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Company Registration No. 07442151 (England and Wales)
INDISPENSABLE LIMITED Unaudited accounts for the year ended 31 December 2021
INDISPENSABLE LIMITED Unaudited accounts Contents
Page
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INDISPENSABLE LIMITED Company Information for the year ended 31 December 2021
Director
C V Marletta
Company Number
07442151 (England and Wales)
Registered Office
23 ROYAL VIEW VICTORIA BRIDGE ROAD BATH BA2 3GG ENGLAND
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INDISPENSABLE LIMITED Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Investments
- 
100 
Current assets
Debtors
51,835 
72,115 
Cash at bank and in hand
3,479 
981 
55,314 
73,096 
Creditors: amounts falling due within one year
(19,073)
(55,170)
Net current assets
36,241 
17,926 
Total assets less current liabilities
36,241 
18,026 
Creditors: amounts falling due after more than one year
(4,111)
(6,975)
Net assets
32,130 
11,051 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
32,120 
11,041 
Shareholders' funds
32,130 
11,051 
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 September 2023 and were signed on its behalf by
C V Marletta Director Company Registration No. 07442151
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INDISPENSABLE LIMITED Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
INDISPENSABLE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07442151. The registered office is 23 ROYAL VIEW VICTORIA BRIDGE ROAD, BATH, BA2 3GG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Computer equipment
33% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investments
Investments in shares are included at fair value.
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INDISPENSABLE LIMITED Notes to the Accounts for the year ended 31 December 2021
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2021
7,344 
At 31 December 2021
7,344 
Depreciation
At 1 January 2021
7,344 
At 31 December 2021
7,344 
Net book value
At 31 December 2021
- 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2021
100 
Disposals
(100)
Valuation at 31 December 2021
- 
6
Debtors
2021 
2020 
£ 
£ 
Amounts falling due within one year
Other debtors
51,835 
72,115 
7
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
3,720 
775 
VAT
924 
309 
Trade creditors
- 
4,898 
Amounts owed to group undertakings and other participating interests
- 
31,281 
Taxes and social security
12,879 
11,357 
Accruals
1,550 
5,350 
Deferred income
- 
1,200 
19,073 
55,170 
8
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
4,111 
6,975 
9
Loans to directors
During the year beneficial loan interest of £300 (2019 - £312) was due at a rate of 2.5% on the balance of £13,366 (2019 - £12,867) on an advance made to C V Marletta.
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INDISPENSABLE LIMITED Notes to the Accounts for the year ended 31 December 2021
10
Transactions with related parties
At 31 December 2020 the Company owed Indispensable Travel Ltd a wholly owned subsiduary £31,281 (2019 - £31,281.) Further it had advanced £58,749 (2019 - £44,569) to Indispensable Training Ltd a Company controlled by C V Marletta the sole director and shareholder.
11
Average number of employees
During the year the average number of employees was 1 (2020: 1).
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