Company registration number: NI067525
Annual report and unaudited financial statements
for the year ended 31 December 2025
for
Indiwoods Limited
Pages for filing with the Registrar
Company registration number: NI067525
Indiwoods Limited
Balance sheet
as at 31 December 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 89,146 98,074
Investments 5 10 10
89,156 98,084
Current assets
Stocks 31,347 31,232
Debtors 6 7,230 10,347
Cash at bank and in hand 165,667 212,921
204,244 254,500
Creditors: amounts falling due within one year
7 (173,331) (162,815)
Net current assets 30,913 91,685
Total assets less current liabilities 120,069 189,769
NET ASSETS 120,069 189,769
Capital and reserves
Called up share capital 34 34
Profit and loss account 120,035 189,735
TOTAL EQUITY 120,069 189,769
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: NI067525
Indiwoods Limited
Balance sheet - continued
as at 31 December 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 23 September 2026 and signed on its behalf by:
Mr J Trimble, Director
23 September 2026
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Indiwoods Limited
Notes to the financial statements
for the year ended 31 December 2025
1 Company information
Indiwoods Limited is a private company registered in Northern Ireland. Its registered number is NI067525. The company is limited by shares. Its registered office is 95 Tirnascobe Road, Armagh, County Armagh, BT61 9HX.
2 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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property -
Plant and machinery etc.:
Plant & Machinery - 15% reducing balance
Fixture & Fittings - 15% reducing balance
Motor Vehicles - 15% reducing balance
Computer Equipment - 20% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Indiwoods Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 3 (2024 - 3).
4 Tangible fixed assets
Land and buildings
Plant and machinery etc.

Totals
£ £ £
Cost
At 1 January 2025 9,420 174,237 183,657
Additions - 5,264 5,264
At 31 December 2025 9,420 179,501 188,921
Depreciation
At 1 January 2025 - 85,583 85,583
Charge for year - 14,192 14,192
At 31 December 2025 - 99,775 99,775
Net book value
At 31 December 2025 9,420 79,726 89,146
At 31 December 2024 9,420 88,654 98,074
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Indiwoods Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
5 Fixed asset investments
Investments other than loans
Other investments other than loans


£
Cost
At 1 January 2025 10
At 31 December 2025 10
Net book value
At 31 December 2025 10
At 31 December 2024 10
6 Debtors
2025 2024
£ £
Trade debtors 2,070 1,063
Taxation 5,117 9,284
Other debtors 43 -
7,230 10,347
7 Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 31,248 27,328
Amounts owed to participating interests 50,000 50,000
Amounts owed to directors 90,723 69,198
Other creditors - 1,487
Taxation - 14,257
Accruals and deferred income 1,360 545
173,331 162,815
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