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REGISTERED NUMBER: 06254135 (England and Wales)















Indigo Team Limited

Unaudited Financial Statements for the Year Ended 31 May 2024






Indigo Team Limited (Registered number: 06254135)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Indigo Team Limited

Company Information
for the Year Ended 31 May 2024







Directors: Mr H W Evans
Ms R Schroder





Registered office: 7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ





Registered number: 06254135 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Indigo Team Limited (Registered number: 06254135)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 1,391 1,139

Current assets
Debtors 5 297,813 286,227
Cash at bank 26,000 189,059
323,813 475,286
Creditors
Amounts falling due within one year 6 (166,165 ) (271,861 )
Net current assets 157,648 203,425
Total assets less current liabilities 159,039 204,564

Creditors
Amounts falling due after more than one
year

7

(11,667

)

(101,667

)
Net assets 147,372 102,897

Capital and reserves
Called up share capital 8 4 4
Retained earnings 9 147,368 102,893
Shareholders' funds 147,372 102,897

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 26 February 2025 and were signed on its behalf by:





Mr H W Evans - Director


Indigo Team Limited (Registered number: 06254135)

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

1. Statutory information

Indigo Team 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.

Going concern
The company meets its working capital requirements through continued support from the director. The director has confirmed that he will continue to support the company financially and continue to fund the working capital to allow continued trade for a period of at least twelve months from the date of signing of these financial statements.

Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the development and marketing of energy saving devices for the global market.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Computer equipment - 33% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Basic financial instruments
Preference shares within the company are treated as a financial liability rather than equity, as there is an annual mandatory distribution equal to 5% of the value of preference shares held.

3. Employees and directors

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

4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 June 2023 10,173 4,078 14,251
Additions - 1,232 1,232
At 31 May 2024 10,173 5,310 15,483
Depreciation
At 1 June 2023 9,402 3,710 13,112
Charge for year 420 560 980
At 31 May 2024 9,822 4,270 14,092
Net book value
At 31 May 2024 351 1,040 1,391
At 31 May 2023 771 368 1,139

Indigo Team Limited (Registered number: 06254135)

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

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 31,521 24,432
Other debtors 263,945 253,195
Prepayments and accrued income 2,347 8,600
297,813 286,227

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 3,128 26,003
Tax 10,842 5,450
Social security and other taxes 1,084 39,057
VAT 6,698 2,710
Other creditors 10,093 77,196
Directors' current accounts 122,904 110,070
Accrued expenses 1,416 1,375
166,165 271,861

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 1,667 11,667
Preference shares - 80,000
11,667 101,667

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary 1 4 4

9. Reserves
Retained
earnings
£   

At 1 June 2023 102,893
Profit for the year 44,475
At 31 May 2024 147,368

Indigo Team Limited (Registered number: 06254135)

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

10. Directors' advances, credits and guarantees

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

2024 2023
£    £   
Mr H W Evans
Balance outstanding at start of year 110,069 147,534
Amounts advanced 43,278 2,175
Amounts repaid (31,767 ) (39,640 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 121,580 110,069

Ms R Schroder
Balance outstanding at start of year - -
Amounts advanced 1,324 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,324 -

11. Ultimate controlling party

The ultimate controlling party is Mr H W Evans.