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REGISTERED NUMBER: 05476247 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Indigo41 Ltd.

Indigo41 Ltd. (Registered number: 05476247)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Indigo41 Ltd.

Company Information
for the Year Ended 31 March 2024







DIRECTORS: I E Willis
Miss M T Jones





REGISTERED OFFICE: 371 Church Road
Frampton Cotterell
Bristol
BS36 2AQ





REGISTERED NUMBER: 05476247 (England and Wales)





ACCOUNTANTS: Boardman Conway
23A High Street
Weaverham
Northwich
Cheshire
CW8 3HA

Indigo41 Ltd. (Registered number: 05476247)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,672 22,054

CURRENT ASSETS
Debtors 5 293 2,649
Cash at bank 1,001 29,115
1,294 31,764
CREDITORS
Amounts falling due within one year 6 13,312 43,202
NET CURRENT LIABILITIES (12,018 ) (11,438 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,654

10,616

PROVISIONS FOR LIABILITIES 1,577 2,404
NET ASSETS 77 8,212

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 69 8,204
SHAREHOLDERS' FUNDS 77 8,212

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.

Indigo41 Ltd. (Registered number: 05476247)

Balance Sheet - continued
31 March 2024


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 25 November 2024 and were signed on its behalf by:





I E Willis - Director


Indigo41 Ltd. (Registered number: 05476247)

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

1. STATUTORY INFORMATION

Indigo41 Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income is recognised in the month that the service is carried out.

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 - 25% straight line

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment losses, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the assets belongs.

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.

Indigo41 Ltd. (Registered number: 05476247)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023 34,704
Disposals (1,553 )
At 31 March 2024 33,151
DEPRECIATION
At 1 April 2023 12,650
Charge for year 8,382
Eliminated on disposal (1,553 )
At 31 March 2024 19,479
NET BOOK VALUE
At 31 March 2024 13,672
At 31 March 2023 22,054

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Directors' current accounts - 2,649
VAT 293 -
293 2,649

Indigo41 Ltd. (Registered number: 05476247)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax (88 ) 19,340
Social security and other taxes 66 70
VAT - 3,709
Directors' current accounts 2,733 -
Accrued expenses 10,601 20,083
13,312 43,202

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
I E Willis and Miss M T Jones
Balance outstanding at start of year 2,649 (39,468 )
Amounts advanced - 105,659
Amounts repaid (5,382 ) (63,542 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,733 ) 2,649