1.
General Information
Indigozest Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
07242603
. The registered office is Unit 7 Kings Park Industrial Estate, Primrose Hill, Kings Langley, Hertfordshire, England, WD4 8ST.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial ReportingStandard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and theCompanies Act 2006. The financial statements have been prepared under the historical costconvention.
2.2.
Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added taxand other sales taxes.
2.3.
Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life
| Leasehold |
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| Plant & Machinery |
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| Fixtures & Fittings |
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| Computer Equipment |
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2.4.
Stocks and Work in Progress
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
2.6.
Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme arecharged to profit or loss in the period to which they relate.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2024: 15)
4.
Intangible Assets
| Goodwill | |||
|---|---|---|---|
| £ | |||
| Cost | |||
| As at 1 June 2024 |
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| Disposals |
( |
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| As at 31 May 2025 |
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| Amortisation | |||
| As at 1 June 2024 |
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| Disposals |
( |
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| As at 31 May 2025 |
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...CONTINUED
Indigozest Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
| Net Book Value | |||
| As at 31 May 2025 |
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| As at 1 June 2024 |
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5.
Tangible Assets
| Land & Property | |||||
|---|---|---|---|---|---|
| Leasehold | Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| As at 1 June 2024 |
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| Additions |
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| As at 31 May 2025 |
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| Depreciation | |||||
| As at 1 June 2024 |
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| Provided during the period |
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| As at 31 May 2025 |
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| Net Book Value | |||||
| As at 31 May 2025 |
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| As at 1 June 2024 |
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6.
Stocks
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
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7.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors |
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| Prepayments and accrued income |
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Indigozest Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
8.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Corporation tax |
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| Other taxes and social security |
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- | |
| VAT |
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| Other creditors |
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| Accruals and deferred income |
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| Directors' loan accounts |
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9.
Creditors: Amounts Falling Due After More Than One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans - 2-5 years |
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In June 2020 the company availed itself of a Govt-backed CBILS Loan. There was no interest payable, nor capital repayments due, for the first year. Over the remaining 5 year term, the loan is repayable by equal instalments, with interest at 5%. There are no penalties on early redemption.
During the year, the company obtained a loan from The Community Investment Enterprise Fund 2 (CIEF) of £150,000. The Loan is repayable over a period of 5 years by equal annual instalments. Interest is payable at 14.74% over bank base rate.
10.
Secured Creditors
The loan from the Community Investment Enterprise Fund 2 (CIEF) is secured by a fixed and floating charge over the company’s land and buildings and over its present and future assets, including goodwill, insurance proceeds, book debts, rents, other receivables, plant, and equipment. The floating charge covers all the property and undertaking of the company. The security arrangement also includes a negative pledge clause.
The following secured debts are included within creditors:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts | 150,000 | - |
11.
Share Capital
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Allotted, Called up and fully paid |
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Number:
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Class:
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Nominal
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2025
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2024
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Value
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£
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£
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96
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Ordinary
|
£0.05
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4.80
|
4.80
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1
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Ordinary A
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£0.05
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0.05
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0.05
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1
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Ordinary B
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£0.05
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0.05
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0.05
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1
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Ordinary C
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£0.05
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0.05
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0.05
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1
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Ordinary D
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£0.05
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0.05
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0.05
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![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 100 2" >
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</svg>)
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5
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 100 5" >
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</svg>)
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5
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The Ordinary shares have full voting and dividend rights, whereas the Ordinary A, B, C and D shares have dividend rights only.
Indigozest Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 May 2025
12.
Other Commitments
Minimum lease payments under non-cancellable operating leaseas fall due as follows:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Not later than one year |
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| Later than one year and not later than five years |
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13.
Dividends
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Interim dividend paid |
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14.
Related Party Transactions
During the year, total dividends of £163,900 (2024 - £200,900) were paid to the directors.