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Registered number: 01253984
Indulgence Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Brook & Co Accountants - Brackley
1 Market Place
Brackley
NN13 7AB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01253984
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 78,215 113,036
78,215 113,036
CURRENT ASSETS
Stocks 6 60,614 63,426
Debtors 7 205,555 358,160
Cash at bank and in hand 1,076,282 888,858
1,342,451 1,310,444
Creditors: Amounts Falling Due Within One Year 8 (482,651 ) (404,212 )
NET CURRENT ASSETS (LIABILITIES) 859,800 906,232
TOTAL ASSETS LESS CURRENT LIABILITIES 938,015 1,019,268
NET ASSETS 938,015 1,019,268
CAPITAL AND RESERVES
Called up share capital 9 13,300 13,300
Capital redemption reserve 13,000 13,000
Profit and Loss Account 911,715 992,968
SHAREHOLDERS' FUNDS 938,015 1,019,268
Page 1
Page 2
For the year ending 31 March 2025 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 directors acknowledge their 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
Mrs Suzanne Medd
Director
22/05/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Indulgence Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01253984 . The registered office is 1 Market Place, Brackley, Northamptonshire, NN13 7AB.
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.
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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten 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:
Fixtures & Fittings 33% on cost
Computer Equipment 33% on cost
2.5. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving items.
2.6. 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 year 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.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2024: NIL)
- -
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 348,214
As at 31 March 2025 348,214
Amortisation
As at 1 April 2024 235,178
Provided during the period 34,821
As at 31 March 2025 269,999
Net Book Value
As at 31 March 2025 78,215
As at 1 April 2024 113,036
5. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2024 39,278
As at 31 March 2025 39,278
Depreciation
As at 1 April 2024 39,278
As at 31 March 2025 39,278
Net Book Value
As at 31 March 2025 -
As at 1 April 2024 -
6. Stocks
2025 2024
£ £
Stocks 60,614 63,426
Page 4
Page 5
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 191,752 341,633
Other debtors 13,803 16,527
205,555 358,160
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Other creditors 390,565 282,800
Taxation and social security 92,086 121,412
482,651 404,212
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 13,300 13,300
10. Ultimate Controlling Party
The company was controlled throughout the year by Mrs S J Medd who is one of the directors.
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