2023-05-31-accounts

Report of the DireGlovs and UnavdiEed Finonciol St¢￿ements for the Year Ended 31 Muy 2023 for Incubation Art5 Lid

In¢v6alion Arts Lld Conlenls of Ihe Winan¢ial Slulement5 tor ihe Yetti Ended 31 Muy 2023 Page C•mp4ny Inf•rmution Rep•rt of the D4ve¢t•i¥ IncMe Stqtemenl Balance Sheel Slatemenl ¢f ChanBes in Eqvity Notes lo the Yjnuneidl SttttèM¥nls Chgrtered AcGovntunls' Report Dd4iled qnd Expenditvre Arrovnl$

In¢ubatlon Art$ Ltd Company Inf•tmali•n foT the Y¢av Ended 31 M4y 2023 DIRECTORS: M5 J A Hamtrr Mr J P T¢¢sdul¢ SECRETARY: Ms J A Horner REGISTERED OFFICE.. 12 Haldene Rood Macclesfield Che5hir¢ SKI 1 8WE REfj15TERED NUMBER-. 08053266 (England ond W•lesl ACCOUNTANTS: Harts knrnited Westminster House l O We5hnin5ter Rood MucclÈsfJ¢ld Cheshire SKIO IBX Page I

Incuh¢rtEts￿ Art5 Ltd Rport gf the DiredoTS fvT the Year End•d 31 M•y 2023 Th> dlr¢ctors prese￿ rhelr rèport with thè fiionciol statèments of the compttny for Th• y•ar ￿d¢d 31 Mgy 2023. Chority Incorporation Organisution Nvmber- 1164275 PRINCIPAL Acrivrry The prirKipal adivity ot the c4Mpttny In thè yeer md2r feylew WQS thar of prom￿1n9 creativity in ond for the benefil of I￿￿1 comrnunitie DIRECTORS directors shown below hove held Offi￿ during the thole cf the period from l JunÈ 2021 to the date of thls report. M5 J A Hamer Mr J P Teusdelc Th15 fepDrt hos been Prepared in accordunce wlth the provlslons of Port 15 01 Compohies Ad 2006 relating i# sm¢ll companie ON BEHALF OF THE BOARD: Ms J A H#meY - Dlrctor 21 F?bruary 2024 Page 2

Incubation Arts Ltd Incomfy Ststemenl for lh Y•41 End•d 31 May 2023 31.5.23 Notes TURNOVER 072 314 Adrninistrcstiye expensÈs 12,220 14A3AI 11 A481 14,2201 Other operating 1,500 4,000 OPERATING DEFICIT DEFICIT BEFORE TAXATION 1481 12201 T¥¥ on d21th DEFICIT FOR THE FINANCIAL YEAR 48 12201 The note5 form purt of these finondal ￿￿ter￿entS Page 3

Incuba+sDn Arts Ltd {R•s15terod 080532661 31 Moy 2023 315.23 31.5.22 Note5 FIXED ASSETS Inr¢Jn9ible as52ts Tunglbl¢ c55et5 74 99 74 99 CURRENT ASSETS Cush ai btsnk T7.97Q 19,È73 CREDITORS Arnovnts fallin9 duty Within one yeaT 121,8171 23.0971 NET CURRENT UABILITIES 3,8471 13.824 TOTAL ASSETS LESS CURRÈNT LIABIUTIES 73 3125 RESERVES Incom? ohd expenditure acccunt 137731 37251 3J25 The compuny is enltlÈd to exemption frow oudit wder S¢cli¢D 477 of th¢ Compttnles Act 2006 for the yor rJd•d 31 Mgy 2023. The members have not r•quired the company lo obtain an audit of its firtatteiol st4lery4¢nts for the yeur ended 31 May 2Q23 in u£wrd¢n¢e Wirh SoEllon 476 of the Companies Act 2006. The directors acknowledge thelr responsibilities for= en5ufiDg thai the company keeps acccuntillg records which cornply with Sttllons 386 #nd 387 of th¢ Companie5 Act 2006 attd Ibl preparing finuncial utements whkh 9TvÈ tt tru2 and lolr vlttw of Ihe state of affoirs of the compuny us ai the end of eL7th finonriul yeur and of its wrplus or deficir for each financial yeur in uccordance ￿th th? requirem2nts of Seclion5 394 and 395 and whltth tsthÈrwlse cofflply With the fequlrements of the Cornpanies Ad 2006 relvting to finonciol stat?rnent5. so far 0$ appli¢able tg th¢ company. The financial Statements h¢¥e b¢¢n prep¥red in a¢¢ordun¢e with the provisigns opplicuble to companies svbjett to the 5moll cornpanie5 regime. Th¢ *lnon¢ial sraiemen15 were approved by the Board of Directrors ond uuthori5ed for 155vtr ¢n 21 F•￿￿￿Ky 2024 and were signed on its behttlf by- Ms J A H￿ther. Dirertor ThE hDt¢5 fonn port of th¢s¢ fittonslol st¢tements Page 4

