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REGISTERED NUMBER: 04917769 (England and Wales)












INVINCIBLE DRAIN CARE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






INVINCIBLE DRAIN CARE LIMITED (REGISTERED NUMBER: 04917769)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INVINCIBLE DRAIN CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr V R Sillence
Mrs T J Sillence
Ms S Hodge
Mr R Webb





REGISTERED OFFICE: Highland House
Mayflower Close
Chandlers Ford
Eastleigh
Hampshire
SO53 4AR





REGISTERED NUMBER: 04917769 (England and Wales)

INVINCIBLE DRAIN CARE LIMITED (REGISTERED NUMBER: 04917769)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 143,214 167,815

CURRENT ASSETS
Stocks 55,243 66,794
Debtors 5 1,602,363 1,462,305
Cash at bank and in hand 2,523,973 1,993,042
4,181,579 3,522,141
CREDITORS
Amounts falling due within one year 6 (1,234,637 ) (1,173,038 )
NET CURRENT ASSETS 2,946,942 2,349,103
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,090,156

2,516,918

PROVISIONS FOR LIABILITIES 8 (35,351 ) (41,955 )
NET ASSETS 3,054,805 2,474,963

CAPITAL AND RESERVES
Called up share capital 10,100 10,100
Retained earnings 3,044,705 2,464,863
SHAREHOLDERS' FUNDS 3,054,805 2,474,963

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

INVINCIBLE DRAIN CARE LIMITED (REGISTERED NUMBER: 04917769)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2024 and were signed on its behalf by:





Ms S Hodge - Director


INVINCIBLE DRAIN CARE LIMITED (REGISTERED NUMBER: 04917769)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Invincible Drain Care 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 FRS102 "The Financial Reporting Standards 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 FRS102 have been applied other than where additional disclosure is required to show a true and far view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% Reducing balance
Fixtures and fittings - 25% Reducing balance and Straight line over 5 years
Computer equipment - 25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 Statement of Income and Retained Earnings, 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.

INVINCIBLE DRAIN CARE LIMITED (REGISTERED NUMBER: 04917769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

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.

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 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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial assets
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 85 (2022 - 87 ) .

INVINCIBLE DRAIN CARE LIMITED (REGISTERED NUMBER: 04917769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 1 January 2023 521,424 24,559 45,251 591,234
Additions 18,567 - 4,888 23,455
Disposals - - (427 ) (427 )
At 31 December 2023 539,991 24,559 49,712 614,262
DEPRECIATION
At 1 January 2023 366,252 23,445 33,722 423,419
Charge for year 43,434 278 4,024 47,736
Eliminated on disposal - - (107 ) (107 )
At 31 December 2023 409,686 23,723 37,639 471,048
NET BOOK VALUE
At 31 December 2023 130,305 836 12,073 143,214
At 31 December 2022 155,172 1,114 11,529 167,815


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 1,425,264 1,406,897
Other debtors 177,099 55,408
1,602,363 1,462,305

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 306,334 380,385
Taxation and social security 619,895 457,857
Other creditors 308,408 334,796
1,234,637 1,173,038

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 207,588 171,492
Between one and five years 190,453 142,835
398,041 314,327

INVINCIBLE DRAIN CARE LIMITED (REGISTERED NUMBER: 04917769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 35,351 41,955

Deferred tax
£
Balance at 1 January 2023 41,955
Accelerated Capital Allowances (6,604 )
Balance at 31 December 2023 35,351

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, amounts totalling £197,769 (2022: £184,771) were advanced to the company Directors. £110,000 (2022: £238,821) was repaid prior to the year end. At the balance sheet date the company was owed £87,769 (2022: £Nil) by the Directors.

No interest has been charged on the advances.

10. ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate parent company is Invincible Services Limited, a company registered in the United Kingdom.