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Registered Number: 13511417
England and Wales

 

 

 

INVIVA LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 August 2023

End date: 31 July 2024
Directors Benjamin Pashley
Daisy Pashley
Registered Number 13511417
Registered Office Unit 10, Clayfield Mews
Newcomen Road
Tunbridge Wells
Kent
TN4 9PA
Accountants OMB Tax Limited
Unit 10, Clayfield Mews
Newcomen Road
Tunbridge Wells
TN4 9PA
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 July 2024.
Principal activities
The principal activity of the Company during the financial year was specialist advice and project management in the field of Artificial Intelligence and Machine Learning.
Directors
The directors who served throughout the year were as follows:
Benjamin Pashley
Daisy Pashley
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company, and its profit or loss for that year. In preparing these financial statements, the directors are required to:

- Select suitable accounting policies and then apply them consistently;
- Make judgements and accounting estimates that are reasonable and prudent;
- State whether applicable UK Accounting Standards have been followed (subject to any material departures disclosed); and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume continuation.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website.

Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Benjamin Pashley
Director

Date approved: 25 January 2025
2
You consider that the Company is exempt from an audit for the year ended 31 July 2024.

You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.  These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the Company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the accounting records of the Company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently, we do not express any opinion on these accounts.



OMB Tax Limited

Unit 10, Clayfield Mews
Newcomen Road
Tunbridge Wells
TN4 9PA
25 January 2025
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 64,274    69,204 
Investments 4 15,560   
79,834    69,204 
Current assets      
Debtors 5 1,539    1,250 
Cash at bank and in hand 344    4,709 
1,883    5,959 
Creditors: amount falling due within one year 6 (10,259)   (5,106)
Net current assets (8,376)   853 
 
Total assets less current liabilities 71,458    70,057 
Creditors: amount falling due after more than one year 7 (31,927)  
Net assets 39,531    70,057 
 

Capital and reserves
     
Called up share capital 8 135    135 
Share premium account 9 13,965    13,965 
Profit and loss account 25,431    55,957 
Shareholders' funds 39,531    70,057 
 


For the year ended 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 25 January 2025 and were signed on its behalf by:


-------------------------------
Benjamin Pashley
Director
4
General Information
Inviva Ltd is a private company, limited by shares, registered in England and Wales, under 13511417, at Unit 10, Clayfield Mews, Newcomen Road, Tunbridge Wells, Kent, TN4 9PA.  
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A), the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared under the historical cost convention in accordance with the accounting policies.  These financial statements are presented in sterling because that is the functional currency of the Company.
Going concern basis
The directors continue to adopt the going concern basis of accounting in preparing the financial statements notwithstanding that the Company has not achieved any turnover between the balance sheet date and the date of signing these financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the Company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable recognised in the profit & loss account.  No provision is made for any deferred tax.  The Company's liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.  Current and deferred tax assets and liabilities are not discounted.  
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment.  Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Electric vehicle 20% Reducing Balance
Office furniture and fittings 20% Reducing Balance
Computer equipment 20% Reducing Balance
Fixed asset investments
Fixed asset investments are stated at cost less provision for any diminution in value and comprises a loan advance to OpenPatho Ltd [registered in England and Wales under 15261361], that is unsecured and interest-free, because the director Mr Benjamin Pashley has a substantial shareholding and also holds the office of director. 
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Electric vehicle   Office furniture and fittings   Computer equipment   Total
  £   £   £   £
At 01 August 2023 61,690    32,787    13,108    107,585 
Additions     3,616    3,616 
Disposals      
At 31 July 2024 61,690    32,787    16,724    111,201 
Depreciation
At 01 August 2023 22,208    11,804    4,369    38,381 
Charge for year 4,442    2,361    1,743    8,546 
On disposals      
At 31 July 2024 26,650    14,165    6,112    46,927 
Net book values
Closing balance as at 31 July 2024 35,040    18,622    10,612    64,274 
Opening balance as at 01 August 2023 39,482    20,983    8,739    69,204 


4.

Investments

Cost Loans to participating interests   Total
  £   £
At 01 August 2023  
Additions 15,560    15,560 
Transfer to/from tangible fixed assets  
Disposals  
At 31 July 2024 15,560    15,560 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Prepayments 1,499    1,250 
Corporation tax 40   
1,539    1,250 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Corporation Tax   1,708 
PAYE deducted 573    80 
Unbilled accountancy costs 2,248    2,449 
Accrued directors' remuneration 5,308   
Value added taxes 2,130    869 
10,259    5,106 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Directors' loan 31,927   
31,927   

8.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
110 Ordinary shares of £1.00 each 110    110 
25 "A" Ordinary shares of £1.00 each 25    25 
135    135 

9.

Share premium account

2024
£
  2023
£
Share premium b/fwd 13,965   
Share premium [new issue]   13,965 
13,965    13,965 

5