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Company Registration No. 07013692 (England and Wales)
Indigo Blue European Limited Unaudited accounts for the year ended 30 November 2023
Indigo Blue European Limited Unaudited accounts Contents
Page
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Indigo Blue European Limited Company Information for the year ended 30 November 2023
Directors
A F Walker L F Walker J A Walker
Company Number
07013692 (England and Wales)
Registered Office
The Wagon Yard Blackmoor Liss Hampshire GU33 6BP
Accountants
M A Accountancy Group Wolfe Mead Farnham Road Bordon Hampshire GU35 0NH
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Indigo Blue European Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
170,492 
202,874 
Current assets
Debtors
156,766 
151,012 
Cash at bank and in hand
8,758 
7,249 
165,524 
158,261 
Creditors: amounts falling due within one year
(497,738)
(520,407)
Net current liabilities
(332,214)
(362,146)
Total assets less current liabilities
(161,722)
(159,272)
Creditors: amounts falling due after more than one year
(110,057)
(105,121)
Net liabilities
(271,779)
(264,393)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(271,879)
(264,493)
Shareholders' funds
(271,779)
(264,393)
For the year ending 30 November 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 19 August 2024 and were signed on its behalf by
J A Walker Director Company Registration No. 07013692
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Indigo Blue European Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Indigo Blue European Limited is a private company, limited by shares, registered in England and Wales, registration number 07013692. The registered office is The Wagon Yard, Blackmoor, Liss, Hampshire, GU33 6BP.
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.
Presentation currency
The accounts are presented in £ sterling.
Going concern
As shown in the financial statements, the company has total liabilities exceeding its assets by £271,778. The company meets its day to day working capital requirements through the support of the directors' loan accounts. The directors have confirmed that their support will continue for the foreseeable future. For this reason the company has decided to prepare the accounts using the going concern basis.
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
16.67% straight line
Plant & machinery
25% straight line
Motor vehicles
20% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Indigo Blue European Limited Notes to the Accounts for the year ended 30 November 2023
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 December 2022
33,132 
27,530 
302,218 
67,867 
15,757 
446,504 
Additions
- 
- 
49,500 
1,458 
- 
50,958 
Disposals
- 
- 
(69,500)
- 
- 
(69,500)
At 30 November 2023
33,132 
27,530 
282,218 
69,325 
15,757 
427,962 
Depreciation
At 1 December 2022
31,103 
27,530 
111,017 
67,858 
6,122 
243,630 
Charge for the year
338 
- 
45,356 
266 
2,947 
48,907 
On disposals
- 
- 
(35,067)
- 
- 
(35,067)
At 30 November 2023
31,441 
27,530 
121,306 
68,124 
9,069 
257,470 
Net book value
At 30 November 2023
1,691 
- 
160,912 
1,201 
6,688 
170,492 
At 30 November 2022
2,029 
- 
191,201 
9 
9,635 
202,874 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
130,285 
149,510 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
130,873 
121,540 
Accrued income and prepayments
20,893 
5,982 
Other debtors
5,000 
23,490 
156,766 
151,012 
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Indigo Blue European Limited Notes to the Accounts for the year ended 30 November 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,127 
10,127 
Obligations under finance leases and hire purchase contracts
39,715 
54,315 
Trade creditors
33,439 
30,652 
Taxes and social security
38,978 
26,369 
Other creditors
37,923 
39,235 
Loans from directors
327,836 
358,909 
Accruals
900 
800 
Deferred income
8,820 
- 
497,738 
520,407 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,249 
30,376 
Obligations under finance leases and hire purchase contracts
89,808 
74,745 
110,057 
105,121 
8
Average number of employees
During the year the average number of employees was 6 (2022: 4).
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