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REGISTERED NUMBER: 08171061 (England and Wales)


Financial Statements for the Year Ended 31 July 2024

for

Indees Limited

Indees Limited (Registered number: 08171061)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Indees Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr Sumitkumar Patel





SECRETARY: Mrs Poojaben Sumitkumar Patel





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 08171061 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Indees Limited (Registered number: 08171061)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 84,000 84,000
Property, plant and equipment 5 29,571 33,740
113,571 117,740

CURRENT ASSETS
Inventories 38,880 39,874
Debtors 6 1,092 2,414
Cash at bank and in hand 2,545 7,562
42,517 49,850
CREDITORS
Amounts falling due within one year 7 139,906 105,143
NET CURRENT LIABILITIES (97,389 ) (55,293 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,182

62,447

CREDITORS
Amounts falling due after more than one
year

8

14,974

61,934
NET ASSETS 1,208 513

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,108 413
SHAREHOLDERS' FUNDS 1,208 513

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Indees Limited (Registered number: 08171061)

Statement of Financial Position - continued
31 July 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2025 and were signed by:





Mr Sumitkumar Patel - Director


Indees Limited (Registered number: 08171061)

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

1. STATUTORY INFORMATION

Indees 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.

Turnover
Turnover represents net sales of invoiced goods and services excluding Value Added Tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 84,000
NET BOOK VALUE
At 31 July 2024 84,000
At 31 July 2023 84,000

Indees Limited (Registered number: 08171061)

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

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 August 2023 83,122
Additions 2,598
At 31 July 2024 85,720
DEPRECIATION
At 1 August 2023 49,382
Charge for year 6,767
At 31 July 2024 56,149
NET BOOK VALUE
At 31 July 2024 29,571
At 31 July 2023 33,740

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors - 1,330
Other debtors 1,092 1,084
1,092 2,414

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 1,655 -
Trade creditors 25,844 15,506
Taxation and social security 7,732 7,775
Other creditors 104,675 81,862
139,906 105,143

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 14,974 24,994
Hire purchase contracts - 36,940
14,974 61,934

Indees Limited (Registered number: 08171061)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100