Company Registration No. 15336207 (England and Wales)
Invergex Ltd
Unaudited accounts
for the period from 8 December 2023 to 31 December 2024
Invergex Ltd
Unaudited accounts
Contents
Invergex Ltd
Company Information
for the period from 8 December 2023 to 31 December 2024
Director
Christopher Moore
Company Number
15336207 (England and Wales)
Registered Office
CHERRY LEA WELLS ROAD
DUNDRY
BRISTOL
BS41 8NE
ENGLAND
Accountants
Vertical Consulting Ltd
18 Wellington Park
Clifton
Bristol
Bristol
BS8 2UT
Invergex Ltd
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
75,630
Creditors: amounts falling due within one year
(53,051)
Total assets less current liabilities
142,517
Provisions for liabilities
Profit and loss account
132,940
Shareholders' funds
132,941
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 May 2025 and were signed on its behalf by
Christopher Moore
Director
Company Registration No. 15336207
Invergex Ltd
Notes to the Accounts
for the period from 8 December 2023 to 31 December 2024
Invergex Ltd is a private company, limited by shares, registered in England and Wales, registration number 15336207. The registered office is CHERRY LEA WELLS ROAD, DUNDRY, BRISTOL, BS41 8NE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% - reducing balance basis
Motor vehicles
25% - reducing balance basis
Fixtures & fittings
15% - reducing balance basis
Computer equipment
15% - reducing balance basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Invergex Ltd
Notes to the Accounts
for the period from 8 December 2023 to 31 December 2024
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 8 December 2023
-
-
-
-
Additions
34,758
25,000
12,076
71,834
At 31 December 2024
34,758
25,000
12,076
71,834
Charge for the period
5,214
6,250
1,811
13,275
At 31 December 2024
5,214
6,250
1,811
13,275
At 31 December 2024
29,544
18,750
10,265
58,559
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
Taxes and social security
48,912
7
Transactions with related parties
At the year end the company was owed £16,000 by Litralove Ltd, a company owned and controlled by H Moore, the director's wife. No interest was charged on this loan.
Invergex Ltd
Notes to the Accounts
for the period from 8 December 2023 to 31 December 2024
8
Average number of employees
During the period the average number of employees was 3.