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REGISTERED NUMBER: 03363388 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

INDEX FINANCIAL SERVICES LIMITED

INDEX FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 03363388)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INDEX FINANCIAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 April 2024







DIRECTOR: E Kontis





SECRETARY: Ms S R McEleavey





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 03363388 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

INDEX FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 03363388)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,020 9,315

CURRENT ASSETS
Stocks 128,575 110,589
Debtors 5 389,103 61,027
Cash at bank 93,206 411,588
610,884 583,204
CREDITORS
Amounts falling due within one year 6 60,978 69,523
NET CURRENT ASSETS 549,906 513,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

561,926

522,996

CAPITAL AND RESERVES
Called up share capital 21,100 21,100
Retained earnings 540,826 501,896
SHAREHOLDERS' FUNDS 561,926 522,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

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 7 June 2024 and were signed by:





E Kontis - Director


INDEX FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 03363388)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 April 2024

1. STATUTORY INFORMATION

Index Financial Services 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 represents net invoiced sales of services, excluding value added tax.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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 (2023 - 5 ) .

INDEX FINANCIAL SERVICES LIMITED (REGISTERED NUMBER: 03363388)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 14,827 11,500 94,766 121,093
Additions 1,508 - 5,205 6,713
At 30 April 2024 16,335 11,500 99,971 127,806
DEPRECIATION
At 1 May 2023 13,092 7,861 90,825 111,778
Charge for year 811 910 2,287 4,008
At 30 April 2024 13,903 8,771 93,112 115,786
NET BOOK VALUE
At 30 April 2024 2,432 2,729 6,859 12,020
At 30 April 2023 1,735 3,639 3,941 9,315

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 10,037 13,971
Other debtors 379,066 47,056
389,103 61,027

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 28,332 25,640
Other creditors 32,646 43,883
60,978 69,523