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REGISTERED NUMBER: SC602537 (Scotland)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Inverness Luxury Pods Limited

Inverness Luxury Pods Limited (Registered number: SC602537)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Inverness Luxury Pods Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Mrs C M Macleod





REGISTERED OFFICE: Maclodge Upper Faillie
Daviot
Inverness
Highland
IV2 6WG





REGISTERED NUMBER: SC602537 (Scotland)





ACCOUNTANTS: Mackay & Co CA
3 Fodderty Way
Dingwall
Ross-shire
IV15 9XB

Inverness Luxury Pods Limited (Registered number: SC602537)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,291 61,357

CURRENT ASSETS
Prepayments and accrued income 1,238 -
Cash at bank 7,756 2,447
8,994 2,447
CREDITORS
Amounts falling due within one year 5 15,535 22,966
NET CURRENT LIABILITIES (6,541 ) (20,519 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,750

40,838

CREDITORS
Amounts falling due after more than
one year

6

(9,999

)

(15,366

)

PROVISIONS FOR LIABILITIES (565 ) (726 )
NET ASSETS 42,186 24,746

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 42,086 24,646
42,186 24,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Inverness Luxury Pods Limited (Registered number: SC602537)

Balance Sheet - continued
31 July 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 director and authorised for issue on 28 March 2024 and were signed by:





Mrs C M Macleod - Director


Inverness Luxury Pods Limited (Registered number: SC602537)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Inverness Luxury Pods Limited is a private company, limited by shares , registered in Scotland. 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.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Inverness Luxury Pods Limited (Registered number: SC602537)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 60,733 8,625 69,358
Additions - 964 964
Disposals - (1,578 ) (1,578 )
At 31 July 2023 60,733 8,011 68,744
DEPRECIATION
At 1 August 2022 3,200 4,801 8,001
Charge for year 1,215 1,093 2,308
Eliminated on disposal - (856 ) (856 )
At 31 July 2023 4,415 5,038 9,453
NET BOOK VALUE
At 31 July 2023 56,318 2,973 59,291
At 31 July 2022 57,533 3,824 61,357

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 5,324 4,817
Trade creditors - 1
Taxation and social security 4,920 4,700
Other creditors 5,291 13,448
15,535 22,966

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 9,999 15,366

Inverness Luxury Pods Limited (Registered number: SC602537)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
Mrs C M Macleod
Balance outstanding at start of year 10,878 28,052
Amounts advanced 3,232 1,222
Amounts repaid (10,594 ) (18,396 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,516 10,878

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Inverness Luxury Pods Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Inverness Luxury Pods Limited for the year ended 31 July 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Inverness Luxury Pods Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Inverness Luxury Pods Limited and state those matters that we have agreed to state to the director of Inverness Luxury Pods Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Inverness Luxury Pods Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Inverness Luxury Pods Limited. You consider that Inverness Luxury Pods Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Inverness Luxury Pods Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mackay & Co CA
3 Fodderty Way
Dingwall
Ross-shire
IV15 9XB


Date: .............................................