Inverfab Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC223907 (Scotland)

Unaudited Financial Statements for the Year Ended 31st October 2025

for

Inverfab Ltd.

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

Directors:

G C Blackhurst

J R Blackhurst

M Blackhurst

Secretary:

G C Blackhurst

Registered office:

4th Floor Metropolitan House

31-33 High Street

Inverness

Inverness-shire

IV1 1HT

Registered number:

SC223907 (Scotland)

Accountants:

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

Inverness-shire

IV1 1HT

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Inverfab Ltd. for the year ended 31st October 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the Board of Directors of Inverfab Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Inverfab Ltd. and state those matters that we have agreed to state to the Board of Directors of Inverfab Ltd., as a body, in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Inverfab Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Inverfab Ltd.. You consider that Inverfab Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Inverfab Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

Inverness-shire

IV1 1HT

20th May 2026

Fixed assets

Tangible assets

4

114,864

87,121

Current assets

Stocks

6,690

17,761

Debtors

5

403,377

427,855

Cash at bank

149,284

136,104

559,351

581,720

Creditors

Amounts falling due within one year

6

77,792

114,800

Net current assets

481,559

466,920

Total assets less current liabilities

596,423

554,041

Creditors

Amounts falling due after more than one year

7

(30,988

)

(9,747

)

Provisions for liabilities

(6,834

)

(7,198

)

Net assets

558,601

537,096

Capital and reserves

Called up share capital

100

Retained earnings

558,501

536,996

558,601

537,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2025 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th May 2026 and were signed on its behalf by:

J R Blackhurst - Director

1.	Statutory information

Inverfab Ltd. is a private company, limited by shares , registered in Scotland. 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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Fair value

Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3.	Employees and directors

The average number of employees during the year was 7 (2024 - 7 ) .

4.	Tangible fixed assets

Plant and

Motor

machinery

vehicles

Totals

£

Cost

At 1st November 2024

112,490

167,831

280,321

Additions

2,271

84,364

86,635

Disposals

(52,573

)

(54,505

)

(107,078

)

At 31st October 2025

62,188

197,690

259,878

Depreciation

At 1st November 2024

98,003

95,197

193,200

Charge for year

2,222

34,090

36,312

Eliminated on disposal

(50,629

)

(33,869

)

(84,498

)

At 31st October 2025

49,596

95,418

145,014

Net book value

At 31st October 2025

12,592

102,272

114,864

At 31st October 2024

14,487

72,634

87,121

5.

Debtors: amounts falling due within one year

2025

2024

£

Trade debtors

33,449

40,233

Other debtors

369,928

387,622

403,377

427,855

6.

Creditors: amounts falling due within one year

2025

2024

£

Hire purchase contracts

16,270

11,973

Trade creditors

17,318

60,147

Taxation and social security

34,994

35,825

Other creditors

9,210

6,855

77,792

114,800

7.

Creditors: amounts falling due after more than one year

2025

2024

£

Hire purchase contracts

30,988

9,747

8.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

Hire purchase contracts

47,258

21,720

Included in the above are secured creditors as follows:

Hire purchase creditor of £21,720 (2023: £30,341) secured by the asset financed.

9.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31st October 2025 and 31st October 2024:

2025

2024

£

J R Blackhurst and G C Blackhurst

Balance outstanding at start of year

320,318

274,774

Amounts advanced

66,188

125,544

Amounts repaid

(85,635

)

(80,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

300,871

320,318

Interest is charged on the overdrawn loans at the HMRC approved rate of 2.25%.