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REGISTERED NUMBER: 04705626 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 March 2024

for

Indigo Drinks Limited

Indigo Drinks Limited (Registered number: 04705626)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Indigo Drinks Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J L Dobbs
V Cox





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicestershire
LE19 1WP





REGISTERED NUMBER: 04705626 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Indigo Drinks Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Indigo Drinks Limited for the year ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Indigo Drinks Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Indigo Drinks Limited and state those matters that we have agreed to state to the Board of Directors of Indigo Drinks Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Indigo Drinks Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Indigo Drinks Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Indigo Drinks Limited. You consider that Indigo Drinks Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Indigo Drinks Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


12 November 2024

Indigo Drinks Limited (Registered number: 04705626)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,288 2,575
Tangible assets 5 1,542 2,104
2,830 4,679

CURRENT ASSETS
Stocks 79,970 73,605
Debtors 6 72,313 43,486
Cash at bank 42,982 59,096
195,265 176,187
CREDITORS
Amounts falling due within one year 7 151,376 134,586
NET CURRENT ASSETS 43,889 41,601
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,719

46,280

CREDITORS
Amounts falling due after more than
one year

8

(20,752

)

(30,746

)

PROVISIONS FOR LIABILITIES (293 ) (526 )
NET ASSETS 25,674 15,008

Indigo Drinks Limited (Registered number: 04705626)

Statement of Financial Position - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 25,474 14,808
SHAREHOLDERS' FUNDS 25,674 15,008

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

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

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 Board of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by:





J L Dobbs - Director


Indigo Drinks Limited (Registered number: 04705626)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Indigo Drinks 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 alcohol and other drinks, excluding value added tax.
Turnover is recognised when the goods are delivered.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, at 2015 the remaining goodwill was amortised over its remaining life of 6 years.

Intangible assets
The website is currently under construction and is amortised over five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% straight line basis

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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 statement of financial position date.


Indigo Drinks Limited (Registered number: 04705626)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Government grants
Government grants receivable in relation to the job retention scheme are recognised as income over the periods necessary to match them against the related costs which they are intended to compensate, on a systematic basis. Other Government grants received are recognised at the point of receipt. Government grants are shown separately as other income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Website
Goodwill Development Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 21,325 6,436 27,761
AMORTISATION
At 1 April 2023 21,325 3,861 25,186
Amortisation for year - 1,287 1,287
At 31 March 2024 21,325 5,148 26,473
NET BOOK VALUE
At 31 March 2024 - 1,288 1,288
At 31 March 2023 - 2,575 2,575

Indigo Drinks Limited (Registered number: 04705626)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 15,795 8,021 21,070 16,142 61,028
Additions - - - 1,188 1,188
At 31 March 2024 15,795 8,021 21,070 17,330 62,216
DEPRECIATION
At 1 April 2023 15,657 8,021 21,070 14,176 58,924
Charge for year 70 - - 1,680 1,750
At 31 March 2024 15,727 8,021 21,070 15,856 60,674
NET BOOK VALUE
At 31 March 2024 68 - - 1,474 1,542
At 31 March 2023 138 - - 1,966 2,104

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 72,313 43,367
Other debtors - 119
72,313 43,486

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 9,994 9,747
Trade creditors 92,285 70,504
Taxation and social security 14,213 9,695
Other creditors 34,884 44,640
151,376 134,586

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 20,752 30,746

Indigo Drinks Limited (Registered number: 04705626)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
200 Ordinary £1 200 200