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REGISTERED NUMBER: 12785985 (England and Wales)















INDELOY IT SOLUTIONS LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






INDELOY IT SOLUTIONS LIMITED (REGISTERED NUMBER: 12785985)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


INDELOY IT SOLUTIONS LIMITED

Company Information
for the year ended 31 December 2023







Directors: D L Marriott
J D R Sleigh





Registered office: 4th Floor
Llanthony Warehouse
The Docks
Gloucester
Gloucestershire
GL1 2EH





Registered number: 12785985 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Indeloy It Solutions Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Indeloy It Solutions Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Indeloy It Solutions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Indeloy It Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Indeloy It Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Indeloy It Solutions Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Indeloy It Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Indeloy It Solutions Limited. You consider that Indeloy It Solutions 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 financial statements of Indeloy It Solutions 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 financial statements.






Cooper Parry Advisory Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX


2 September 2024

INDELOY IT SOLUTIONS LIMITED (REGISTERED NUMBER: 12785985)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Intangible assets 4 146 293
Tangible assets 5 9,080 13,499
9,226 13,792

Current assets
Stocks - 92,652
Debtors 6 208,795 371,963
Cash at bank 215,741 300,551
424,536 765,166
Creditors
Amounts falling due within one year 7 286,949 511,632
Net current assets 137,587 253,534
Total assets less current liabilities 146,813 267,326

Creditors
Amounts falling due after more than one year 8 (60,000 ) (104,080 )

Provisions for liabilities (2,784 ) (3,325 )
Net assets 84,029 159,921

Capital and reserves
Called up share capital 2,000 2,000
Retained earnings 82,029 157,921
84,029 159,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

INDELOY IT SOLUTIONS LIMITED (REGISTERED NUMBER: 12785985)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





D L Marriott - Director


INDELOY IT SOLUTIONS LIMITED (REGISTERED NUMBER: 12785985)

Notes to the Financial Statements
for the year ended 31 December 2023

1. Statutory information

Indeloy It Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 7 years
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 7 (2022 - 7 ) .

INDELOY IT SOLUTIONS LIMITED (REGISTERED NUMBER: 12785985)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. Intangible fixed assets
Patents
and
licences
£   
Cost
At 1 January 2023
and 31 December 2023 439
Amortisation
At 1 January 2023 146
Amortisation for year 147
At 31 December 2023 293
Net book value
At 31 December 2023 146
At 31 December 2022 293

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 January 2023 2,197 17,995 20,192
Additions - 1,821 1,821
At 31 December 2023 2,197 19,816 22,013
Depreciation
At 1 January 2023 379 6,314 6,693
Charge for year 387 5,853 6,240
At 31 December 2023 766 12,167 12,933
Net book value
At 31 December 2023 1,431 7,649 9,080
At 31 December 2022 1,818 11,681 13,499

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 180,133 373,188
Bad debt provision - (17,773 )
Tax 7,327 -
Accrued income - 3,624
Prepayments 21,335 12,924
208,795 371,963

INDELOY IT SOLUTIONS LIMITED (REGISTERED NUMBER: 12785985)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 133,387 238,996
Tax - 33,068
Social security and other taxes 2,460 5,842
Pension 543 457
VAT 5,131 23,894
Other creditors 85,493 33,233
Directors' current accounts 24,209 114,740
Deferred income 21,990 48,872
Accrued expenses 13,736 12,530
286,949 511,632

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Directors' loan accounts 60,000 104,080