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REGISTERED NUMBER: 02860832 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Indexideal Services Limited

Indexideal Services Limited (Registered number: 02860832)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Indexideal Services Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: R E Kilmister
J L Rawlins
J I Rawlins
L C Rawlins-Lamb





SECRETARY: J I Rawlins





REGISTERED OFFICE: 74 Davyhulme Road
Urmston
Manchester
M41 7DN





REGISTERED NUMBER: 02860832 (England and Wales)





ACCOUNTANTS: Summit Accountants Limited
M.01 Tomorrow
MediaCityUK
Salford
Greater Manchester
M50 2AB

Indexideal Services Limited (Registered number: 02860832)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 551,422 560,166

CURRENT ASSETS
Debtors 5 78,412 61,374
Prepayments and accrued income 3,800 3,548
Cash at bank and in hand 97,878 61,840
180,090 126,762
CREDITORS
Amounts falling due within one year 6 44,549 30,179
NET CURRENT ASSETS 135,541 96,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

686,963

656,749

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 290,820 290,820
Retained earnings 396,043 365,829
686,963 656,749

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 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.

Indexideal Services Limited (Registered number: 02860832)

Statement of Financial Position - continued
30 April 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 22 January 2025 and were signed on its behalf by:




J L Rawlins - Director R E Kilmister - Director




L C Rawlins-Lamb - Director J I Rawlins - Director


Indexideal Services Limited (Registered number: 02860832)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Indexideal 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 statement 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. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover is recognised when, and to the extent that, the company obtains the right to consideration. The point of recognition is after the service has been performed, when the risk and rewards associated with the goods/services have been transferred or in accordance with contractual terms. Turnover excludes 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.
Land and buildings - in accordance with the property
Plant and machinery etc - straight line over 3 years and 15% on reducing balance

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.

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.

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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

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

Indexideal Services Limited (Registered number: 02860832)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 874,332 3,847 878,179
DEPRECIATION
At 1 May 2023 314,171 3,842 318,013
Charge for year 8,743 1 8,744
At 30 April 2024 322,914 3,843 326,757
NET BOOK VALUE
At 30 April 2024 551,418 4 551,422
At 30 April 2023 560,161 5 560,166

Cost or valuation at 30 April 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2005 471,780 - 471,780
Cost 402,552 3,847 406,399
874,332 3,847 878,179

If land and buildings had not been revalued they would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 402,552 402,552
Aggregate depreciation 122,089 118,063

Land and buildings were valued on an open market basis on 30 April 2005 by the company's bankers .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors - 599
Other debtors 78,412 60,775
78,412 61,374

Indexideal Services Limited (Registered number: 02860832)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 10,390 599
Taxation and social security 25,749 25,490
Other creditors 8,410 4,090
44,549 30,179

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As of 30 April 2024, the following balances were outstanding between the directors and the company:
- Director 1 owed the company £78,412.
- Director 2 was owed £1,122 from the company.
- Director 3 was owed £312 from the company.
- Director 4 was owed £1,930 from the company.
No formal repayment terms have been agreed.