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Company No: 08036554 (England and Wales)

INVICTA SALES LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

INVICTA SALES LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

INVICTA SALES LIMITED

BALANCE SHEET

As at 30 April 2024
INVICTA SALES LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 102,246 202,521
Tangible assets 4 132,505 141,536
234,751 344,057
Current assets
Debtors 5 451,422 402,748
Cash at bank and in hand 50,113 16,694
501,535 419,442
Creditors: amounts falling due within one year 6 ( 685,639) ( 564,757)
Net current liabilities (184,104) (145,315)
Total assets less current liabilities 50,647 198,742
Creditors: amounts falling due after more than one year 7 ( 28,238) ( 33,656)
Net assets 22,409 165,086
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 22,309 164,986
Total shareholders' funds 22,409 165,086

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Invicta Sales Limited (registered number: 08036554) were approved and authorised for issue by the Board of Directors on 28 April 2025. They were signed on its behalf by:

I Butcher
Director
INVICTA SALES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
INVICTA SALES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Invicta Sales Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-9 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Website costs 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line, reducing balance basis over its expected useful life, as follows:

Leasehold improvements 15 years straight line
Fixtures and fittings 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 11

3. Intangible assets

Goodwill Website costs Total
£ £ £
Cost
At 01 May 2023 1,000,000 2,750 1,002,750
At 30 April 2024 1,000,000 2,750 1,002,750
Accumulated amortisation
At 01 May 2023 800,000 229 800,229
Charge for the financial year 100,000 275 100,275
At 30 April 2024 900,000 504 900,504
Net book value
At 30 April 2024 100,000 2,246 102,246
At 30 April 2023 200,000 2,521 202,521

4. Tangible assets

Leasehold improve-
ments
Fixtures and fittings Total
£ £ £
Cost
At 01 May 2023 140,000 9,835 149,835
Additions 0 1,587 1,587
At 30 April 2024 140,000 11,422 151,422
Accumulated depreciation
At 01 May 2023 1,556 6,743 8,299
Charge for the financial year 9,333 1,285 10,618
At 30 April 2024 10,889 8,028 18,917
Net book value
At 30 April 2024 129,111 3,394 132,505
At 30 April 2023 138,444 3,092 141,536

5. Debtors

2024 2023
£ £
Trade debtors 314,535 286,917
Other debtors 136,887 115,831
451,422 402,748

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 5,559 5,696
Trade creditors 362,700 374,733
Taxation and social security 244,793 123,707
Other creditors 72,587 60,621
685,639 564,757

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 28,238 33,656

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
49 Ordinary A shares of £ 1.00 each 49 49
1 Ordinary B share of £ 1.00 1 1
49 Ordinary C shares of £ 1.00 each 49 49
1 Ordinary D share of £ 1.00 1 1
100 100

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Key management 79,709 61,826

Interest rates of 2.25% were charged on the above in line with HMRC rates.