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Company Registration No. 14316398 (England and Wales)
Indie Village Ltd Unaudited accounts for the year ended 31 August 2024
Indie Village Ltd Unaudited accounts Contents
Page
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Indie Village Ltd Company Information for the year ended 31 August 2024
Director
Dale Steven Love-Ballantine
Company Number
14316398 (England and Wales)
Registered Office
80-83 Long Lane London EC1A 9ET England
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
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Indie Village Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
23,919 
16,461 
Current assets
Debtors
47,301 
15,247 
Cash at bank and in hand
933 
17,659 
48,234 
32,906 
Creditors: amounts falling due within one year
(36,285)
(19,701)
Net current assets
11,949 
13,205 
Total assets less current liabilities
35,868 
29,666 
Provisions for liabilities
Deferred tax
(4,545)
(3,128)
Net assets
31,323 
26,538 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
31,223 
26,438 
Shareholders' funds
31,323 
26,538 
For the year ending 31 August 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 14 April 2025 and were signed on its behalf by
Dale Steven Love-Ballantine Director Company Registration No. 14316398
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Indie Village Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Indie Village Ltd is a private company, limited by shares, registered in England and Wales, registration number 14316398. The registered office is 80-83 Long Lane, London, EC1A 9ET, England.
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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
33.3% Straight Line
Computer equipment
33.3% Straight Line
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
7,153 
11,751 
18,904 
Additions
254 
16,729 
16,983 
Disposals
- 
(254)
(254)
At 31 August 2024
7,407 
28,226 
35,633 
Depreciation
At 1 September 2023
1,536 
907 
2,443 
Charge for the year
2,469 
6,802 
9,271 
At 31 August 2024
4,005 
7,709 
11,714 
Net book value
At 31 August 2024
3,402 
20,517 
23,919 
At 31 August 2023
5,617 
10,844 
16,461 
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Indie Village Ltd Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
2,192 
Trade debtors
46,924 
4,963 
Accrued income and prepayments
119 
7,992 
Other debtors
258 
100 
47,301 
15,247 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
317 
- 
VAT
7,185 
- 
Trade creditors
6,758 
4,838 
Taxes and social security
- 
2,775 
Other creditors
3,486 
- 
Loans from directors
1,767 
- 
Accruals
1,000 
2,795 
Deferred income
15,772 
9,293 
36,285 
19,701 
7
Transactions with related parties
The Director, Dale Love-Ballantine, of Indie Village Ltd is also a Director of Indie Village Creative PTY (LTD). Indie Village Creative PTY (LTD) provided Indie Village Ltd with services in the year totalling £63,950 (2023 £70,868). There was no outstanding balance at 31 August 2024 in respect of these transactions.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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