Invosys Business Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04740420

Invosys Business Limited

Filleted Financial Statements

31 December 2024

Invosys Business Limited

Financial Statements

Period from 1 December 2023 to 31 December 2024

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3

Invosys Business Limited

Officers and Professional Advisers

The board of directors	Mr P Crooks (Resigned 6 December 2023)
	Mrs J Tuffs
	R J Jonsson (Served from 6 December 2023 to 17 March 2024)
	Mr J Brady (Appointed 17 March 2024)

Registered office	Regus Manchester Airport
	Room 120 Manchester Business Park
	Aviator Way
	Manchester
	M22 5TG

Auditor	Crossley & Davis Chartered Accountants
	Chartered accountants & statutory auditor
	Ground Floor, Seneca House
	Links Point
	Amy Johnson Way
	Blackpool
	Lancashire
	FY4 2FF

Invosys Business Limited

Statement of Financial Position

31 December 2024

	31 Dec 24	30 Nov 23
Note	£	£

Current assets

Debtors	6	3,445,448	3,699,144
Cash at bank and in hand		422,460	306,105
		------------	------------
		3,867,908	4,005,249

Creditors: amounts falling due within one year	7	2,583,413	3,224,003
		------------	------------
Net current assets		1,284,495	781,246
		------------	---------
Total assets less current liabilities		1,284,495	781,246

Provisions	–	890
	------------	---------
Net assets	1,284,495	780,356
	------------	---------

Capital and reserves

Called up share capital	8	100	100
Capital redemption reserve		2	2
Profit and loss account		1,284,393	780,254
		------------	---------
Shareholders funds		1,284,495	780,356
		------------	---------

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.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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 30 September 2025 , and are signed on behalf of the board by:

Mrs J Tuffs

Director

Company registration number: 04740420

Invosys Business Limited

Notes to the Financial Statements

Period from 1 December 2023 to 31 December 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 Regus Manchester Airport, Room 120 Manchester Business Park, Aviator Way, Manchester, M22 5TG.

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 the profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have been rounded to the nearest £1.

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. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised .

4. Employee numbers

The average number of persons employed by the company during the period amounted to 2 (2023: 1 ).

5. Dividends

	31 Dec 24	30 Nov 23
	£	£
Dividends paid during the period (excluding those for which a liability existed at the end of the prior period )	–	2,370,647
	----	------------

6. Debtors

	31 Dec 24	30 Nov 23
	£	£
Trade debtors	132,739	97,487
Amounts owed by group undertakings and undertakings in which the company has a participating interest	3,009,761	2,813,740
Other debtors	302,948	787,917
	------------	------------
	3,445,448	3,699,144
	------------	------------

7. Creditors: amounts falling due within one year

	31 Dec 24	30 Nov 23
	£	£
Trade creditors	186,239	89,431
Amounts owed to group undertakings and undertakings in which the company has a participating interest	2,251,775	2,871,016
Social security and other taxes	83,171	91,841
Other creditors	62,228	171,715
	------------	------------
	2,583,413	3,224,003
	------------	------------

8. Called up share capital

Issued, called up and fully paid

	31 Dec 24		30 Nov 23
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

Each ordinary share shall confer on the holder one vote at any general meeting of the company. Each share has full rights in the company with respect to voting, dividends and distributions on winding up.

9. Change in reporting period

The financial statements presented are for a period of 13 months, which is longer than the typical 12 month period. This change is due to the alignment of the company's financial year end with that of the new parent company following the acquisition completed in December 2023.

Comparative amounts presented in these financial statements are not entirely comparable to the current period. The prior year figures are based on a different reporting period.

10. Charges on assets

There was a charge of the company trade marks and patent dated August 2017. This was satisified on 15 December 2024.

There was a fixed charge over the company assets from Santander bank during the year dated August 2019. This was satisified on 17 January 2025.

11. Limitation of auditors liability

The company entered into a liability limitation agreement with the auditor on 31 July 2025. The liability of the auditor in respect of any claim or claims made by the company is limited to £4,000,000 inclusive of interest of costs.

12. Summary audit opinion

The auditor's report dated 30 September 2025 was unqualified , however, the auditor drew attention to the following by way of emphasis.

Included in debtors is an amount owed by a connected company totalling £2,813,740. If this was not recoverable, this would have a detrimental impact on the balance sheet, resulting in a negative balance sheet. The company has full support of its ultimate parent company. With this in mind, the Directors believe that the going concern basis of accounting is appropriate.

The senior statutory auditor was Peter Swarbrick BSc FCA , for and on behalf of Crossley & Davis Chartered Accountants .

13. Directors' advances, credits and guarantees

During the period the directors entered into the following advances and credits with the company:

	31 Dec 24
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr R Booth	550,000	( 550,000)	–
	---------	---------	----

	30 Nov 23
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Mr R Booth	550,000	–	550,000
	---------	----	---------

The company provided interest free loans to a director in the period. This was repaid in full during the period.

14. Related party transactions

Included within debtors are amounts owed from related parties amounting to £3,009,761 (2023: £2,813,740). Included within creditors are amounts owed to related parties amounting to £2,251,775 (2023: £2,871,016).

15. Controlling party

At the balance sheet date parent company was Red Seven Technology Group Limited. This company forms part of the consolidated accounts of Dura Software UK, Ltd, a company registered in England and Wales, which can be found at their registered office 66 Lincoln's Inn Fields, London, WC2A 3LH. The ultimate parent company is Dura Software Inc , a company registered in the USA.