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REGISTERED NUMBER: SC599611 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

INDIE VISUAL MEDIA LTD.

INDIE VISUAL MEDIA LTD. (REGISTERED NUMBER: SC599611)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

INDIE VISUAL MEDIA LTD.

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTOR: R Ritchie





REGISTERED OFFICE: 2 Stoneyhill Terrace
Cove Bay
Aberdeen
AB12 3NE





REGISTERED NUMBER: SC599611 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

INDIE VISUAL MEDIA LTD. (REGISTERED NUMBER: SC599611)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,039 103

CURRENT ASSETS
Debtors 6 - 21,133
Cash at bank 19,208 35,646
19,208 56,779
CREDITORS
Amounts falling due within one year 7 13,409 24,907
NET CURRENT ASSETS 5,799 31,872
TOTAL ASSETS LESS CURRENT LIABILITIES 8,838 31,975

CREDITORS
Amounts falling due after more than one year 8 7,774 11,370
NET ASSETS 1,064 20,605

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 1,063 20,604
SHAREHOLDERS' FUNDS 1,064 20,605

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 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 29 March 2024 and were signed by:





R Ritchie - Director


INDIE VISUAL MEDIA LTD. (REGISTERED NUMBER: SC599611)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Indie Visual Media Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 - 33% on reducing balance

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2022 422
Additions 4,028
At 30 June 2023 4,450
DEPRECIATION
At 1 July 2022 319
Charge for year 1,092
At 30 June 2023 1,411
NET BOOK VALUE
At 30 June 2023 3,039
At 30 June 2022 103

INDIE VISUAL MEDIA LTD. (REGISTERED NUMBER: SC599611)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 21,133

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,590 3,502
Trade creditors 29 -
Tax 1,765 13,231
Directors' loan accounts 6,426 6,606
Accrued expenses 1,599 1,568
13,409 24,907

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 3,681 3,590
Bank loans - 2-5 years 4,093 7,780
7,774 11,370

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 0.01 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
R Ritchie
Balance outstanding at start of year (6,606 ) (6,606 )
Amounts advanced 1,340 -
Amounts repaid (1,160 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,426 ) (6,606 )

These amounts bear no interest and have no fixed repayment terms.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
INDIE VISUAL MEDIA LTD. (REGISTERED NUMBER: SC599611)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Indie Visual Media Ltd. for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Indie Visual Media Ltd. in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Indie Visual Media Ltd. and state those matters that we have agreed to state to the director of Indie Visual Media Ltd. in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Indie Visual Media Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Indie Visual Media Ltd.. You consider that Indie Visual Media Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Indie Visual Media Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


29 March 2024