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REGISTERED NUMBER: SC168562 (Scotland)















Financial Statements For The Year Ended 31 March 2024

for

Indez Ltd

Indez Ltd (Registered number: SC168562)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Indez Ltd

Company Information
For The Year Ended 31 March 2024







DIRECTORS: Mrs Gillian Mowforth
Dr Peter Mowforth





REGISTERED OFFICE: c/o Robb Ferguson
Regent Court
70 West Regent Street
Glasgow
G2 2QZ





REGISTERED NUMBER: SC168562 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Indez Ltd (Registered number: SC168562)

Abridged Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,717 40,579

CURRENT ASSETS
Debtors 29,953 22,503
Cash at bank and in hand 137 18,022
30,090 40,525
CREDITORS
Amounts falling due within one year 128,315 120,731
NET CURRENT LIABILITIES (98,225 ) (80,206 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(78,508

)

(39,627

)

CREDITORS
Amounts falling due after more than one
year

25,747

38,819
NET LIABILITIES (104,255 ) (78,446 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (104,355 ) (78,546 )
SHAREHOLDERS' FUNDS (104,255 ) (78,446 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Indez Ltd (Registered number: SC168562)

Abridged Statement of Financial Position - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2024 and were signed on its behalf by:





Dr Peter Mowforth - Director


Indez Ltd (Registered number: SC168562)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Indez Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on the going concern basis. The Directors consider that the going concern basis is appropriate as although the company has net liabilities, these liabilities are supported by the company's creditors. The directors are confident that facilities will be maintained for a period of at least 12 months from the date of signing the accounts.

Turnover
Turnover is stated net of VAT and trade discounts. Turnover represents net invoiced sales of services in respect of the provision of websites and related support sales to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment - 33% straight line, 20% on reducing balance and 2.5% on cost

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Current or deferred taxation assets and liabilities are not discounted.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Indez Ltd (Registered number: SC168562)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Fixed assert investments
Listed investments are measured at fair value through profit and loss. Unlisted investments are measured at cost less impairment as fair value cannot be reliably measured without undue cost or effort.

Lease incentives
The benefits of the lease incentives are recognised in the Statement of Comprehensive Income over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 109,445
Additions 2,499
Disposals (5,921 )
At 31 March 2024 106,023
DEPRECIATION
At 1 April 2023 68,866
Charge for year 23,297
Eliminated on disposal (5,857 )
At 31 March 2024 86,306
NET BOOK VALUE
At 31 March 2024 19,717
At 31 March 2023 40,579

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 40,186 54,590

The Royal Bank of Scotland plc hold a bond and floating charge over the company's assets.