Indrajet Consulting Limited
Unaudited Financial Statements
For the year ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 05990384 (England and Wales)
Indrajet Consulting Limited
Company Information
Director
Mr J Karim
Company number
05990384
Registered office
4 Victoria Square
St Albans
Hertfordshire
AL1 3TF
Accountants
Moore Kingston Smith LLP
4 Victoria Square
St Albans
Hertfordshire
AL1 3TF
Indrajet Consulting Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Indrajet Consulting Limited
Balance Sheet
As at 31 December 2024
Page 1
2024
2023
Notes
$
$
$
$
Current assets
Cash at bank and in hand
8,692
10,769
Creditors: amounts falling due within one year
2
(464,802)
(465,773)
Net current liabilities
(456,110)
(455,004)
Capital and reserves
Called up share capital
3
200
200
Profit and loss reserves
(456,310)
(455,204)
Total equity
(456,110)
(455,004)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 11 June 2025
Mr J Karim
Director
Company Registration No. 05990384
Indrajet Consulting Limited
Notes to the Financial Statements
For the year ended 31 December 2024
Page 2
1
Accounting policies
Company information

Indrajet Consulting Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4 Victoria Square, St Albans, Hertfordshire, AL1 3TF.

1.1
Accounting convention
The financial statements are prepared under the historical cost convention.

The financial statements are prepared in United States dollars which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest dollar.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern
The shareholder has confirmed its continued financial support to the company for the foreseeable future and the directors have every reason to believe that this will be forthcoming.

On the basis of this assurance the directors believe it is appropriate to prepare the financial statements on a going concern basis.
true
1.3
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Indrajet Consulting Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
1
Accounting policies
(Continued)
Page 3
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.6
Foreign exchange

Transactions in currencies other than US dollars are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

 

The financial statements are stated in United States dollars (US$) and are translated at a rate of 1.2662 to the £.

 

2
Creditors: amounts falling due within one year
2024
2023
$
$
Other creditors
461,802
462,773
Accruals and deferred income
3,000
3,000
464,802
465,773
Indrajet Consulting Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2024
Page 4
3
Called up share capital
2024
2023
$
$
Ordinary share capital
Issued and fully paid
100 Ordinary shares of £1 each
200
200
4
Related party transactions

As at 31 December 2024 included in creditors due in less than one year is an amount of $130,613 (2023: $131,583) due from the company to the director and shareholder.

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