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REGISTERED NUMBER: 07545794 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

INVEK SERVICES LIMITED

INVEK SERVICES LIMITED (REGISTERED NUMBER: 07545794)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INVEK SERVICES LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTORS: K Pullen
Mrs I M Sikorski - Pullen





REGISTERED OFFICE: Unit 14, The Alpha Centre
Armstrong Way
Yate
Bristol
BS37 5NG





REGISTERED NUMBER: 07545794 (England and Wales)





ACCOUNTANT: Grahame J Harbour Limited
1 Windrush Road
Keynsham
Bristol
Avon
BS31 1QL

INVEK SERVICES LIMITED (REGISTERED NUMBER: 07545794)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 158,629 116,498

CURRENT ASSETS
Stocks 182,891 715,324
Debtors 5 1,077,354 424,223
Cash at bank and in hand 662,697 739,716
1,922,942 1,879,263
CREDITORS
Amounts falling due within one year 6 1,211,602 1,161,881
NET CURRENT ASSETS 711,340 717,382
TOTAL ASSETS LESS CURRENT
LIABILITIES

869,969

833,880

CREDITORS
Amounts falling due after more than one
year

7

(26,460

)

-

PROVISIONS FOR LIABILITIES 8 (25,777 ) (17,493 )
NET ASSETS 817,732 816,387

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 817,722 816,377
SHAREHOLDERS' FUNDS 817,732 816,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

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.

INVEK SERVICES LIMITED (REGISTERED NUMBER: 07545794)

Balance Sheet - continued
28 February 2023


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 Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by:





K Pullen - Director


INVEK SERVICES LIMITED (REGISTERED NUMBER: 07545794)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Invek Services Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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 year 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.

INVEK SERVICES LIMITED (REGISTERED NUMBER: 07545794)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 26,602 21,423 272,441 67,188 387,654
Additions - 770 92,967 1,273 95,010
At 28 February 2023 26,602 22,193 365,408 68,461 482,664
DEPRECIATION
At 1 March 2022 24,346 17,591 181,620 47,599 271,156
Charge for year 564 1,150 45,949 5,216 52,879
At 28 February 2023 24,910 18,741 227,569 52,815 324,035
NET BOOK VALUE
At 28 February 2023 1,692 3,452 137,839 15,646 158,629
At 28 February 2022 2,256 3,832 90,821 19,589 116,498

INVEK SERVICES LIMITED (REGISTERED NUMBER: 07545794)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2022 272,441
Additions 92,967
Transfer to ownership (272,441 )
At 28 February 2023 92,967
DEPRECIATION
At 1 March 2022 181,620
Charge for year 23,242
Transfer to ownership (181,620 )
At 28 February 2023 23,242
NET BOOK VALUE
At 28 February 2023 69,725
At 28 February 2022 90,821

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 700,039 186,425
Retentions 253,306 173,361
Other debtors 111,986 58,961
Tax 6,435 -
Prepayments 5,588 5,476
1,077,354 424,223

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 18,097 21,827
Trade creditors 635,832 657,573
Subcontract retentions 271,205 221,797
Tax - 28,161
Social security and other taxes 42,966 46,037
Directors' current accounts 35,313 -
Accrued expenses 208,189 186,486
1,211,602 1,161,881

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 26,460 -

INVEK SERVICES LIMITED (REGISTERED NUMBER: 07545794)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 25,777 17,493

Deferred
tax
£   
Balance at 1 March 2022 17,493
Charge to Income Statement during year 8,284
Balance at 28 February 2023 25,777

The deferred tax provision is in respect of advanced capital allowances.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
10 Ordinary £1 10 10