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REGISTERED NUMBER: 04359018 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

INDIGO SPLASH LTD

INDIGO SPLASH LTD (REGISTERED NUMBER: 04359018)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INDIGO SPLASH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: N J Turnbull





SECRETARY: Ms S Turnbull





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 04359018 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

INDIGO SPLASH LTD (REGISTERED NUMBER: 04359018)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 25,159 18,024

CURRENT ASSETS
Debtors 4 83,675 69,391
Cash at bank and in hand 97,355 206,849
181,030 276,240
CREDITORS
Amounts falling due within one year 5 132,447 192,016
NET CURRENT ASSETS 48,583 84,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,742

102,248

CREDITORS
Amounts falling due after more than one
year

6

(20,376

)

(31,399

)

PROVISIONS FOR LIABILITIES (4,314 ) (2,857 )
NET ASSETS 49,052 67,992

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 49,049 67,989
49,052 67,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 August 2023 and were signed by:





N J Turnbull - Director


INDIGO SPLASH LTD (REGISTERED NUMBER: 04359018)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. 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 represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost

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.

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

INDIGO SPLASH LTD (REGISTERED NUMBER: 04359018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2022 162,851 2,198 12,850 177,899
Additions 19,981 - - 19,981
At 31 January 2023 182,832 2,198 12,850 197,880
DEPRECIATION
At 1 February 2022 144,827 2,198 12,850 159,875
Charge for year 12,846 - - 12,846
At 31 January 2023 157,673 2,198 12,850 172,721
NET BOOK VALUE
At 31 January 2023 25,159 - - 25,159
At 31 January 2022 18,024 - - 18,024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 77,223 66,089
Other debtors 3,977 1,387
Prepayments 2,475 1,915
83,675 69,391

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,383 12,993
Trade creditors 6,547 16,803
Tax 1,691 15,490
Social security and other taxes 2,872 2,586
VAT 10,605 15,044
Other creditors 2,853 2,073
Directors' loan accounts 91,898 125,751
Accrued expenses 1,598 1,276
132,447 192,016

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 14,383 12,993
Bank loans - 2-5 years 5,993 18,406
20,376 31,399

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, N Turnbull decreased his loan to the company. As at 31st January 2023, the company owed him £91,898 (2022: 125,751). This balance represented the maximum amount outstanding during the year and the loan is repayable on demand. Interest has been charged on the balance at 8%.

INDIGO SPLASH LTD (REGISTERED NUMBER: 04359018)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

8. ULTIMATE CONTROLLING PARTY

The controlling party is N J Turnbull.

This was by virtue of his 66% holding of the issued share capital.