Ltd - Accounts to registrar (filleted) - small 23.1

REGISTERED NUMBER: 13454985 (England and Wales)

Unaudited Financial Statements

for the Period 14 June 2021 to 30 June 2022

for

Inclusion Inc. Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R R Carayol

REGISTERED OFFICE:

3 Victoria Rise

Hilgrove Road

Swiss Cottage

London

NW6 4TH

REGISTERED NUMBER:

13454985 (England and Wales)

ACCOUNTANTS:

Peter Hodgson & Co.

Chartered Accountants

Shadwell House

65 Lower Green Road

Tunbridge Wells

Kent

TN4 8TW

FIXED ASSETS

Tangible assets

4

21,506

CURRENT ASSETS

Debtors

5

3,893

Cash at bank

6,124

10,017

CREDITORS

Amounts falling due within one year

6

36,961

NET CURRENT LIABILITIES

(26,944

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,438

)

CREDITORS

Amounts falling due after more than one year

7

(297,504

)

PROVISIONS FOR LIABILITIES

8

(4,086

)

NET LIABILITIES

(307,028

)

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

10

(307,128

)

SHAREHOLDERS' FUNDS

(307,028

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2022 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 May 2023 and were signed by:

R R Carayol - Director

1.	STATUTORY INFORMATION

Inclusion Inc. Ltd 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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Financial instruments

Basic financial instruments comprising debtors and bank and cash balances are recorded at fair value.

Significant estimates

There are no significant or material estimates included in these accounts.

Functional currency

The functional currency used by the company is £ Stg.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 8 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

21,506

At 30 June 2022

21,506

NET BOOK VALUE

At 30 June 2022

21,506

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

VAT

3,893

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

9,876

Social security and other taxes

23,085

Accrued expenses

4,000

36,961

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Due to related parties

58,000

Director's loan account

239,504

297,504

8.	PROVISIONS FOR LIABILITIES

£

Deferred tax

4,086

Deferred

tax

£

Provided during period

4,086

Balance at 30 June 2022

4,086

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

10.

RESERVES

Retained

earnings

£

Deficit for the period

(307,128

)

At 30 June 2022

(307,128

)

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions.

12.	GOING CONCERN

The company is a new start up and the director will continue to fund it for at least a period of twelve months from the date of approval of these accounts.