Acorah Software Products - Accounts Production 16.1.300 false true false 13 February 2023 28 February 2024 28 February 2024 14656971 Mr Oleg Buller Miss Diipa Khosla Inde Wild B.V. true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14656971 2023-02-12 14656971 2024-02-28 14656971 2023-02-13 2024-02-28 14656971 frs-core:CurrentFinancialInstruments 2024-02-28 14656971 frs-core:ComputerEquipment 2024-02-28 14656971 frs-core:ComputerEquipment 2023-02-13 2024-02-28 14656971 frs-core:ComputerEquipment 2023-02-12 14656971 frs-core:ShareCapital 2024-02-28 14656971 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 14656971 frs-bus:PrivateLimitedCompanyLtd 2023-02-13 2024-02-28 14656971 frs-bus:FilletedAccounts 2023-02-13 2024-02-28 14656971 frs-bus:SmallEntities 2023-02-13 2024-02-28 14656971 frs-bus:AuditExempt-NoAccountantsReport 2023-02-13 2024-02-28 14656971 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-13 2024-02-28 14656971 frs-bus:OrdinaryShareClass1 2023-02-13 2024-02-28 14656971 frs-bus:OrdinaryShareClass1 2024-02-28 14656971 1 2023-02-13 2024-02-28 14656971 frs-bus:Director1 2023-02-13 2024-02-28 14656971 frs-bus:Director2 2023-02-13 2024-02-28 14656971 frs-countries:EnglandWales 2023-02-13 2024-02-28
Registered number: 14656971
Inde Wild Limited
Unaudited Financial Statements
For the Period 13 February 2023 to 28 February 2024
More Group (Accounting) Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14656971
28 February 2024
Notes £ £
FIXED ASSETS
Tangible Assets 3 298
298
CURRENT ASSETS
Stocks 4 24,839
Debtors 5 5,684,163
Cash at bank and in hand 45,547
5,754,549
Creditors: Amounts Falling Due Within One Year 6 (54,947 )
NET CURRENT ASSETS (LIABILITIES) 5,699,602
TOTAL ASSETS LESS CURRENT LIABILITIES 5,699,900
NET ASSETS 5,699,900
CAPITAL AND RESERVES
Called up share capital 7 5,700,000
Profit and Loss Account (100 )
SHAREHOLDERS' FUNDS 5,699,900
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For the period ending 28 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Oleg Buller
Director
07/02/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% Reducing balance method
1.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1
1
3. Tangible Assets
Computer Equipment
£
Cost
As at 13 February 2023 -
Additions 397
As at 28 February 2024 397
Depreciation
As at 13 February 2023 -
Provided during the period 99
As at 28 February 2024 99
Net Book Value
As at 28 February 2024 298
As at 13 February 2023 -
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4. Stocks
28 February 2024
£
Stock - finished goods 24,839
5. Debtors
28 February 2024
£
Due within one year
Trade debtors 43,695
Amounts owed by group undertakings 5,640,468
5,684,163
6. Creditors: Amounts Falling Due Within One Year
28 February 2024
£
Trade creditors 17,742
VAT 12,359
Accruals and deferred income 24,846
54,947
7. Share Capital
28 February 2024
£
Allotted, Called up and fully paid 5,700,000
Value Number 28 February 2024
Allotted, called up and fully paid £ £
Ordinary Shares 100.000 57,000 5,700,000
8. Related Party Transactions
As of the balance sheet date, the company has a receivable amounting to £5,640,468 from Inde Wild B.V., a company registered in Netherlands, registered address-Herengracht 346-A, with its registered address at Herengracht 346-A, 1016 CG Amsterdam, the parent company of Inde Wild Limited, representing unpaid share capital.
During the year, the company made purchases totaling £122,086 from Inde Wild Private Limited, a related company incorporated in India, with its address at 1159, Vikash Kunj, Vikash Puri, New Delhi, West Delhi, Delhi - 110018. These purchases were for cost of sales and consulting services.
9. Ultimate Controlling Party
The company's ultimate controlling party is Inde Wild B.V. by virtue of his ownership of 100% of the issued share capital in the company.
10. General Information
Inde Wild Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14656971 . The registered office is 1 Giltspur Street, Farringdon, London, EC1A 9DD.
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