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
Indigo Financial Advice Ltd
Company Information
for the year ended 31 July 2023
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
Indigo Financial Advice Ltd
Statement of financial position
as at 31 July 2023
Intangible assets
34,062
-
Tangible assets
30,322
37,953
Cash at bank and in hand
391,894
424,671
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
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
Indigo Financial Advice Ltd
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (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:
Fixtures & fittings
at varying rates on cost
Computer equipment
3 years
4
Intangible fixed assets
Goodwill
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
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
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
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).