Intubthion Arts Lfd Slatenienl of Chqnyes in Èqvity f¢r lh Y•tyi Ended 31 May 2023 Retoitted eornings Total eqvity Balance at l June 2021 13,S051 13AOS1 ¢hdhge5 ity equity Total cornprehen5ive income 22Ql 220 Baluntè 31 Moy 2022 13725 131251 Changes rn ¢gvity Total cornprehenslve incom 48 148 Balance 4t 31 May 2023 13,7731 3773 The notes form port of ihese financial ￿￿terne￿ts Page 5

IncubaFion Arts Lid Notes lo the Finumciul SfttlemÈnts Ihe Ypor Ended 31 May 2023 STATUTORY INFORMATION In¢ybotl¢n Arts Ltd is a private companyi liTritcd by guuranlee, re9iStored ID Engl¢nd and Wales. The company s r2gi5teTed nurnber und registered office address can be found on the Comp Whtrn the outcome of a tran50cliDn can be estimated reliably. tumtsv•r t¥om s•r4i¢s is recognlsed by reterencts to the stage of completion ba10nc¢ sheer dtttr. Stage tsl completion 15 measured by refr¢nc¢ to finoll$#ti¢n #f work compleled. Where ¢utcome cannot be measured reliably¥ bJmoveT is recognised only t• th• •xtnt 01 the expenses recogrlised that are recoyerttble. Intangible ussels Intongible us5et5 are initi(slly mec5ured at cost. After initial réctsgn1li¢)￿ Intongibl8 ossels ar ma5ured ai c¢sI les5 uny uccwnv4￿?d amortisatlon and ony accvrnulated Impoi¥rnpDTr Io55tr5. Cornpvtèr s¢ftweJre is btsing #morti$èd tvenly ove¥ Tts estirnuted ¥$eful lifÈ of thrp¢ year Ttttt9ible fÈxed ¥sse+s Depred#rian 15 provided at the followitvJ annuol rates in order lo write Off •a¢h 4sst over Its estlmated u5efvl Offi<e equipmenl 25&h on reducing balance Hire PU￿hase and leasing eommttm•nls Rentals paid under operaiTrg leases ure tharged tts surplus or deficit on a str(sight l¢ne btssis •vr th¢ p#riod of the leo5e. EMPLOYEES AND DIRECTORS Th# #veroge ￿￿rnber of employees during the year wcss 212022 21. OPEf¢ATING DEFICIT The operttting de+icti is Stated after churglng= 31.5.23 31.5.22 DepreLYQtI(- ovmed a55et5 25 33 TAXATION Analysls ¢f the tax Ehorge No li<JbS1ily to UK wrporalivTr tax arose for the yeor end?d 31 2023 nor for the year end8d 31 Moy 2022. Page 6 ¢ontinv¢d...

In¢ubatioTh Arts Lid Notes to the Ftnunciol Stutements- continued for the ETrded 31 Miry 2023 INTANGIBLE FIXED A55ETS Computer software COST At l June 2022 and 31 Muy 2023 1,050 AMORTISATION At l June 2L)22 nd 31 May 2023 NET BOOK VALUE At 31 2C23 At 31 May 202 TANGIBLE FIXED ASSETS otl¢e equipment cosr At l Jun• 2022 and 31 May 2023 861 DEPRECIATION At l June 2022 Charge for year 762 25 At 31 Muy 2023 787 NET BOOK VALUE At 31 May 2023 74 At 31 May 2022 99 CREDITORS.. AMOUNTS FALLING DUE WITHIN QNE YEAR 31.5.23 31.5.22 Other credittyrs 21,817 23,697 Page 7

