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Registered number: 09439401
Indagate Group Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Annette Ferguson Scotland Ltd
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: 09439401
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 198 263
Investments 5 68,133 68,640
68,331 68,903
CURRENT ASSETS
Debtors 6 918,226 315,968
Cash at bank and in hand 2,214,971 3,552
3,133,197 319,520
Creditors: Amounts Falling Due Within One Year 7 (181,097 ) (264,861 )
NET CURRENT ASSETS (LIABILITIES) 2,952,100 54,659
TOTAL ASSETS LESS CURRENT LIABILITIES 3,020,431 123,562
PROVISIONS FOR LIABILITIES
Deferred Taxation (37 ) (82 )
NET ASSETS 3,020,394 123,480
CAPITAL AND RESERVES
Called up share capital 8 2,236 2,000
Share premium account 258,400 258,400
Profit and Loss Account 2,759,758 (136,920 )
SHAREHOLDERS' FUNDS 3,020,394 123,480
Page 1
Page 2
For the year ending 30 June 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Guy Tolhurst
Director
17/09/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Share Premium Profit and Loss Account Total
£ £ £ £
As at 1 July 2022 2,000 258,400 (129,075 ) 131,325
Loss for the year and total comprehensive income - - (7,845 ) (7,845)
As at 30 June 2023 and 1 July 2023 2,000 258,400 (136,920 ) 123,480
Profit for the year and total comprehensive income - - 2,896,678 2,896,678
As at 30 June 2024 2,236 258,400 2,759,758 3,020,394
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Indagate Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09439401 . The registered office is 25 The Island, Thames Ditton, Surrey, England, KT7 0SH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Presentation currency
The accounts are presented in £ sterling.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% RB
Computer Equipment 25% RB
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 3)
1 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 6,206 9,500 15,706
As at 30 June 2024 6,206 9,500 15,706
Depreciation
As at 1 July 2023 5,943 9,500 15,443
Provided during the period 65 - 65
As at 30 June 2024 6,008 9,500 15,508
Net Book Value
As at 30 June 2024 198 - 198
As at 1 July 2023 263 - 263
Page 4
Page 5
5. Investments
Unlisted
£
Cost
As at 1 July 2023 68,640
Disposals (507 )
As at 30 June 2024 68,133
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 68,133
As at 1 July 2023 68,640
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 300,868 350,983
Prepayments and accrued income 100 573
Other debtors 759 759
Directors' loan accounts 491,029 -
Amounts owed by group undertakings 125,470 (36,347 )
918,226 315,968
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,831 11,345
Other taxes and social security 99,399 138,419
VAT 75,867 103,404
Net wages - 2,192
Directors' loan accounts - 9,501
181,097 264,861
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,236 2,000
Page 5