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
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
Indie Village Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
23,919
16,461
Cash at bank and in hand
933
17,659
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)
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
Indie Village Ltd
Notes to the Accounts
for the year ended 31 August 2024
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.
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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. 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
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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
At 31 August 2024
7,407
28,226
35,633
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
At 31 August 2024
3,402
20,517
23,919
At 31 August 2023
5,617
10,844
16,461
Indie Village Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
46,924
4,963
Accrued income and prepayments
119
7,992
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
317
-
Trade creditors
6,758
4,838
Taxes and social security
-
2,775
Loans from directors
1,767
-
Deferred income
15,772
9,293
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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.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).