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Company No: 10745280 (England and Wales)

INDIE GLOBAL LTD

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

INDIE GLOBAL LTD

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

INDIE GLOBAL LTD

COMPANY INFORMATION

For the financial year ended 30 April 2024
INDIE GLOBAL LTD

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2024
DIRECTOR Paolo Torchetti
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 10745280 (England and Wales)
INDIE GLOBAL LTD

BALANCE SHEET

As at 30 April 2024
INDIE GLOBAL LTD

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 2,301 1,459
2,301 1,459
Current assets
Debtors 4 2,828 16,492
Cash at bank and in hand 713,390 853,373
716,218 869,865
Creditors: amounts falling due within one year 5 ( 15,727) ( 84)
Net current assets 700,491 869,781
Total assets less current liabilities 702,792 871,240
Net assets 702,792 871,240
Capital and reserves
Called-up share capital 10 10
Profit and loss account 702,782 871,230
Total shareholders' funds 702,792 871,240

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Indie Global Ltd (registered number: 10745280) were approved and authorised for issue by the Director on 31 January 2025. They were signed on its behalf by:

Paolo Torchetti
Director
INDIE GLOBAL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
INDIE GLOBAL LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
22 Chancery Lane
London
WC2A 1LS


**Summary of significant accounting policies and key accounting estimates**

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.


**Statement of compliance**

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.


**Basis of preparation**

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is accounted for on the basis of work done in the year, computed at the appropriate rate, and is stated net of discounts and VAT.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible fixed assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Plant and machinery etc. 25 % reducing balance

Depreciation is charged so as to write off the cost of assets over their estimated useful lives.

Trade and other debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Ordinary share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Final dividends are recognised as a liability in the financial statements in the reporting period in which they are approved by the shareholders. Interim dividends are recognised in the reporting period in which they are paid.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including the director 3 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 May 2023 4,609 4,609
Additions 1,486 1,486
At 30 April 2024 6,095 6,095
Accumulated depreciation
At 01 May 2023 3,150 3,150
Charge for the financial year 644 644
At 30 April 2024 3,794 3,794
Net book value
At 30 April 2024 2,301 2,301
At 30 April 2023 1,459 1,459

4. Debtors

2024 2023
£ £
Corporation tax 0 16,270
Other debtors 2,828 222
2,828 16,492

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 14,400 0
Other taxation and social security 1,327 0
Other creditors 0 84
15,727 84