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REGISTERED NUMBER: 13849385 (England and Wales)















INDIES DESIGNS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024






INDIES DESIGNS LTD (REGISTERED NUMBER: 13849385)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INDIES DESIGNS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: L Toney
Z A Toney





REGISTERED OFFICE: 272 Llantarnam Road
Cwmbran
United Kingdom
Torfaen
NP44 3BW





REGISTERED NUMBER: 13849385 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

INDIES DESIGNS LTD (REGISTERED NUMBER: 13849385)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,608 4,668

CURRENT ASSETS
Debtors 5 131,964 55,050
Cash at bank 2,172 8,237
134,136 63,287
CREDITORS
Amounts falling due within one year 6 118,474 56,662
NET CURRENT ASSETS 15,662 6,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,270

11,293

PROVISIONS FOR LIABILITIES 1,066 887
NET ASSETS 20,204 10,406

CAPITAL AND RESERVES
Called up share capital 7 2 1
Retained earnings 20,202 10,405
SHAREHOLDERS' FUNDS 20,204 10,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

INDIES DESIGNS LTD (REGISTERED NUMBER: 13849385)

BALANCE SHEET - continued
31ST JANUARY 2024


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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th September 2024 and were signed on its behalf by:





L Toney - Director


INDIES DESIGNS LTD (REGISTERED NUMBER: 13849385)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Indies Designs Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

INDIES DESIGNS LTD (REGISTERED NUMBER: 13849385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st February 2023 4,870
Additions 2,342
At 31st January 2024 7,212
DEPRECIATION
At 1st February 2023 202
Charge for year 1,402
At 31st January 2024 1,604
NET BOOK VALUE
At 31st January 2024 5,608
At 31st January 2023 4,668

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,325 2,607
Indies Property Company Ltd 126,995 52,385
Other debtors 1,144 58
Prepayments 2,500 -
131,964 55,050

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,008 -
Corporation Tax 16,778 8,219
VAT 1,544 9,311
Directors' current accounts 90,308 34,206
Accrued expenses 8,836 4,926
118,474 56,662

INDIES DESIGNS LTD (REGISTERED NUMBER: 13849385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
NIL Ordinary £1 - 1
1 Ordinary A £1 1 -
1 Ordinary B £1 1 -
2 1

The following shares were issued during the year for cash at par :

1 Ordinary B share of £1

8. RELATED PARTY DISCLOSURES

At 31st January 2024 the company owed £45,155 to the director L Toney (2023: £34,206).

At 31st January 2024 the company owed £45,155 to the director Z Toney (2023: £Nil).