Registered number
08300101
Indelible London Ltd.
Unaudited Filleted Accounts
30 November 2021
Indelible London Ltd.
Registered number: 08300101
Balance Sheet
as at 30 November 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 - 820
Current assets
Debtors 4 8,983 5,918
Cash at bank and in hand 44,852 19,575
53,835 25,493
Creditors: amounts falling due within one year 5 (22,519) (13,658)
Net current assets 31,316 11,835
Net assets 31,316 12,655
Capital and reserves
Called up share capital 100 100
Profit and loss account 31,216 12,555
Shareholder's funds 31,316 12,655
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
W Marshall
Director
Approved by the board on 10 August 2022
Indelible London Ltd.
Notes to the Accounts
for the year ended 30 November 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery 33% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2020 3,553
Additions (410)
At 30 November 2021 3,143
Depreciation
At 1 December 2020 2,733
Charge for the year 410
At 30 November 2021 3,143
Net book value
At 30 November 2021 -
At 30 November 2020 820
4 Debtors 2021 2020
£ £
Trade debtors 8,796 5,670
Other debtors 187 248
8,983 5,918
5 Creditors: amounts falling due within one year 2021 2020
£ £
Taxation and social security costs 19,587 11,976
Other creditors 2,932 1,682
22,519 13,658
6 Other information
Indelible London Ltd. is a private company limited by shares and incorporated in England. Its registered office is:
Meadhouse
Gore Road, Bredgar
Sittingbourne
Kent
ME9 8EP
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