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REGISTERED NUMBER: 03870561 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Indigenous Limited

Indigenous Limited (Registered number: 03870561)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Indigenous Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: Mr J B Thomas





REGISTERED OFFICE: 9 Wheatstone Court
Waterwells Business Park
Davy Way
Gloucester
Gloucestershire
GL2 2AQ





REGISTERED NUMBER: 03870561 (England and Wales)





ACCOUNTANTS: Stanbridge Accountancy Services Limited
9 Wheatstone Court
Waterwells Business Park
Davy Way
Gloucester
Gloucestershire
GL2 2AQ

Indigenous Limited (Registered number: 03870561)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,755 9,035

CURRENT ASSETS
Stocks 687,841 488,069
Debtors 5 380,551 271,794
Cash at bank and in hand 16,826 289,216
1,085,218 1,049,079
CREDITORS
Amounts falling due within one year 6 483,520 486,418
NET CURRENT ASSETS 601,698 562,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

612,453

571,696

CREDITORS
Amounts falling due after more than
one year

7

(263,617

)

(327,051

)

PROVISIONS FOR LIABILITIES (1,707 ) (1,058 )
NET ASSETS 347,129 243,587

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 346,629 243,087
SHAREHOLDERS' FUNDS 347,129 243,587

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Indigenous Limited (Registered number: 03870561)

Balance Sheet - continued
31 December 2021


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 12 September 2022 and were signed by:





Mr J B Thomas - Director


Indigenous Limited (Registered number: 03870561)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Indigenous 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.

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.
Improvements to property - in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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 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.


Indigenous Limited (Registered number: 03870561)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 5 (2020 - 5 ) .

Indigenous Limited (Registered number: 03870561)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2021 60,293 12,633 47,540
Additions - - -
At 31 December 2021 60,293 12,633 47,540
DEPRECIATION
At 1 January 2021 60,293 11,385 45,618
Charge for year - 312 32
At 31 December 2021 60,293 11,697 45,650
NET BOOK VALUE
At 31 December 2021 - 936 1,890
At 31 December 2020 - 1,248 1,922

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2021 12,859 36,053 169,378
Additions - 4,699 4,699
At 31 December 2021 12,859 40,752 174,077
DEPRECIATION
At 1 January 2021 10,490 32,557 160,343
Charge for year 587 2,048 2,979
At 31 December 2021 11,077 34,605 163,322
NET BOOK VALUE
At 31 December 2021 1,782 6,147 10,755
At 31 December 2020 2,369 3,496 9,035

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 25,520 25,372
Other debtors 480 500
Directors' current accounts 354,551 245,922
380,551 271,794

Indigenous Limited (Registered number: 03870561)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 50,934 42,646
Other loans 35,160 35,160
Trade creditors 31,955 28,807
Tax 107,733 62,325
Social security and other taxes 3,752 4,218
VAT 24,446 63,421
Other creditors 223,515 245,966
Accrued expenses 6,025 3,875
483,520 486,418

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans - 2-5 years 161,384 214,960
Other loans - 1-2 years 102,233 112,091
263,617 327,051

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.12.21 31.12.20
£    £   
Mr J B Thomas
Balance outstanding at start of year 245,922 205,776
Amounts advanced 108,629 40,146
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 354,551 245,922

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £91,614 (2020 - £72,500) were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J B Thomas.

The ultimate controlling party is Mr J B Thomas.