ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 06475914

INDIGO FOOD GROUP LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

INDIGO FOOD GROUP LIMITED

REGISTERED NUMBER:06475914

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		787,365		893,871
Investments	5		334,841		323,330
			1,122,206		1,217,201
Current assets
Debtors: amounts falling due within one year	6	1,426,899		4,061,210
Cash at bank and in hand	7	276,663		833,620
		1,703,562		4,894,830
Creditors: amounts falling due within one year	8	(1,933,219)		(1,105,643)
Net current (liabilities)/assets			(229,657)		3,789,187
Total assets less current liabilities			892,549		5,006,388
Creditors: amounts falling due after more than one year	9		(184,337)		(307,006)
Provisions for liabilities
Deferred tax			(66,047)		(75,961)
Net assets			642,165		4,623,421

Capital and reserves
Called up share capital	100	100
Profit and loss account	642,065	4,623,321
	642,165	4,623,421

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M R Woodington

Director

Date: 30 September 2025

The notes on pages 2 to 11 form part of these financial statements.

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INDIGO FOOD GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	GENERAL INFORMATION

Indigo Food Group Limited is a limited liability Company incorporated in the UK and registered in England and Wales. The registered office is 10 Temple Back, Bristol, BS1 6FL.

2.ACCOUNTING POLICIES

2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

∙the requirements of Section 7 Statement of Cash Flows;

∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);

∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);

∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;

∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Indigo Food Group Holdings Limited as at 31 December 2024 and these financial statements may be obtained from Companies House.

2.3

GOING CONCERN

The directors have prepared forecasts which demonstrate the company will be able to operate for a period of at least 12 months within its anticipated cash resources from the date of these financial statements.
Based on this, the directors have prepared these financial statements on a going concern basis.

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INDIGO FOOD GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

2.4

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

LEASED ASSETS: THE COMPANY AS LESSEE

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.6

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

2.7

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.8

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.9

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

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INDIGO FOOD GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

2.10

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.11

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property	-	Over length of lease
Plant and machinery	-	20% straight line
Office equipment	-	25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.12

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

2.13

ASSOCIATES AND JOINT VENTURES

Associates and Joint Ventures are held at cost less impairment.

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INDIGO FOOD GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

2.14

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.15

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.16

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.17

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.18

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

EMPLOYEES

The average monthly number of employees, including directors, during the year was 7 (2023: 7).

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INDIGO FOOD GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	TANGIBLE FIXED ASSETS

	Long-term leasehold property	Plant and machinery	Office equipment	Total
	£	£	£	£
COST OR VALUATION
At 1 January 2024	617,016	508,937	17,201	1,143,154
Additions	-	-	3,344	3,344
At 31 December 2024	617,016	508,937	20,545	1,146,498
DEPRECIATION
At 1 January 2024	81,082	161,395	6,806	249,283
Charge for the year on owned assets	3,756	101,784	4,310	109,850
At 31 December 2024	84,838	263,179	11,116	359,133
NET BOOK VALUE
At 31 December 2024	532,178	245,758	9,429	787,365
At 31 December 2023	535,934	347,542	10,395	893,871

5.	FIXED ASSET INVESTMENTS

	Investments in subsidiary companies	Investments in associates	Total
	£	£	£
COST OR VALUATION
At 1 January 2024	323,330	-	323,330
Additions	-	1	1
Share of profit/(loss)	-	11,510	11,510
At 31 December 2024	323,330	11,511	334,841

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INDIGO FOOD GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

SUBSIDIARY UNDERTAKINGS
The following were subsidiary undertakings of the Company:
Name	Class of shares	Holding

B M Foods Limited	Ordinary	100%
Winning Blend Limited	Ordinary	100%
IFG Investco Limited	Ordinary	100%
Edgmond Foods Limited	Ordinary	100%

The aggregate of the share capital and reserves as at 31 December 2024 and the profit or loss for the year ended on that date for the subsidiary undertakings were as follows:
Name	Aggregate of share capital and reserves	Profit/(Loss)
	£	£

B M Foods Limited	1,774,749	1,162,687
Winning Blend Limited	3,546,151	492,003
IFG Investco Limited	100	-
Edgmond Foods Limited	2,204,821	1,293,772

ASSOCIATE
The following was an associate of the Company:
Name	Class of shares	Holding

Nythe Farm Kitchen Limited

Ordinary

32.4%

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INDIGO FOOD GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

DEBTORS

					2024	2023
					£	£


Trade debtors	34	9,281
Amounts owed by group undertakings	537,545	3,411,310
Amounts owed by joint ventures and associated undertakings	549,308	-
Other debtors	-	503,611
Prepayments and accrued income	340,012	137,008
	1,426,899	4,061,210

Amounts owed to group undertakings are unsecured and repayable on demand.

7.	CASH AND CASH EQUIVALENTS
		2024	2023
		£	£

Cash at bank and in hand	276,663	833,620
	276,663	833,620

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2024	2023
		£	£

Bank loans	122,668	122,668
Trade creditors	336,168	21,184
Amounts owed to group undertakings	37,948	37,948
Corporation tax	659,160	742,034
Other taxation and social security	562,862	13,032
Other creditors	19,814	12,393
Accruals and deferred income	194,599	156,384
	1,933,219	1,105,643

Amounts owed to group undertakings are unsecured and repayable on demand.

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INDIGO FOOD GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
		2024	2023
		£	£

Bank loans	184,337	307,006
	184,337	307,006

Secured loans
The Company has loans with interest rates fixed above base rate and that vary with the base rate.

The following liabilities were secured:
	2024	2023
	£	£


Bank loans due within one year	122,668	122,668
Bank loans due after more than one year	184,337	307,006
	307,005	429,674

Details of security provided:

The above liabilities are secured by way of a fixed charge legal mortgage over the property of the company as disclosed in note 4.

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INDIGO FOOD GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans	122,668	122,668
	122,668	122,668
AMOUNTS FALLING DUE 1-2 YEARS
Bank loans	122,668	122,668
	122,668	122,668
AMOUNTS FALLING DUE 2-5 YEARS
Bank loans	61,669	184,338
	61,669	184,338

	307,005	429,674

11.	PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £66,518 (2023: £111,493).

12.	RELATED PARTY TRANSACTIONS
	The company has taken advantage of the FRS102, Section 33.1a, exemption not to disclosure related party transactions and balances with wholly owned subsidiaries within Indigo Food Group Holdings Limited group.

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INDIGO FOOD GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

13.	CONTROLLING PARTY

The parent company is Indigo Food Group Holdings Limited, a company incorporated in the UK and registered in England and Wales.
The ultimate controlling party is Mr M Woodington.

The Company is exempt from preparing consolidated accounts as it is included in the group accounts of Indigo Food Group Holdings Limited.

14.	AUDITORS' INFORMATION

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 30 September 2025 by Ria Burridge FCCA (Senior statutory auditor) on behalf of Bishop Fleming Audit Limited.

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