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Registered number: 11198218
Indigo Support Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11198218
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 - 1,709
Tangible Assets 5 5,417 4,676
5,417 6,385
CURRENT ASSETS
Debtors 6 379,717 398,532
Cash at bank and in hand 443,193 281,355
822,910 679,887
Creditors: Amounts Falling Due Within One Year 7 (416,701 ) (315,501 )
NET CURRENT ASSETS (LIABILITIES) 406,209 364,386
TOTAL ASSETS LESS CURRENT LIABILITIES 411,626 370,771
Creditors: Amounts Falling Due After More Than One Year 8 (4,167 ) (14,167 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (1,596 )
NET ASSETS 407,459 355,008
CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium account 17,985 17,985
Profit and Loss Account 389,374 336,923
SHAREHOLDERS' FUNDS 407,459 355,008
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
L Hastie
Director
20 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Indigo Support Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11198218 . The registered office is Queensway House, Queensway, Middlesbrough, TS3 8TF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The presentation currency of the financial statements is £ sterling.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are software development. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 33.33% straight line
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% straight line
Computer Equipment 33.33% straight line
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 37 (2023: 29)
37 29
4. Intangible Assets
Other
£
Cost
As at 1 January 2024 10,000
As at 31 December 2024 10,000
Amortisation
As at 1 January 2024 8,291
Provided during the period 1,709
As at 31 December 2024 10,000
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 1,709
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2024 4,996 - 31,284 10,934 47,214
Additions - 6,250 - - 6,250
As at 31 December 2024 4,996 6,250 31,284 10,934 53,464
Depreciation
As at 1 January 2024 4,996 - 26,870 10,672 42,538
Provided during the period - 833 4,414 262 5,509
As at 31 December 2024 4,996 833 31,284 10,934 48,047
Net Book Value
As at 31 December 2024 - 5,417 - - 5,417
As at 1 January 2024 - - 4,414 262 4,676
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 324,017 271,364
Other debtors - 54,903
Director's loan account 55,700 72,265
379,717 398,532
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Other loans 22,595 -
Corporation tax 71,653 46,608
Other taxes and social security 25,393 22,936
VAT 176,541 151,208
Other creditors 340 670
Accruals and deferred income 110,179 84,079
416,701 315,501
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,167 14,167
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
At the balance sheet date the Director owed the company £55,700 (2023: £72,265). This loan was unsecured, interest free and repayable on demand.
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