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REGISTERED NUMBER: 07710863 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Invicta Pallets Limited

Invicta Pallets Limited (Registered number: 07710863)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Invicta Pallets Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D J Pearce
M Whitfield





REGISTERED OFFICE: 51 The Stream
Ditton
AYLESFORD
Kent
ME20 6AG





REGISTERED NUMBER: 07710863 (England and Wales)





ACCOUNTANTS: Zenon Tax Limited
51 The Stream
Ditton
Aylesford
Kent
ME20 6AG

Invicta Pallets Limited (Registered number: 07710863)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136,312 174,805

CURRENT ASSETS
Stocks 25,000 14,250
Debtors 5 1,396,035 259,435
Cash at bank and in hand 325,972 1,200,358
1,747,007 1,474,043
CREDITORS
Amounts falling due within one year 6 340,965 340,666
NET CURRENT ASSETS 1,406,042 1,133,377
TOTAL ASSETS LESS CURRENT LIABILITIES 1,542,354 1,308,182

CREDITORS
Amounts falling due after more than one year 7 (102,000 ) (139,285 )

PROVISIONS FOR LIABILITIES (34,078 ) (33,213 )
NET ASSETS 1,406,276 1,135,684

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,406,274 1,135,682
SHAREHOLDERS' FUNDS 1,406,276 1,135,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 31 March 2025 and were signed on its behalf by:





D J Pearce - Director


Invicta Pallets Limited (Registered number: 07710863)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Invicta Pallets 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 etc - 33% on cost and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 15 ) .

Invicta Pallets Limited (Registered number: 07710863)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 626,763
Additions 37,938
At 30 June 2024 664,701
DEPRECIATION
At 1 July 2023 451,958
Charge for year 76,431
At 30 June 2024 528,389
NET BOOK VALUE
At 30 June 2024 136,312
At 30 June 2023 174,805

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023 264,282
Additions 37,938
Transfer to ownership (30,780 )
At 30 June 2024 271,440
DEPRECIATION
At 1 July 2023 91,810
Charge for year 75,556
Transfer to ownership (25,650 )
At 30 June 2024 141,716
NET BOOK VALUE
At 30 June 2024 129,724
At 30 June 2023 172,472

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 248,967 242,949
Other debtors 1,147,068 16,486
1,396,035 259,435

Invicta Pallets Limited (Registered number: 07710863)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 56,864 46,470
Trade creditors 56,855 127,320
Taxation and social security 183,943 74,557
Other creditors 33,303 82,319
340,965 340,666

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 9,913 19,926
Hire purchase contracts 92,087 119,359
102,000 139,285

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 148,951 165,829

9. RELATED PARTY DISCLOSURES

During the period, the company declared dividends totalling £4,000 (2023: £8,000).

10. ULTIMATE CONTROLLING PARTY

The directors consider the company is controlled by the directors, David Pearce and Michael Whitfield.