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REGISTERED NUMBER: 03870561 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Indigenous Limited

Indigenous Limited (Registered number: 03870561)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Indigenous Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr J B Thomas





REGISTERED OFFICE: 9 Wheatstone Court
Waterwells Business Park
Davy Way
Gloucester
Gloucestershire
GL2 2AQ





REGISTERED NUMBER: 03870561 (England and Wales)





ACCOUNTANTS: Stanbridge Accountancy Services Limited
9 Wheatstone Court
Waterwells Business Park
Davy Way
Gloucester
Gloucestershire
GL2 2AQ

Indigenous Limited (Registered number: 03870561)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,335 13,397

CURRENT ASSETS
Stocks 401,601 813,086
Debtors 5 287,877 294,165
Cash at bank and in hand 2,344 17,013
691,822 1,124,264
CREDITORS
Amounts falling due within one year 6 466,379 677,299
NET CURRENT ASSETS 225,443 446,965
TOTAL ASSETS LESS CURRENT
LIABILITIES

250,778

460,362

CREDITORS
Amounts falling due after more than
one year

7

(59,115

)

(155,586

)

PROVISIONS FOR LIABILITIES (5,679 ) (2,902 )
NET ASSETS 185,984 301,874

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 185,484 301,374
SHAREHOLDERS' FUNDS 185,984 301,874

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 director acknowledges his 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.

Indigenous Limited (Registered number: 03870561)

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 director and authorised for issue on 24 September 2024 and were signed by:





Mr J B Thomas - Director


Indigenous Limited (Registered number: 03870561)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Indigenous 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Indigenous Limited (Registered number: 03870561)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2022 - 5 ) .

Indigenous Limited (Registered number: 03870561)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 60,293 21,133 47,540
Additions - - -
At 31 December 2023 60,293 21,133 47,540
DEPRECIATION
At 1 January 2023 60,293 14,056 47,171
Charge for year - 2,301 314
At 31 December 2023 60,293 16,357 47,485
NET BOOK VALUE
At 31 December 2023 - 4,776 55
At 31 December 2022 - 7,077 369

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 12,859 40,752 182,577
Additions 18,750 2,657 21,407
At 31 December 2023 31,609 43,409 203,984
DEPRECIATION
At 1 January 2023 11,518 36,142 169,180
Charge for year 5,038 1,816 9,469
At 31 December 2023 16,556 37,958 178,649
NET BOOK VALUE
At 31 December 2023 15,053 5,451 25,335
At 31 December 2022 1,341 4,610 13,397

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 20,997 41,754
Other debtors 206 1,100
Directors' current accounts 266,674 251,311
287,877 294,165

Indigenous Limited (Registered number: 03870561)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 85,019 43,486
Other loans 39,432 39,432
Hire purchase contracts 3,790 -
Trade creditors 26,165 82,941
Tax 73,156 118,240
Social security and other taxes 3,560 3,312
VAT 26,104 24,037
Other creditors 194,196 356,242
Accrued expenses 14,957 9,609
466,379 677,299

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 2-5 years 28,333 97,058
Other loans - 2-5 years 19,096 58,528
Hire purchase contracts 11,686 -
59,115 155,586

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mr J B Thomas
Balance outstanding at start of year 251,311 354,551
Amounts advanced 331,321 -
Amounts repaid (315,959 ) (103,240 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 266,673 251,311

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J B Thomas.

The ultimate controlling party is Mr J B Thomas.