0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 60,000 297,947 357,947 60,000 60,000 357,947 2,341 2,341 2,500 2,500 xbrli:pure xbrli:shares iso4217:GBP 08057815 2023-06-01 2024-05-31 08057815 2024-05-31 08057815 2023-05-31 08057815 2022-06-01 2023-05-31 08057815 2023-05-31 08057815 2022-05-31 08057815 bus:Director1 2023-06-01 2024-05-31 08057815 core:WithinOneYear 2024-05-31 08057815 core:WithinOneYear 2023-05-31 08057815 core:AfterOneYear 2024-05-31 08057815 core:AfterOneYear 2023-05-31 08057815 core:ShareCapital 2024-05-31 08057815 core:ShareCapital 2023-05-31 08057815 core:RevaluationReserve 2024-05-31 08057815 core:RetainedEarningsAccumulatedLosses 2024-05-31 08057815 core:RetainedEarningsAccumulatedLosses 2023-05-31 08057815 core:CostValuation core:Non-currentFinancialInstruments 2024-05-31 08057815 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2024-05-31 08057815 bus:SmallEntities 2023-06-01 2024-05-31 08057815 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 08057815 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08057815 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08057815 bus:FullAccounts 2023-06-01 2024-05-31 08057815 core:ComputerSoftware 2023-06-01 2024-05-31 08057815 core:ComputerEquipment 2023-06-01 2024-05-31 08057815 core:ComputerSoftware 2023-05-31 08057815 core:ComputerSoftware 2024-05-31 08057815 core:ComputerEquipment 2024-05-31
COMPANY REGISTRATION NUMBER: 08057815
INVIGILATIS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 May 2024
INVIGILATIS LIMITED
STATEMENT OF FINANCIAL POSITION
31 May 2024
2024
2023
Note
£
£
Fixed Assets
Intangible assets
4
357,947
Current Assets
Debtors
7
48,964
490,940
Cash at bank and in hand
72,889
2,047
-----------
-----------
121,853
492,987
Creditors: amounts falling due within one year
8
417,205
451,302
-----------
-----------
Net Current (Liabilities)/Assets
( 295,352)
41,685
-----------
---------
Total Assets Less Current Liabilities
62,595
41,685
Creditors: amounts falling due after more than one year
9
30,337
36,863
---------
---------
Net Assets
32,258
4,822
---------
---------
INVIGILATIS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 May 2024
2024
2023
Note
£
£
Capital and Reserves
Called up share capital
100
100
Revaluation reserve
297,947
Profit and loss account
( 265,789)
4,722
-----------
--------
Shareholders Funds
32,258
4,822
-----------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 24 February 2025 , and are signed on behalf of the board by:
C E Brown
Director
Company registration number: 08057815
INVIGILATIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MAY 2024
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Melton Court, Gibson Lane, Melton, Hull, East Yorkshire, HU14 3HH.
2. Statement of Compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going Concern
The financial statements have been prepared on the going concern basis. This is only appropriate if the company is able to continue trading. The directors consider that, with their support and the support of other group companies, the company will be able to continue trading.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Intangible Assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Computer software
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible Assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
20% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4. Intangible Assets
Computer software
£
Cost
At 1 June 2023
60,000
Additions
Revaluations
297,947
-----------
At 31 May 2024
357,947
-----------
Amortisation
At 1 June 2023
60,000
Charge for the year
Revaluations
( 60,000)
-----------
At 31 May 2024
-----------
Carrying amount
At 31 May 2024
357,947
-----------
At 31 May 2023
-----------
5. Tangible Assets
Equipment
Total
£
£
Cost
At 1 June 2023 and 31 May 2024
2,341
2,341
--------
--------
Depreciation
At 1 June 2023 and 31 May 2024
2,341
2,341
--------
--------
Carrying amount
At 31 May 2024
--------
--------
At 31 May 2023
--------
--------
6. Investments
Shares in group undertakings
£
Cost
At 1 June 2023 and 31 May 2024
2,500
--------
Impairment
At 1 June 2023 and 31 May 2024
2,500
--------
Carrying amount
At 31 May 2024
--------
At 31 May 2023
--------
7. Debtors
2024
2023
£
£
Trade debtors
48,964
6,229
Other debtors
484,711
---------
-----------
48,964
490,940
---------
-----------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
5,000
5,000
Trade creditors
1,968
1,967
Corporation tax
25,925
12,493
Social security and other taxes
4,830
9,355
Other creditors
379,482
422,487
-----------
-----------
417,205
451,302
-----------
-----------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
30,337
36,863
---------
---------