11 false false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2024 - FRS102_2024 70,872 11,357 82,229 67,922 3,452 71,374 10,855 2,950 xbrli:pure xbrli:shares iso4217:GBP 07820037 2024-01-01 2024-12-31 07820037 2024-12-31 07820037 2023-12-31 07820037 2023-01-01 2023-12-31 07820037 2023-12-31 07820037 2022-12-31 07820037 core:NetGoodwill 2024-01-01 2024-12-31 07820037 core:PlantMachinery 2024-01-01 2024-12-31 07820037 core:MotorVehicles 2024-01-01 2024-12-31 07820037 bus:Director1 2024-01-01 2024-12-31 07820037 bus:Director2 2024-01-01 2024-12-31 07820037 core:NetGoodwill 2023-12-31 07820037 core:NetGoodwill 2024-12-31 07820037 core:PlantMachinery 2023-12-31 07820037 core:MotorVehicles 2023-12-31 07820037 core:PlantMachinery 2024-12-31 07820037 core:MotorVehicles 2024-12-31 07820037 core:WithinOneYear 2024-12-31 07820037 core:WithinOneYear 2023-12-31 07820037 core:AfterOneYear 2024-12-31 07820037 core:AfterOneYear 2023-12-31 07820037 core:ShareCapital 2024-12-31 07820037 core:ShareCapital 2023-12-31 07820037 core:RetainedEarningsAccumulatedLosses 2024-12-31 07820037 core:RetainedEarningsAccumulatedLosses 2023-12-31 07820037 core:NetGoodwill 2023-12-31 07820037 core:PlantMachinery 2023-12-31 07820037 core:MotorVehicles 2023-12-31 07820037 bus:SmallEntities 2024-01-01 2024-12-31 07820037 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07820037 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07820037 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07820037 bus:FullAccounts 2024-01-01 2024-12-31 07820037 core:OfficeEquipment 2024-01-01 2024-12-31 07820037 core:OfficeEquipment 2023-12-31 07820037 core:OfficeEquipment 2024-12-31 07820037 core:AfterOneYear 2024-01-01 2024-12-31
COMPANY REGISTRATION NUMBER: 07820037
Indigro Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2024
Indigro Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
10,855
2,950
Tangible assets
6
154,979
224,274
---------
---------
165,834
227,224
Current assets
Debtors
7
243,722
192,296
Cash at bank and in hand
407,557
384,117
---------
---------
651,279
576,413
Creditors: amounts falling due within one year
8
421,008
320,513
---------
---------
Net current assets
230,271
255,900
---------
---------
Total assets less current liabilities
396,105
483,124
Creditors: amounts falling due after more than one year
9
26,035
54,875
Provisions
Taxation including deferred tax
29,036
---------
---------
Net assets
341,034
428,249
---------
---------
Indigro Limited
Statement of Financial Position (continued)
31 December 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
2
2
Profit and loss account
341,032
428,247
---------
---------
Shareholders funds
341,034
428,249
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 26 June 2025 , and are signed on behalf of the board by:
R Davis
R Ding
Director
Director
Company registration number: 07820037
Indigro Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Enterprise House, 38 Tyndall Court, Commerce Road, Lynch Wood, Peterborough, Cambs, PE2 6LR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: Depreciation Tangible fixed assets are recognised at cost or valuation, less accumulated depreciation and any impairments. Depreciation takes place over the estimated useful life, down to the assessed residual value. The carrying amount of the company's fixed assets is tested as soon as conditions show that a need for impairment has arisen.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
33% straight line
Equipment
-
33% reducing balance
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2023: 12 ).
5. Intangible assets
Goodwill
£
Cost
At 1 January 2024
70,872
Additions
Acquisitions through business combinations
11,357
--------
At 31 December 2024
82,229
--------
Amortisation
At 1 January 2024
67,922
Charge for the year
3,452
--------
At 31 December 2024
71,374
--------
Carrying amount
At 31 December 2024
10,855
--------
At 31 December 2023
2,950
--------
6. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 January 2024
100,858
295,574
23,729
420,161
Additions
41,673
1,950
43,623
---------
---------
--------
---------
At 31 December 2024
100,858
337,247
25,679
463,784
---------
---------
--------
---------
Depreciation
At 1 January 2024
36,358
142,550
16,979
195,887
Charge for the year
16,125
94,135
2,658
112,918
---------
---------
--------
---------
At 31 December 2024
52,483
236,685
19,637
308,805
---------
---------
--------
---------
Carrying amount
At 31 December 2024
48,375
100,562
6,042
154,979
---------
---------
--------
---------
At 31 December 2023
64,500
153,024
6,750
224,274
---------
---------
--------
---------
7. Debtors
2024
2023
£
£
Trade debtors
173,185
137,029
Other debtors
70,537
55,267
---------
---------
243,722
192,296
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
47,777
30,884
Social security and other taxes
144,967
75,510
Other creditors
228,264
214,119
---------
---------
421,008
320,513
---------
---------
Included within other creditors is a hire purchase liability of £21,374 (2023: £nil) which is secured against the assets to which it relates.
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
26,035
54,875
--------
--------
Included within other creditors is a hire purchase liability of £26,035 (2023: £54,875) which is secured against the assets to which it relates.
10. Controlling party
The company is not under the control of any one party.