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REGISTERED NUMBER: 05156637 (England and Wales)














Unaudited Financial Statements for the Year Ended 30 June 2023

for

INDYSOFT EUROPE LIMITED

INDYSOFT EUROPE LIMITED (REGISTERED NUMBER: 05156637)






Contents of the Financial Statements
for the year ended 30 JUNE 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


INDYSOFT EUROPE LIMITED

Company Information
for the year ended 30 JUNE 2023







DIRECTORS: J Bishop
P A Fuller





SECRETARY: T Gill





REGISTERED OFFICE: Linford Forum
Rockingham Drive
Linford Wood
Milton Keynes
Buckinghamshire
MK14 6LY





REGISTERED NUMBER: 05156637 (England and Wales)





ACCOUNTANTS: Elsby & Co
Thistledown Barn
Holcot Lane
Sywell
Northampton
Northamptonshire
NN6 0BG

INDYSOFT EUROPE LIMITED (REGISTERED NUMBER: 05156637)

Abridged Balance Sheet
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,626 1,626

CURRENT ASSETS
Debtors 469,744 235,887
Cash at bank 82,028 193,262
551,772 429,149
CREDITORS
Amounts falling due within one year 509,159 369,148
NET CURRENT ASSETS 42,613 60,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,239

61,627

CREDITORS
Amounts falling due after more than one year 20,861 32,832
NET ASSETS 23,378 28,795

CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Retained earnings 22,378 27,795
SHAREHOLDERS' FUNDS 23,378 28,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

INDYSOFT EUROPE LIMITED (REGISTERED NUMBER: 05156637)

Abridged Balance Sheet - continued
30 JUNE 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





J Bishop - Director


INDYSOFT EUROPE LIMITED (REGISTERED NUMBER: 05156637)

Notes to the Financial Statements
for the year ended 30 JUNE 2023

1. STATUTORY INFORMATION

Indysoft Europe 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.
Computer equipment - 20% 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.

3. EMPLOYEES

The average number of employees during the year was 4 (2022 - 4 ) .

INDYSOFT EUROPE LIMITED (REGISTERED NUMBER: 05156637)

Notes to the Financial Statements - continued
for the year ended 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 9,649
Additions 280
At 30 June 2023 9,929
DEPRECIATION
At 1 July 2022 8,023
Charge for year 280
At 30 June 2023 8,303
NET BOOK VALUE
At 30 June 2023 1,626
At 30 June 2022 1,626

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 30th June 2023 a director owed the company £13,723 (2022: £5,829). There are no fixed terms of repayment.

The company charged interest during the year on the overdrawn balance at the official rate of 2.25% per annum amounting to £135.36 (2022: £NIL).