INVICTA SCOTLAND LIMITED

Company Registration Number:
SC531039 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

INVICTA SCOTLAND LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Additional notes
Balance sheet notes

INVICTA SCOTLAND LIMITED

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 385,427 426,590
Total fixed assets: 385,427 426,590
Current assets
Stocks: 4 7,560 7,560
Debtors: 5 186,947 104,830
Cash at bank and in hand: 14,270 22,572
Total current assets: 208,777 134,962
Creditors: amounts falling due within one year: 6 ( 188,293 ) ( 131,586 )
Net current assets (liabilities): 20,484 3,376
Total assets less current liabilities: 405,911 429,966
Creditors: amounts falling due after more than one year: 7 ( 256,345 ) ( 327,206 )
Total net assets (liabilities): 149,566 102,760
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 149,466 102,660
Total Shareholders' funds: 149,566 102,760

The notes form part of these financial statements

INVICTA SCOTLAND LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 28 March 2024
and signed on behalf of the board by:

Name: Matthew J Swan
Status: Director

The notes form part of these financial statements

INVICTA SCOTLAND LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:Plant and machinery - 20% reducing balanceMotor vehicles - 25% reducing balance

    Valuation information and policy

    Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

INVICTA SCOTLAND LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 18 13

INVICTA SCOTLAND LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 342,401 258,266 600,667
Additions 4,147 4,147
Disposals
Revaluations 38,039 38,039
Transfers
At 31 March 2023 380,440 262,413 642,853
Depreciation
At 1 April 2022 61,661 112,416 174,077
Charge for year 38,337 45,012 83,349
On disposals
Other adjustments
At 31 March 2023 99,998 157,428 257,426
Net book value
At 31 March 2023 280,442 104,985 385,427
At 31 March 2022 280,740 145,850 426,590

INVICTA SCOTLAND LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Stocks

2023 2022
£ £
Stocks 7,560 7,560
Total 7,560 7,560

INVICTA SCOTLAND LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Debtors

2023 2022
£ £
Trade debtors 94,935 94,935
Other debtors 92,012 9,895
Total 186,947 104,830

INVICTA SCOTLAND LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 28,599 19,408
Amounts due under finance leases and hire purchase contracts 67,194 64,816
Taxation and social security 88,304 42,570
Accruals and deferred income 1,000
Other creditors 3,196 4,792
Total 188,293 131,586

INVICTA SCOTLAND LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 68,048 77,456
Amounts due under finance leases and hire purchase contracts 188,297 249,750
Total 256,345 327,206