Registration number: SC193859

Indigo (Scotland) Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Indigo (Scotland) Limited

Company Information

Director

Mr R Dunlop

Registered office

23 Burnbank Meadows Kinross KY13 8GE

Accountants

Ross McConnell Chartered Accountant3 High Street Kinross KY13 8AW

Indigo (Scotland) Limited

(Registration number: SC193859)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed Assets
Tangible Assets	4	813,587	814,088
Current assets
Debtors	5	269	13,257
Cash at bank and in hand		5,224	2,460
		5,493	15,717
Creditors: Amounts falling due within one year	6	(39,972)	(32,749)
Net current liabilities		(34,479)	(17,032)
Total assets less current liabilities		779,108	797,056
Creditors: Amounts falling due after more than one year	6	(664,551)	(664,551)
Net assets		114,557	132,505
Capital and reserves
Called up share capital	7	2	2
Retained earnings		114,555	132,503
Shareholders' funds		114,557	132,505

Indigo (Scotland) Limited

(Registration number: SC193859)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 December 2025
 

......................................... Mr R Dunlop Director

Indigo (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
23 Burnbank Meadows
Kinross
KY13 8GE

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Indigo (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures & fittings	20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Indigo (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible Assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2024	812,904	15,837	828,741
At 31 March 2025	812,904	15,837	828,741
Depreciation
At 1 April 2024	-	14,653	14,653
Charge for the year	-	501	501
At 31 March 2025	-	15,154	15,154
Carrying amount
At 31 March 2025	812,904	683	813,587
At 31 March 2024	812,904	1,184	814,088

5

Debtors

Current	2025 £	2024 £
Prepayments	269	257
Other debtors	-	13,000
	269	13,257

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		31,011	23,011
Taxation and social security		705	972
Accruals and deferred income		940	940
Other creditors		7,316	7,826
		39,972	32,749

Other creditors represents an interest free unsecured loan, repayable on demand.

Indigo (Scotland) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		664,551	664,551

The bank loans are secured over the land and buildings, and are payable after five years.

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary share of £1 each	2	2	2	2