Invogue Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06622426 (England and Wales)

Financial Statements for the Year Ended 30 June 2022

for

Invogue Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M R Taylor

SECRETARY:

Mrs A S Taylor

REGISTERED OFFICE:

8 Queens Square

Ascot Business Park

Lyndhurst Road

Ascot

Berkshire

SL5 9FE

REGISTERED NUMBER:

06622426 (England and Wales)

ACCOUNTANTS:

CSL Partnership Limited

Chartered Certified Accountants

238 Station Road

Addlestone

Surrey

KT15 2PS

FIXED ASSETS

Tangible assets

4

640,324

635,356

Investments

5

125,625

125,625

765,949

760,981

CURRENT ASSETS

Stocks

1,816,085

834,853

Debtors

6

1,445,950

1,694,200

Cash at bank

1,706,834

974,847

4,968,869

3,503,900

CREDITORS

Amounts falling due within one year

7

(1,429,447

)

(1,606,857

)

NET CURRENT ASSETS

3,539,422

1,897,043

TOTAL ASSETS LESS CURRENT LIABILITIES

4,305,371

2,658,024

CREDITORS

Amounts falling due after more than one year

8

(406,238

)

(386,378

)

PROVISIONS FOR LIABILITIES

(8,475

)

(4,654

)

NET ASSETS

3,890,658

2,266,992

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

3,890,657

2,266,991

SHAREHOLDERS' FUNDS

3,890,658

2,266,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 March 2023 and were signed by:

M R Taylor - Director

1.	STATUTORY INFORMATION

Invogue Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue

Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

Tangible fixed assets

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Freehold buildings - 2% straight-line

Office equipment - 25% on reducing balance

Fixtures and fittings - 25% on reducing balance

Computer equipment - 33% on reducing balance

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the income statement.

Investments in associates

Investments in associate undertakings are recognised at cost.

Inventories

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

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2021 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Office

and

Computer

property

equipment

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 July 2021

621,963

7,447

44,513

17,300

691,223

Additions

-

15,238

-

4,731

19,969

At 30 June 2022

621,963

22,685

44,513

22,031

711,192

DEPRECIATION

At 1 July 2021

11,098

4,270

27,590

12,909

55,867

Charge for year

4,440

3,968

4,231

2,362

15,001

At 30 June 2022

15,538

8,238

31,821

15,271

70,868

NET BOOK VALUE

At 30 June 2022

606,425

14,447

12,692

6,760

640,324

At 30 June 2021

610,865

3,177

16,923

4,391

635,356

Included in cost of land and buildings is freehold land of £ 400,000 (2021 - £ 400,000 ) which is not depreciated.

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 July 2021

and 30 June 2022

125,625

NET BOOK VALUE

At 30 June 2022

125,625

At 30 June 2021

125,625

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Trade debtors

1,321,431

1,659,428

Other debtors

9,930

2,151

VAT

87,972

7,198

Prepayments

26,617

25,423

1,445,950

1,694,200

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.22

30.6.21

£

£

Bank loans and overdrafts

25,275

19,829

Trade creditors

622,550

1,137,949

Amounts owed to participating interests

287,662

110,542

Tax

329,416

235,669

Social security and other taxes

5,804

3,245

Other creditors

43,462

8,801

Directors' current accounts

9,338

529

Accrued expenses

105,940

90,293

1,429,447

1,606,857

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.22

30.6.21

£

£

Bank loans - 1-2 years

26,139

20,575

Bank loans - 2-5 years

75,905

66,450

Bank loans more than 5 years

304,194

299,353

406,238

386,378

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

304,194

299,353