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REGISTERED NUMBER: SC498352 (Scotland)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

INVERCULEN LIMITED

INVERCULEN LIMITED (BY SHARES) (REGISTERED NUMBER: SC498352)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2 to 3


INVERCULEN LIMITED (BY SHARES)

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: C D Hill
Mrs L Hill





REGISTERED OFFICE: 51-53 High Street
Turriff
Aberdeenshire
AB53 4EJ





REGISTERED NUMBER: SC498352 (Scotland)





ACCOUNTANTS: Bain Henry Reid
Statutory Auditors
Chartered Accountants
51-53 High Street
Turriff
Aberdeenshire
AB53 4EJ

INVERCULEN LIMITED (BY SHARES) (REGISTERED NUMBER: SC498352)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
£    £    £    £   
FIXED ASSETS 134,614 121,475

CURRENT ASSETS 18,287 17,950

CREDITORS
Amounts falling due within one year (80,137 ) (104,336 )
NET CURRENT LIABILITIES (61,850 ) (86,386 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,764

35,089

CAPITAL AND RESERVES 72,764 35,089

NOTES TO THE FINANCIAL STATEMENTS

1. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2023 - 1 ) .

2. DIRECTOR'S LOANS

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
C D Hill and Mrs L Hill
Balance outstanding at start of year (103,374 ) (127,851 )
Amounts advanced 38,812 28,597
Amounts repaid (10,120 ) (4,120 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (74,682 ) (103,374 )

The loan is interest free and there are no fixed terms of repayment.



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

INVERCULEN LIMITED (BY SHARES) (REGISTERED NUMBER: SC498352)

BALANCE SHEET - continued
29 FEBRUARY 2024


The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





C D Hill - Director