REGISTERED NUMBER: 04359018 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

INDIGO SPLASH LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N J Turnbull

SECRETARY:

Ms S Turnbull

REGISTERED OFFICE:

15 West Street

Brighton

East Sussex

BN1 2RL

REGISTERED NUMBER:

04359018 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

3

34,865

52,927

CURRENT ASSETS

Debtors

4

9,249

80,720

Cash at bank and in hand

97,696

79,056

106,945

159,776

CREDITORS

Amounts falling due within one year

5

119,136

123,914

NET CURRENT (LIABILITIES)/ASSETS

(12,191

)

35,862

TOTAL ASSETS LESS CURRENT LIABILITIES

22,674

88,789

CREDITORS

Amounts falling due after more than one year

6

(4,603

)

(14,587

)

PROVISIONS FOR LIABILITIES

(6,311

)

(9,674

)

NET ASSETS

11,760

64,528

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

11,757

64,525

11,760

64,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2025 and were signed by:

N J Turnbull - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 February 2024

226,426

2,198

12,850

241,474

Additions

2,922

-

-

2,922

At 31 January 2025

229,348

2,198

12,850

244,396

DEPRECIATION

At 1 February 2024

173,499

2,198

12,850

188,547

Charge for year

20,984

-

-

20,984

At 31 January 2025

194,483

2,198

12,850

209,531

NET BOOK VALUE

At 31 January 2025

34,865

-

-

34,865

At 31 January 2024

52,927

-

-

52,927

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

(270

)

74,107

Other debtors

6,592

3,977

Prepayments

2,927

2,636

9,249

80,720

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,047

10,297

Trade creditors

1,072

3,331

Tax

3,533

5,777

Social security and other taxes

2,797

2,633

VAT

13,573

19,099

Other creditors

3,227

1,712

Directors' loan accounts

81,938

79,111

Accrued expenses

1,949

1,954

119,136

123,914

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

4,603

10,297

Bank loans - 2-5 years

-

4,290

4,603

14,587

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, N Turnbull decreased his loan to the company. As at 31st January 2025, the company owed him £81,937.77 (2024: 79,111). This balance represented the maximum amount outstanding during the year and the loan is repayable on demand. Interest has been charged on the balance at 8%.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is N J Turnbull.

This was by virtue of his 66% holding of the issued share capital.