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REGISTERED NUMBER: 07545794 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

INVEK SERVICES LIMITED

INVEK SERVICES LIMITED (REGISTERED NUMBER: 07545794)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INVEK SERVICES LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTORS: K Pullen
Mrs I M Sikorski - Pullen





REGISTERED OFFICE: Unit 14, The Alpha Centre
Armstrong Way
Yate
Bristol
BS37 5NG





REGISTERED NUMBER: 07545794 (England and Wales)





ACCOUNTANT: Grahame J Harbour Limited
1 Windrush Road
Keynsham
Bristol
Avon
BS31 1QL

INVEK SERVICES LIMITED (REGISTERED NUMBER: 07545794)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 190,132 158,629

CURRENT ASSETS
Stocks 482,512 182,891
Debtors 5 985,714 1,077,354
Cash at bank and in hand 331,757 662,697
1,799,983 1,922,942
CREDITORS
Amounts falling due within one year 6 1,096,440 1,211,602
NET CURRENT ASSETS 703,543 711,340
TOTAL ASSETS LESS CURRENT
LIABILITIES

893,675

869,969

CREDITORS
Amounts falling due after more than one
year

7

(39,869

)

(26,460

)

PROVISIONS FOR LIABILITIES 8 (17,221 ) (25,777 )
NET ASSETS 836,585 817,732

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 836,575 817,722
SHAREHOLDERS' FUNDS 836,585 817,732

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.

INVEK SERVICES LIMITED (REGISTERED NUMBER: 07545794)

Balance Sheet - continued
29 February 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





K Pullen - Director


INVEK SERVICES LIMITED (REGISTERED NUMBER: 07545794)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Invek Services 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 Income Statement, 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.

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.

INVEK SERVICES LIMITED (REGISTERED NUMBER: 07545794)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 26,602 22,193 365,408 68,461 482,664
Additions - - 146,534 1,140 147,674
Disposals - - (108,964 ) - (108,964 )
At 29 February 2024 26,602 22,193 402,978 69,601 521,374
DEPRECIATION
At 1 March 2023 24,910 18,741 227,569 52,815 324,035
Charge for year 423 863 61,800 4,196 67,282
Eliminated on disposal - - (60,075 ) - (60,075 )
At 29 February 2024 25,333 19,604 229,294 57,011 331,242
NET BOOK VALUE
At 29 February 2024 1,269 2,589 173,684 12,590 190,132
At 28 February 2023 1,692 3,452 137,839 15,646 158,629

INVEK SERVICES LIMITED (REGISTERED NUMBER: 07545794)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023 92,967
Additions 109,358
At 29 February 2024 202,325
DEPRECIATION
At 1 March 2023 23,242
Charge for year 47,647
At 29 February 2024 70,889
NET BOOK VALUE
At 29 February 2024 131,436
At 28 February 2023 69,725

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 755,105 700,039
Retentions 189,875 253,306
Other debtors 39,502 111,986
Tax - 6,435
Prepayments 1,232 5,588
985,714 1,077,354

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 34,807 18,097
Trade creditors 633,074 635,832
Subcontract retentions 292,946 271,205
Tax 15,167 -
Social security and other taxes 32,427 42,966
Directors' current accounts 15,509 35,313
Accrued expenses 72,510 208,189
1,096,440 1,211,602

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 39,869 26,460

INVEK SERVICES LIMITED (REGISTERED NUMBER: 07545794)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 17,221 25,777

Deferred
tax
£   
Balance at 1 March 2023 25,777
Credit to Income Statement during year (8,556 )
Balance at 29 February 2024 17,221

The deferred tax provision is in respect of advanced capital allowances.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
10 Ordinary £1 10 10