Company Registration No. 11003736 (England and Wales)
INNDEX LIMITED
Unaudited accounts
for the year ended 31 October 2023
INNDEX LIMITED
Unaudited accounts
Contents
INNDEX LIMITED
Company Information
for the year ended 31 October 2023
Directors
Aaron Vousden
George Smithies
Company Number
11003736 (England and Wales)
Registered Office
HAFOD WEN
LLANDDONA
BEAUMARIS
LL58 8UU
UNITED KINGDOM
Accountants
Vicente Kewley Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of INNDEX LIMITED for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
INNDEX LIMITED for the year ended
31 October 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of INNDEX LIMITED, as a body, in accordance with the terms of our engagement letter dated 11 November 2019. Our work has been undertaken solely to prepare for your approval the accounts of INNDEX LIMITED and state those matters that we have agreed to state to the Board of Directors of INNDEX LIMITED, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than INNDEX LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that INNDEX LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of INNDEX LIMITED. You consider that INNDEX LIMITED 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 accounts of INNDEX LIMITED. 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 accounts.
Vicente Kewley Accountancy Limited
Chartered Accountants
71-75 Shelton Street
London
WC2H 9JQ
23 May 2024
INNDEX LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
646,525
488,513
Cash at bank and in hand
601,170
19,906
Creditors: amounts falling due within one year
(245,701)
(124,448)
Net current assets
1,031,982
235,464
Total assets less current liabilities
1,678,507
723,977
Creditors: amounts falling due after more than one year
(86,686)
(120,530)
Net assets
1,591,821
603,447
Called up share capital
500,101
101
Profit and loss account
1,091,720
603,346
Shareholders' funds
1,591,821
603,447
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 23 May 2024 and were signed on its behalf by
George Smithies
Director
Company Registration No. 11003736
INNDEX LIMITED
Notes to the Accounts
for the year ended 31 October 2023
INNDEX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11003736. The registered office is HAFOD WEN, LLANDDONA, BEAUMARIS, LL58 8UU, UNITED KINGDOM.
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.
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:
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
382,391
273,249
655,640
Additions
203,898
208,442
412,340
At 31 October 2023
586,289
481,691
1,067,980
At 1 November 2022
14,229
152,898
167,127
Charge for the year
122,229
132,099
254,328
At 31 October 2023
136,458
284,997
421,455
At 31 October 2023
449,831
196,694
646,525
At 31 October 2022
368,162
120,351
488,513
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
-
155,361
INNDEX LIMITED
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
676,513
298,966
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
23,474
34,267
Trade creditors
143,697
57,617
Taxes and social security
187,680
15,182
Other creditors
15,160
(4,754)
Loans from directors
(202,668)
-
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
86,686
120,530
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).