Company registration number 07961277 (England and Wales)
Invicta Testing Services Limited
Annual report and unaudited financial statements
For the year ended 28 February 2023
Pages for filing with registrar
Invicta Testing Services Limited
Contents
Page
Director's report
1
Balance sheet
2
Notes to the financial statements
3 - 5
Invicta Testing Services Limited
Director's report
For the year ended 28 February 2023
- 1 -

The director presents his annual report and financial statements for the year ended 28 February 2023.

Principal activities

The principal activity of the company is materials testing within the construction industry.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

D A Plumtree
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

On behalf of the board
D A Plumtree
Director
29 November 2023
Invicta Testing Services Limited
Balance sheet
As at 28 February 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
20,580
-
0
Current assets
Debtors
5
7,400
3,566
Cash at bank and in hand
2,991
8,135
10,391
11,701
Creditors: amounts falling due within one year
6
(10,593)
(6,620)
Net current (liabilities)/assets
(202)
5,081
Total assets less current liabilities
20,378
5,081
Creditors: amounts falling due after more than one year
7
(16,420)
(3,900)
Provisions for liabilities
(3,910)
-
0
Net assets
48
1,181
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
47
1,180
Total equity
48
1,181

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 29 November 2023
D A Plumtree
Director
Company registration number 07961277 (England and Wales)
Invicta Testing Services Limited
Notes to the financial statements
For the year ended 28 February 2023
- 3 -
1
Accounting policies
Company information

Invicta Testing Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 125 John Wilson Business Park, Chestfield, Whitstable, Kent, CT5 3QT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable, net of discounts.

1.3
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% straight line basis
Fixtures, fittings & equipment
25% straight line basis
Motor vehicles
25% straight line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the net book value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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 reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account.

1.5
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Invicta Testing Services Limited
Notes to the financial statements (continued)
For the year ended 28 February 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Taxation
2023
2022
£
£
Current tax
UK corporation tax on profits for the current period
(3,061)
3,210
Deferred tax
Origination and reversal of timing differences
3,910
-
0
Total tax charge
849
3,210
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 March 2022
1,560
1,064
-
0
2,624
Additions
-
0
-
0
21,018
21,018
At 28 February 2023
1,560
1,064
21,018
23,642
Depreciation and impairment
At 1 March 2022
1,560
1,064
-
0
2,624
Depreciation charged in the year
-
0
-
0
438
438
At 28 February 2023
1,560
1,064
438
3,062
Carrying amount
At 28 February 2023
-
0
-
0
20,580
20,580
At 28 February 2022
-
0
-
0
-
0
-
0
Invicta Testing Services Limited
Notes to the financial statements (continued)
For the year ended 28 February 2023
- 5 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
3,842
3,367
Corporation tax recoverable
3,061
-
0
Prepayments and accrued income
497
199
7,400
3,566
6
Creditors: amounts falling due within one year
2023
2022
Notes
£
£
Bank loans and overdrafts
1,200
1,200
Obligations under finance leases
3,503
-
0
Trade creditors
-
0
65
Corporation tax
2,000
3,210
Director's loan account
1,310
717
Accruals and deferred income
2,580
1,428
10,593
6,620
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
2,700
3,900
Other creditors
13,720
-
0
16,420
3,900
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2023
2022
£
£
1,619
8,099
9
Directors' transactions

Dividends totalling £11,000 (2022 - £12,000) were paid in the year in respect of shares held by the company's director.

The director's loan account was not overdrawn during the year.    

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