Invobus Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC574252 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2021

FOR

INVOBUS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Nicholson

REGISTERED OFFICE:

43a High Street

Kirkcaldy

KY1 1LL

REGISTERED NUMBER:

SC574252 (Scotland)

ACCOUNTANTS:

Haines Watts

Business Advisors and Accountants

Viewforth House

189 Nicol Street

Kirkcaldy

Fife

KY1 1PF

CURRENT ASSETS

Debtors

4

49,071

50,034

Cash at bank and in hand

110

100

49,181

50,134

CREDITORS

Amounts falling due within one year

5

11,235

1,473

NET CURRENT ASSETS

37,946

48,661

TOTAL ASSETS LESS CURRENT LIABILITIES

37,946

48,661

CREDITORS

Amounts falling due after more than one year

6

39,167

49,167

NET LIABILITIES

(1,221

)

(506

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,321

)

(606

)

(1,221

)

(506

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 August 2022 and were signed by:

D Nicholson - Director

1.	STATUTORY INFORMATION

Invobus Limited 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

49,071

50,034

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

10,000

833

Other creditors

1,235

640

11,235

1,473

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

39,167

49,167

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2021 and 31 August 2020:

2021

2020

£

£

D Nicholson

Balance outstanding at start of year

50,034

-

Amounts advanced

735

50,184

Amounts repaid

(51,033

)

(150

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(264

)

50,034

Interest of 2% is charged on overdrawn balances of over £10,000. No fixed terms of repayment have been agreed.