REGISTERED NUMBER: 10839473 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Invertase Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

I J Brookes

M J Diarmid

E D Hesp

REGISTERED OFFICE:

Datum House

Electra Way

Crewe

Cheshire

CW1 6ZF

REGISTERED NUMBER:

10839473 (England and Wales)

FIXED ASSETS

Tangible assets

5

48,571

47,998

CURRENT ASSETS

Debtors: amounts falling due within one year

6

1,058,248

609,119

Cash at bank

694,268

282,575

1,752,516

891,694

CREDITORS

Amounts falling due within one year

7

(714,401

)

(286,614

)

NET CURRENT ASSETS

1,038,115

605,080

TOTAL ASSETS LESS CURRENT LIABILITIES

1,086,686

653,078

PROVISIONS FOR LIABILITIES

8

(11,914

)

(12,000

)

NET ASSETS

1,074,772

641,078

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

1,074,769

641,075

1,074,772

641,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

E D Hesp - Director

1.	STATUTORY INFORMATION

Invertase Ltd ('The Company') are primarily engaged in information technology consultancy and software development.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and address of the registered office is Datum House, Electra Way, Crewe, Cheshire, United Kingdom, CW1 6ZF. The registered number can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation

The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern

No material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the directors.

Notwithstanding any uncertainties the directors consider it appropriate to prepare the financial statements on the going concern basis.

Turnover

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 is recognised when goods and services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Computer equipment

-

25% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Impairment of assets

Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 9 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2024

1,499

85,160

86,659

Additions

-

21,765

21,765

At 31 December 2024

1,499

106,925

108,424

DEPRECIATION

At 1 January 2024

420

38,241

38,661

Charge for year

216

20,976

21,192

At 31 December 2024

636

59,217

59,853

NET BOOK VALUE

At 31 December 2024

863

47,708

48,571

At 31 December 2023

1,079

46,919

47,998

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,003,700

527,468

Other debtors

54,548

81,651

1,058,248

609,119

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

13,589

6,107

Taxation and social security

223,737

28,708

Other creditors

477,075

251,799

714,401

286,614

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

11,914

12,000

Deferred

tax

£

Balance at 1 January 2024

12,000

Credit to Income Statement during year

(86

)

Balance at 31 December 2024

11,914

9.	ULTIMATE CONTROLLING PARTY

The company is a 100% subsidiary of Invertase Holdings Limited (a company incorporated in England and Wales), which is the ultimate parent company. Invertase Holdings Limited is under the control of the directors, who at the date of this report hold 100% of the issued share capital.