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Company Registration No. 05419866 (England and Wales)
Indigo Financial Advice Ltd Unaudited accounts for the year ended 31 July 2023
Indigo Financial Advice Ltd Unaudited accounts Contents
Page
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Indigo Financial Advice Ltd Company Information for the year ended 31 July 2023
Director
DL Turner
Company Number
05419866 (England and Wales)
Registered Office
38 Albert Road Colne Lancashire BB8 0AD
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
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Indigo Financial Advice Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
34,062 
- 
Tangible assets
30,322 
37,953 
64,384 
37,953 
Current assets
Investments
62,197 
60,794 
Cash at bank and in hand
391,894 
424,671 
454,091 
485,465 
Creditors: amounts falling due within one year
12,325 
(57,644)
Net current assets
466,416 
427,821 
Total assets less current liabilities
530,800 
465,774 
Provisions for liabilities
Deferred tax
(7,600)
(7,200)
Net assets
523,200 
458,574 
Capital and reserves
Called up share capital
100 
100 
Capital redemption reserve
100 
100 
Profit and loss account
523,000 
458,374 
Shareholders' funds
523,200 
458,574 
For the year ending 31 July 2023 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 3 April 2024 and were signed on its behalf by
DL Turner Director Company Registration No. 05419866
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Indigo Financial Advice Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Indigo Financial Advice Ltd is a private company, limited by shares, registered in England and Wales, registration number 05419866. The registered office is 38 Albert Road, Colne, Lancashire, BB8 0AD.
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.
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 fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Land & buildings
10 years
Fixtures & fittings
at varying rates on cost
Computer equipment
3 years
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2022
20,000 
Additions
35,185 
At 31 July 2023
55,185 
Amortisation
At 1 August 2022
20,000 
Charge for the year
1,123 
At 31 July 2023
21,123 
Net book value
At 31 July 2023
34,062 
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Indigo Financial Advice Ltd Notes to the Accounts for the year ended 31 July 2023
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2022
25,238 
29,545 
23,088 
11,083 
88,954 
Additions
- 
- 
158 
1,059 
1,217 
At 31 July 2023
25,238 
29,545 
23,246 
12,142 
90,171 
Depreciation
At 1 August 2022
15,907 
5,783 
19,505 
9,806 
51,001 
Charge for the year
1,229 
5,940 
815 
864 
8,848 
At 31 July 2023
17,136 
11,723 
20,320 
10,670 
59,849 
Net book value
At 31 July 2023
8,102 
17,822 
2,926 
1,472 
30,322 
At 31 July 2022
9,331 
23,762 
3,583 
1,277 
37,953 
6
Investments held as current assets
2023 
2022 
£ 
£ 
Unlisted investments
62,197 
60,794 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
46,610 
57,484 
Loans from directors
(58,935)
160 
(12,325)
57,644 
8
Loans to directors
During the year, the company made interest free advances to a director amounting to £58,935. These are repayable on demand.
9
Average number of employees
During the year the average number of employees was 6 (2022: 6).
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