Company Registration No. SC681559 (Scotland)
INVERNESS BUSINESS LTD
Unaudited accounts
for the year ended 30 November 2023
INVERNESS BUSINESS LTD
Unaudited accounts
Contents
INVERNESS BUSINESS LTD
Company Information
for the year ended 30 November 2023
Directors
Biju Paul
Mathew Korakunju
Company Number
SC681559 (Scotland)
Registered Office
9 WESTHILL GRANGE
WESTHILL
ABERDEENSHIRE
AB32 6QJ
SCOTLAND
INVERNESS BUSINESS LTD
Statement of financial position
as at 30 November 2023
Called up share capital not paid
-
3
Intangible assets
90,000
90,000
Inventories
110,350
99,563
Cash at bank and in hand
29,949
6,342
Creditors: amounts falling due within one year
(201,279)
(169,764)
Net current liabilities
(60,980)
(63,859)
Total assets less current liabilities
29,020
26,144
Creditors: amounts falling due after more than one year
(30,222)
(52,889)
Net liabilities
(1,202)
(26,745)
Called up share capital
3
3
Profit and loss account
(1,205)
(26,748)
Shareholders' funds
(1,202)
(26,745)
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by
Biju Paul
Director
Company Registration No. SC681559
INVERNESS BUSINESS LTD
Notes to the Accounts
for the year ended 30 November 2023
INVERNESS BUSINESS LTD is a private company, limited by shares, registered in Scotland, registration number SC681559. The registered office is 9 WESTHILL GRANGE, WESTHILL, ABERDEENSHIRE, AB32 6QJ, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 November 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Intangible fixed assets
Goodwill
At 30 November 2023
90,000
At 30 November 2023
90,000
At 30 November 2022
90,000
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
22,667
22,667
Trade creditors
161,626
149,454
Taxes and social security
2,589
-
Loans from directors
12,000
-
INVERNESS BUSINESS LTD
Notes to the Accounts
for the year ended 30 November 2023
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 9 (2022: 11).