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COMPANY REGISTRATION NUMBER: 12496713
Invisible Tiger Limited
Filleted Unaudited Financial Statements
31 March 2023
Invisible Tiger Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Current assets
Debtors
5
13,300
317
Cash at bank and in hand
45,568
27,535
--------
--------
58,868
27,852
Creditors: amounts falling due within one year
6
20,048
8,658
--------
--------
Net current assets
38,820
19,194
--------
--------
Total assets less current liabilities
38,820
19,194
--------
--------
Net assets
38,820
19,194
--------
--------
Capital and reserves
Called up share capital
7
2
2
Profit and loss account
38,818
19,192
--------
--------
Shareholders funds
38,820
19,194
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 September 2023 , and are signed on behalf of the board by:
Mr A Holmes
Director
Company registration number: 12496713
Invisible Tiger Limited
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Olive Cottage Church Lane, Church Lane, Great Kimble, Aylesbury, Bucks, HP17 9TH, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Debtors
2023
2022
£
£
Prepayments and accrued income
13
Directors loan account
13,300
Other debtors
304
--------
----
13,300
317
--------
----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
1,460
1,400
Corporation tax
13,326
Social security and other taxes
5,262
1,803
Director loan accounts
5,455
--------
-------
20,048
8,658
--------
-------
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
----
----
----
----
8. Directors' advances, credits and guarantees
At the year end the directors owed the company £13,300 (2022 - £5,455 owed to the directors). This was repaid within 3 months of the year end.