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REGISTERED NUMBER: 03558062 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Indigo Entertainment Limited

Indigo Entertainment Limited (Registered number: 03558062)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Indigo Entertainment Limited

Company Information
for the Year Ended 31 December 2022







DIRECTORS: Mr D Lawley
Mrs E Lawley





REGISTERED OFFICE: Number Sixty One
Alexandra Road
Lowestoft
Suffolk
NR32 1PL





REGISTERED NUMBER: 03558062 (England and Wales)





ACCOUNTANTS: CUNNINGHAMS
Number Sixty One
Alexandra Road
Lowestoft
Suffolk
NR32 1PL

Indigo Entertainment Limited (Registered number: 03558062)

Abridged Balance Sheet
31 December 2022

31.12.22 31.12.21
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 111,199 135,555
Tangible assets 5 3,593 3,950
114,792 139,505

CURRENT ASSETS
Debtors 1,376,298 1,346,925
Cash at bank 62,447 104,980
1,438,745 1,451,905
CREDITORS
Amounts falling due within one year 1,473,727 1,338,523
NET CURRENT (LIABILITIES)/ASSETS (34,982 ) 113,382
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,810

252,887

CREDITORS
Amounts falling due after more than one
year

(27,500

)

(37,500

)

PROVISIONS FOR LIABILITIES - (16,330 )
NET ASSETS 52,310 199,057

CAPITAL AND RESERVES
Called up share capital 53,750 53,750
Share premium 75,000 75,000
Capital redemption reserve 21,250 21,250
Retained earnings (97,690 ) 49,057
52,310 199,057

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

Indigo Entertainment Limited (Registered number: 03558062)

Abridged Balance Sheet - continued
31 December 2022


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 Income Statement and an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:




Mr D Lawley - Director



Mrs E Lawley - Director


Indigo Entertainment Limited (Registered number: 03558062)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Indigo Entertainment 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Film catalogues are being amortised evenly over their estimated useful life of ten years.

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 - 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.

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 3 (2021 - 2 ) .

Indigo Entertainment Limited (Registered number: 03558062)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022
and 31 December 2022 243,555
AMORTISATION
At 1 January 2022 108,000
Amortisation for year 24,356
At 31 December 2022 132,356
NET BOOK VALUE

At 31 December 2022 111,199
At 31 December 2021 135,555

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2022 69,972
Additions 1,667
At 31 December 2022 71,639
DEPRECIATION
At 1 January 2022 66,022
Charge for year 2,024
At 31 December 2022 68,046
NET BOOK VALUE
At 31 December 2022 3,593
At 31 December 2021 3,950

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.22 31.12.21
as restated
£    £   
Within one year 2,347 4,165
Between one and five years - 2,347
2,347 6,512

Indigo Entertainment Limited (Registered number: 03558062)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.22 31.12.21
as restated
£    £   
Bank overdrafts 49,715 120
Bank loans 37,500 50,890
87,215 51,010

Bank loans and overdrafts are secured by way of a fixed charge over the intellectual property rights of the company together with a fixed and floating charge over the other assets of the company.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2022 and 31 December 2021:

31.12.22 31.12.21
as restated
£    £   
Mr D Lawley and Mrs E Lawley
Balance outstanding at start of year 117,748 -
Amounts advanced - 201,028
Amounts repaid (117,748 ) (83,280 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 117,748

Interest of £910 (2021 - £1,308) was charged on amounts advanced to the directors during the year.