Invicta Ratio London Limited 31/01/2021 iXBRL
Invicta Ratio London Limited 31/01/2021 iXBRL
Company registration number:
07910279
Contents
Statement of financial position
Notes to the financial statements
Statement of financial position
31 January 2021
2021 | 2020 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors | 6 |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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_______ | _______ | ||||||||
Net current liabilities |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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_______ | _______ | ||||||||
Net liabilities |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholder deficit |
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_______ | _______ | ||||||||
Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
14 October 2021
, and are signed on behalf of the board by:
Director
Company registration number:
07910279
Notes to the financial statements
Year ended 31 January 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Laurel Way, Chartham, Canterbury, Kent, CT4 7TJ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2020:
1
).
5.
Tangible assets
Fixtures, fittings and equipment | Total | ||
£ | £ | ||
Cost | |||
At 1 February 2020 and 31 January 2021 |
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_______ | _______ | ||
Depreciation | |||
At 1 February 2020 |
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Charge for the year |
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_______ | _______ | ||
At 31 January 2021 |
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_______ | _______ | ||
Carrying amount | |||
At 31 January 2021 |
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At 31 January 2020 |
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_______ | _______ | ||
6.
Debtors
2021 | 2020 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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_______ | _______ | |||
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_______ | _______ | |||
7.
Creditors: amounts falling due within one year
2021 | 2020 | |||
£ | £ | |||
Other creditors |
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_______ | _______ | |||
8.
Related party transactions
Included within Other Creditors is a loan from the director of £139,726 (2020 £138,750) and £11,064 (2020 £11,064) due to a company also under the control of the director. These balances are interest free and unsecured.