Invicta Insurance Services Limited |
Registered number: |
02192083 |
Balance Sheet |
as at 31 December 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
18,681 |
|
|
3,120 |
|
Current assets |
Debtors |
4 |
|
211,831 |
|
|
115,182 |
Cash at bank and in hand |
|
|
44,933 |
|
|
32,998 |
|
|
|
256,764 |
|
|
148,180 |
|
Creditors: amounts falling due within one year |
5 |
|
(54,606) |
|
|
(65,589) |
|
Net current assets |
|
|
|
202,158 |
|
|
82,591 |
|
Total assets less current liabilities |
|
|
|
220,839 |
|
|
85,711 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(157,417) |
|
|
(56,295) |
|
|
|
Net assets |
|
|
|
63,422 |
|
|
29,416 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
51,940 |
|
|
51,940 |
Share premium |
|
|
|
185,304 |
|
|
185,304 |
Profit and loss account |
|
|
|
(173,822) |
|
|
(207,828) |
|
Shareholders' funds |
|
|
|
63,422 |
|
|
29,416 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
A Best |
Director |
Approved by the board on 24 February 2024 |
|
Invicta Insurance Services Limited |
Notes to the Accounts |
for the period from 1 July 2022 to 31 December 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the value of fees, commisions and sundry income arising in respect of services provided to customers. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Office equipment |
over 3 years |
|
Motor vehicles |
over 3 years |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
17 |
|
14 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Office equipment |
|
Motor vehicles |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 July 2022 |
45,552 |
|
4,995 |
|
50,547 |
|
Additions |
10,795 |
|
15,000 |
|
25,795 |
|
Disposals |
- |
|
(4,995) |
|
(4,995) |
|
At 31 December 2023 |
56,347 |
|
15,000 |
|
71,347 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2022 |
45,552 |
|
1,875 |
|
47,427 |
|
Charge for the period |
4,198 |
|
3,240 |
|
7,438 |
|
On disposals |
- |
|
(2,199) |
|
(2,199) |
|
At 31 December 2023 |
49,750 |
|
2,916 |
|
52,666 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2023 |
6,597 |
|
12,084 |
|
18,681 |
|
At 30 June 2022 |
- |
|
3,120 |
|
3,120 |
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
210,485 |
|
95,130 |
|
Other debtors |
1,346 |
|
20,052 |
|
|
|
|
|
|
211,831 |
|
115,182 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Obligations under finance lease and hire purchase contracts |
5,064 |
|
- |
|
Corporation tax |
4,836 |
|
- |
|
Other creditors |
44,706 |
|
65,589 |
|
|
|
|
|
|
54,606 |
|
65,589 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
117,417 |
|
56,295 |
|
Other creditors |
40,000 |
|
- |
|
|
|
|
|
|
157,417 |
|
56,295 |
|
|
|
|
|
|
|
|
|
|
Other creditors includes a subordinated loan of £40,000 with no fixed date of repayment |
|
7 |
Other information |
|
|
Invicta Insurance Services Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Invicta House |
|
Amherst Hill |
|
Riverhead |
|
Kent |
|
TN13 2EL |