REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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9 MARCH 2020 TO 30 SEPTEMBER 2020 |
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FOR |
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INCO CONSTRUCTION GROUP LIMITED |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD |
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9 MARCH 2020 TO 30 SEPTEMBER 2020 |
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FOR |
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INCO CONSTRUCTION GROUP LIMITED |
INCO CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 12505402) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 9 MARCH 2020 TO 30 SEPTEMBER 2020 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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INCO CONSTRUCTION GROUP LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 9 MARCH 2020 TO 30 SEPTEMBER 2020 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
No. 3 Caroline Court |
13 Caroline Street |
St Paul's Square |
Birmingham |
B3 1TR |
INCO CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 12505402) |
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BALANCE SHEET |
30 SEPTEMBER 2020 |
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Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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The directors acknowledge their 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. |
INCO CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 12505402) |
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BALANCE SHEET - continued |
30 SEPTEMBER 2020 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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INCO CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 12505402) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 9 MARCH 2020 TO 30 SEPTEMBER 2020 |
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1. | STATUTORY INFORMATION |
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Inco Construction Group Limited is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Preparation of consolidated financial statements |
The financial statements contain information about Inco Construction Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
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Related party exemption |
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 with wholly owned subsidiaries within the group. |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL. |
INCO CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 12505402) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 9 MARCH 2020 TO 30 SEPTEMBER 2020 |
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
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At 30 September 2020 |
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NET BOOK VALUE |
At 30 September 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
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CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
£ |
Other creditors |
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8. | POST BALANCE SHEET EVENTS |
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The Coronavirus pandemic continues to affect the UK economy. The company has assessed the impact on its revenue streams, profitability and cashflow and considers there to be sufficient resources to continue trading in the current climate. Based on this the directors believe the company has adequate resources to continue as a going concern. |