Registered number
09997621
Indygen Utility Limited
Filleted Accounts
30 September 2022
Indygen Utility Limited
Registered number: 09997621
Balance Sheet
as at 30 September 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 2,984 -
Investments 4 25,000 25,000
27,984 25,000
Current assets
Debtors 5 424,219 378,885
Cash at bank and in hand 75,064 28,927
499,283 407,812
Creditors: amounts falling due within one year 6 (441,366) (361,861)
Net current assets 57,917 45,951
Total assets less current liabilities 85,901 70,951
Creditors: amounts falling due after more than one year 7 (37,500) (47,500)
Net assets 48,401 23,451
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 47,401 22,451
Shareholder's funds 48,401 23,451
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.
D A Ashton
Director
Approved by the board on 30 September 2023
Indygen Utility Limited
Notes to the Accounts
for the year ended 30 September 2022
1 Accounting policies
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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 3,729
At 30 September 2022 3,729
Depreciation
Charge for the year 745
At 30 September 2022 745
Net book value
At 30 September 2022 2,984
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 October 2021 25,000
At 30 September 2022 25,000
5 Debtors 2022 2021
£ £
Trade debtors 81,897 42,217
Other debtors 342,322 336,668
424,219 378,885
6 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 15,797 2,870
Taxation and social security costs 19,778 (14,697)
Other creditors 405,791 373,688
441,366 361,861
7 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 37,500 47,500
8 Other information
Indygen Utility Limited is a private company limited by shares and incorporated in England. Its registered office is:
Alpha House, Terrace Street
Greenacres
Oldham
OL4 1HQ
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