Indigo Talent Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06418590 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

INDIGO TALENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms D J Thompson

Ms C J Downes

REGISTERED OFFICE:

4 Prince Albert Road

London

NW1 7SN

REGISTERED NUMBER:

06418590 (England and Wales)

ACCOUNTANTS:

Scodie Deyong LLP

Chartered Accountants

4 Prince Albert Road

London

NW1 7SN

FIXED ASSETS

Tangible assets

4

6,222

5,690

CURRENT ASSETS

Debtors

5

117,867

65,517

Cash at bank and in hand

100,864

146,879

218,731

212,396

CREDITORS

Amounts falling due within one year

6

130,317

149,220

NET CURRENT ASSETS

88,414

63,176

TOTAL ASSETS LESS CURRENT LIABILITIES

94,636

68,866

PROVISIONS FOR LIABILITIES

1,182

1,081

NET ASSETS

93,454

67,785

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

93,354

67,685

SHAREHOLDERS' FUNDS

93,454

67,785

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 7 May 2019 and were signed on its behalf by:

Ms D J Thompson - Director

1.	STATUTORY INFORMATION

Indigo Talent Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

Turnover

Turnover represents net invoiced supply of services, excluding value added tax.

Tangible fixed assets

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

Computer and office equipment

-

25% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Computer

and

office

equipment

£

COST

At 1 April 2018

19,530

Additions

2,132

At 31 March 2019

21,662

DEPRECIATION

At 1 April 2018

13,840

Charge for year

1,600

At 31 March 2019

15,440

NET BOOK VALUE

At 31 March 2019

6,222

At 31 March 2018

5,690

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

115,729

62,000

Other debtors

2,138

3,517

117,867

65,517

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

3,355

7,862

Taxation and social security

59,540

31,453

Other creditors

67,422

109,905

130,317

149,220

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100

8.	PENSION COMMITMENTS

The company makes payments to separate defined contribution schemes on behalf of employees. Amounts

charged to the profit and loss account were £2,654 (2018: £1,372) for the year. There were outstanding employer

contributions of £225 (2018: £97) at the balance sheet date.