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
Indigo Financial Advice Ltd
Company Information
for the year ended 31 July 2024
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
Indigo Financial Advice Ltd
Statement of financial position
as at 31 July 2024
Intangible assets
30,543
34,062
Tangible assets
28,945
30,322
Cash at bank and in hand
369,480
391,894
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
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
Indigo Financial Advice Ltd
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (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:
Fixtures & fittings
at varying rates on cost
Computer equipment
3 years
4
Intangible fixed assets
Goodwill
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
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
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
Amounts falling due within one year
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)
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan
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).