Registered number
14501451
INDIVIDO LTD
Report and Accounts
31 March 2024
INDIVIDO LTD
Report and accounts
Contents
Page
Company information 1
Directors' report 1
Profit and loss account 2
Balance sheet 3
Statement of changes in equity 4
Notes to the accounts 5
INDIVIDO LTD
Company Information
Directors
Marius Gabriel Ciobotaru
Secretary
Oana Ciobotaru
Registered office
14 Days Close
Hatfield
Hertfordshire
AL10 0SD
Registered number
14501451
INDIVIDO LTD
Registered number: 14501451
Directors' Report
The directors present their report and accounts for the period ended 31 March 2024.
Principal activities
The company's principal activity during the year continued to be that of construction of commercial, domestic buildings and painting and decorating
Directors
The following persons served as directors during the period:
Marius Gabriel Ciobotaru
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 11 May 2024 and signed on its behalf.
Marius Gabriel Ciobotaru
Director
INDIVIDO LTD
Profit and Loss Account
for the period from 23 November 2022 to 31 March 2024
2024
£
Turnover 216,414
Cost of sales (80,438)
Gross profit 135,976
Administrative expenses (95,815)
Operating profit 40,161
Profit before taxation 40,161
Tax on profit (7,661)
Profit for the period 32,500
INDIVIDO LTD
Registered number: 14501451
Balance Sheet
as at 31 March 2024
Notes 2024
£
Fixed assets
Tangible assets 3 2,290
Current assets
Debtors 4 25,468
Cash at bank and in hand 18,642
44,110
Creditors: amounts falling due within one year 5 (27,200)
Net current assets 16,910
Net assets 19,200
Capital and reserves
Called up share capital 100
Profit and loss account 19,100
Shareholders' funds 19,200
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Marius Gabriel Ciobotaru
Director
Approved by the board on 11 May 2024
INDIVIDO LTD
Statement of Changes in Equity
for the period from 23 November 2022 to 31 March 2024
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 23 November 2022 - - - - -
Profit for the period 32,500 32,500
Dividends (13,400) (13,400)
Shares issued 100 - 100
At 31 March 2024 100 - - 19,100 19,200
INDIVIDO LTD
Notes to the Accounts
for the period from 23 November 2022 to 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicle over 5 years
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024
Number
Average number of persons employed by the company 3
3 Tangible fixed assets
Motor vehicles
£
Cost
Additions 2,500
At 31 March 2024 2,500
Depreciation
Charge for the period 210
At 31 March 2024 210
Net book value
At 31 March 2024 2,290
4 Debtors 2024
£
Trade debtors 24,840
Other debtors 628
25,468
5 Creditors: amounts falling due within one year 2024
£
Trade creditors 2,191
Taxation and social security costs 11,109
Other creditors 13,900
27,200
6 Other information
INDIVIDO LTD is a private company limited by shares and incorporated in England. Its registered office is:
14 Days Close
Hatfield
Hertfordshire
AL10 0SD
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