Charteved A£¢ovntrunls' Rgport lo the Board of DiredoT5 on the Unaudiled Financial Stalemenls ot In¢ubukion Atts L In order tD U5515k you tD fulfil yovr dvtie$ vnder the Compunles 2006, w¢ hg¥¢ prepared for your approyitl the flnttncÈal 51utemen5 of lTrcubatlon Arts Ltd f•r th# ¥nd¢d 31 M¢y 2023 whlth comprise the Incom& Sietern&ntr. BiJlaK¢ Sheei. Siotemcni of Changes in Equity und the related notes from the cornpany 5 accoLknTing rtrc•rd8 ¥nd from informotion and explunutl¥n$ yw hov 9lVel¥ US. A5 a pructlslng m¢mbr firm pf th• Inslilute of Chartered Accoununts in Englund ond Wo1•$ IICAEWI, w¢ or¢ sublect to its ethical and other proessioncI requir¢rneDts whith ure detoilFd Within the ICAEW'S regulatlons and guidance at http://www.1¢ow.¢<Nn/•ft/mombrship/regul4tions-stttndttrds-and-guid#nto. Thls r¢port l¥ Modt s•l&ly to th• Bourd of Dlretttsrs of IneLJbarftsn Arts Ltd, 0$ u bodyi In accordance wilh our rtrms o+ ngogement. Our work has been undertuken golely to prepare for ¥our approvol the financial 5tatem¢ni¥ of InsE motter5 thct we have ogreed to State to th 8oyrd of ttriredor5 of Incuhutlon Arts itd, ¢15 e btsdy¥ in this report in (sccordanc& With ICAEW Technical R¢lEose 07116AAF. To the fullest extent permitTred by l¢w, w¢ do not ept or uuume responsibility to anyone other than Incubation Arts Ltd and its Boord of Dir¢thrs, ¢$ g bodyff éor cvr work or for thi5 f¢pDrt. It is yeur duty to ensure thttt Ihwbution Arts Ltd ha5 kEpt adequate eEcauniiMg Yecords und to prepare sfalutory 1kn4ndal slatements th•t 9iv¢ ¥ irut und fuir Yiow of the a$i•ts. li￿bIliti¥%, fino#¢iol p•yili¢n ond loss of Incubation kns Ltd. You consider th¥t IIKUb￿1on Art5 Ltd 15 ex¢mpt from the statutory audit requircmcrt for y#r. W• hav8 not been instructed to curry outr un audit or ¢5 review of the finaiKiol #f Irwbotl•n Art5 Ltd. For thi5 r¢g59n. we haye not verifi?d accuracy or completeness of the accounting records or jnform¢tSon and explcn(rtions you hove given to us und we do not, thefefof@, expr¢55 any opinlon èn the statutory financial 5tatemehl Harts Llmited Weslminster House l O Westmlnster Road Ma¢desfield Chc5hir• SKIO IBX 21 Febru¢Jry 2024 This pcge does nct fovm part of the 5totutory financial themenls Page 8

1Th¢vI￿li￿n Arts Limiled DelttilÈd Inr•me Expvoditvpe f•r ihe Y￿r Ended 31 Mqy 2023 31.5.23 21ts.22 soles 70 Olher income Sundry receipts 1,500 4.000 1,500 4,070 Expendilute Rent Compul•f C0515 Sundry expenses A¢¢•uni¢m¢y 782 297 302 82 3.354 355 548 1.523 4,257 1231 11871 Dèprtclutlo Office equipment 25 33 NET DEFICIT 48 12201 Th15 pvge does Dvt fvwrn purl of the 5trgtvtory finanriol stotement5 Page 9

InGvbation Arts Ltd In<ubull¢)n Art5 Limiled - Cio Dtttil•d In¢t)me and Expndllur* AtÉ•uhi f•r the Year Ended 31 Moy 2023 31.5.23 31.5.22 Tutnover Donatlon5 672 244 ExpenditVF8 Computer costs Sundry expenses Accaurtltshcy 6Q 600 100 000 172 72 72 Bank churges 72 72 NET SURPLUS Thls pa9e doe5 not form part of the statutory financl(715tgternpnts Pa9e 10