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Company Registration No. 05419866 (England and Wales)
Indigo Financial Advice Ltd Unaudited accounts for the year ended 31 July 2024
Indigo Financial Advice Ltd Unaudited accounts Contents
Page
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Indigo Financial Advice Ltd Company Information for the year ended 31 July 2024
Director
DL Turner
Company Number
05419866 (England and Wales)
Registered Office
38 Albert Road Colne Lancashire BB8 0AD
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
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Indigo Financial Advice Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
30,543 
34,062 
Tangible assets
28,945 
30,322 
59,488 
64,384 
Current assets
Debtors
54,283 
- 
Investments
64,352 
62,197 
Cash at bank and in hand
369,480 
391,894 
488,115 
454,091 
Creditors: amounts falling due within one year
(26,280)
12,325 
Net current assets
461,835 
466,416 
Total assets less current liabilities
521,323 
530,800 
Provisions for liabilities
Deferred tax
(6,000)
(7,600)
Net assets
515,323 
523,200 
Capital and reserves
Called up share capital
100 
100 
Capital redemption reserve
100 
100 
Profit and loss account
515,123 
523,000 
Shareholders' funds
515,323 
523,200 
For the year ending 31 July 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 March 2025 and were signed on its behalf by
DL Turner Director Company Registration No. 05419866
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Indigo Financial Advice Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Indigo Financial Advice Ltd is a private company, limited by shares, registered in England and Wales, registration number 05419866. The registered office is 38 Albert Road, Colne, Lancashire, BB8 0AD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 years
Fixtures & fittings
at varying rates on cost
Computer equipment
3 years
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2023
55,185 
At 31 July 2024
55,185 
Amortisation
At 1 August 2023
21,123 
Charge for the year
3,519 
At 31 July 2024
24,642 
Net book value
At 31 July 2024
30,543 
At 31 July 2023
34,062 
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Indigo Financial Advice Ltd Notes to the Accounts for the year ended 31 July 2024
5
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2023
25,238 
29,545 
23,246 
12,142 
90,171 
Additions
- 
- 
5,331 
598 
5,929 
At 31 July 2024
25,238 
29,545 
28,577 
12,740 
96,100 
Depreciation
At 1 August 2023
17,136 
11,723 
20,320 
10,670 
59,849 
Charge for the year
1,228 
4,455 
672 
951 
7,306 
At 31 July 2024
18,364 
16,178 
20,992 
11,621 
67,155 
Net book value
At 31 July 2024
6,874 
13,367 
7,585 
1,119 
28,945 
At 31 July 2023
8,102 
17,822 
2,926 
1,472 
30,322 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
54,283 
- 
7
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
64,352 
62,197 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
85,325 
46,610 
Loans from directors
(59,045)
(58,935)
26,280 
(12,325)
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
DL Turner
Directors loan
58,935 
110 
- 
59,045 
58,935 
110 
- 
59,045 
During the year, the company made interest free advances to a director amounting to £110. These are repayable on demand.
10
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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