1 December 2022 false No description of principal activity Taxfiler 2024.5 SC681559business:PrivateLimitedCompanyLtd2022-12-012023-11-30 SC6815592022-11-30 SC6815592022-12-012023-11-30 SC681559business:AuditExempt-NoAccountantsReport2022-12-012023-11-30 SC681559business:FilletedAccounts2022-12-012023-11-30 SC6815592023-11-30 SC681559business:Director12022-12-012023-11-30 SC681559business:Director22022-12-012023-11-30 SC681559business:RegisteredOffice2022-12-012023-11-30 SC6815592022-11-30 SC681559core:WithinOneYear2023-11-30 SC681559core:WithinOneYear2022-11-30 SC681559core:AfterOneYear2023-11-30 SC681559core:AfterOneYear2022-11-30 SC681559core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 SC681559core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 SC681559core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 SC681559core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 SC681559core:PreviouslyStatedAmount2023-11-30 SC681559core:PreviouslyStatedAmount2022-11-30 SC681559business:SmallEntities2022-12-012023-11-30 SC681559countries:Scotland2022-12-012023-11-30 SC681559core:Goodwill2022-11-30 SC681559core:Goodwill2023-11-30 SC6815592021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. SC681559 (Scotland)
INVERNESS BUSINESS LTD Unaudited accounts for the year ended 30 November 2023
INVERNESS BUSINESS LTD Unaudited accounts Contents
Page
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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
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INVERNESS BUSINESS LTD Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
- 
3 
Fixed assets
Intangible assets
90,000 
90,000 
Current assets
Inventories
110,350 
99,563 
Cash at bank and in hand
29,949 
6,342 
140,299 
105,905 
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)
Capital and reserves
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
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INVERNESS BUSINESS LTD Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2022
90,000 
At 30 November 2023
90,000 
Amortisation
At 1 December 2022
- 
At 30 November 2023
- 
Net book value
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 
VAT
2,397 
(2,357)
Trade creditors
161,626 
149,454 
Taxes and social security
2,589 
- 
Loans from directors
12,000 
- 
201,279 
169,764 
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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 
£ 
£ 
Bank loans
30,222 
52,889 
7
Average number of employees
During the year the average number of employees was 9 (2022: 11).
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