2023-03-01 NI685747 2024-02-29 NI685747 2023-03-01 2024-02-29 NI685747 2023-02-28 NI685747 2022-03-01 2023-02-28 NI685747 uk-core:WithinOneYear 2023-02-28 NI685747 uk-core:WithinOneYear 2024-02-29 NI685747 uk-core:ShareCapital 2024-02-29 NI685747 uk-core:ShareCapital 2023-02-28 NI685747 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 NI685747 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 NI685747 uk-bus:Director1 2023-03-01 2024-02-29 NI685747 uk-core:PlantMachinery 2023-03-01 2024-02-29 NI685747 uk-core:FurnitureFittings 2023-03-01 2024-02-29 NI685747 uk-core:FurnitureFittings 2023-02-28 NI685747 uk-core:PlantMachinery 2023-02-28 NI685747 uk-core:PlantMachinery 2024-02-29 NI685747 uk-core:FurnitureFittings 2024-02-29 iso4217:GBP xbrli:pure NI685747 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 NI685747 uk-bus:FRS102 2023-03-01 2024-02-29 NI685747 uk-bus:FilletedAccounts 2023-03-01 2024-02-29 NI685747 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29
Indie and Willow Limited
Registered Number:NI685747
For the year ended 29 February 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 29 February 2024
Indie and Willow Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
NI685747
As at 29 February 2024
Indie and Willow Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
2,968
1,903
2
2,968
1,903
Current assets
Inventories
1,200
7,162
3
Trade and other receivables
3,203
2,630
4
7,399
Cash and cash equivalents
19,669
29,461
11,802
Trade and other payables: amounts falling due within one
year
(10,140)
(19,106)
5
1,662
10,355
Net current assets
Total assets less current liabilities
13,323
3,565
(564)
(476)
Provisions for liabilities
12,759
Net assets
3,089
Capital and reserves
Called up share capital
1
1
Retained earnings
12,758
3,088
12,759
3,089
Shareholders' funds
For the year ended 29 February 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 of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs Ceira Eakin Director
These financial statements were approved and authorised for issue by the Board on 13 November 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 29 February 2024
Indie and Willow Limited
Notes to the Financial Statements
Statutory Information
Indie and Willow Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI685747.
Registered address:
Unit 2 Carn Business Park
Portadown
Armagh
BT63 5WG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20 Reducing balance
20 Reducing balance
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Property, plant and equipment
Total
Furniture and
Fittings
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 March 2023
2,380
1,622
758
1,806
180
1,626
Additions
At 29 February 2024
2,384
1,802
4,186
Provision for depreciation and impairment
At 01 March 2023
477
325
152
Charge for year
741
295
446
At 29 February 2024
1,218
620
598
At 29 February 2024
Net book value
1,786
1,182
2,968
At 28 February 2023
606
1,297
1,903
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5
For the year ended 29 February 2024
Indie and Willow Limited
Notes to the Financial Statements Continued
3. Inventories
2023
2024
£
£
Stocks
7,162
1,200
4. Trade and other receivables
2023
2024
£
£
Trade debtors
2,630
3,203
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
4,717
2,136
Taxation and social security
2,989
715
Other creditors
11,400
7,289
19,106
10,140
6. Average number of persons employed
During the year the average number of employees was 2 (2023 : 1)
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