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

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


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REGISTERED NUMBER: 06418590 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

INDIGO TALENT LIMITED

INDIGO TALENT LIMITED (BY SHARES) (REGISTERED NUMBER: 06418590)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2020




Page

Company Information 1

Balance Sheet 2


INDIGO TALENT LIMITED (BY SHARES)

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2020







DIRECTORS: Ms C J Downes
Ms D J S Thompson





REGISTERED OFFICE: 32 Albany Villas
Hove
East Sussex
BN3 2RW





REGISTERED NUMBER: 06418590 (England and Wales)





ACCOUNTANTS: Cardens Accountants LLP
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

INDIGO TALENT LIMITED (BY SHARES) (REGISTERED NUMBER: 06418590)

BALANCE SHEET
31 MARCH 2020

2020 2019
£    £    £    £   
FIXED ASSETS 5,213 6,222

CURRENT ASSETS 314,789 218,731

CREDITORS
Amounts falling due within one year (130,952 ) (131,498 )
NET CURRENT ASSETS 183,837 87,233
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,050

93,455

CAPITAL AND RESERVES 189,050 93,455

NOTES TO THE FINANCIAL STATEMENTS

1. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 3 (2019 - 4 ) .

2. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2020 and 31 March 2019:

2020 2019
£    £   
Ms D J S Thompson
Balance outstanding at start of year (27,803 ) (12,864 )
Amounts advanced 14,522 517
Amounts repaid (8,737 ) (15,456 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (22,018 ) (27,803 )

Ms C J Downes
Balance outstanding at start of year (34,154 ) (31,154 )
Amounts advanced 23,789 1,500
Amounts repaid (6,650 ) (4,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (17,015 ) (34,154 )

This balance represented the maximum amount outstanding during the year. Interest is charged on any overdrawn amounts at the beneficial loan interest rate.

INDIGO TALENT LIMITED (BY SHARES) (REGISTERED NUMBER: 06418590)

BALANCE SHEET - continued
31 MARCH 2020

NOTES TO THE FINANCIAL STATEMENTS

3. POST BALANCE SHEET EVENTS

Before the balance sheet date but prior to the approval of these accounts an outbreak of the COVID-19 virus occurred causing a global pandemic recognised by the World Health Organisation (WHO).

The effect of UK Government measures to limit the spread of the virus have been widespread, urging people to remain at home wherever possible, including to work from home if available and to undertake "social distancing" measures. Part of the government action has been to order businesses where people gather socially to close temporarily.

In response to this management of the company have assessed the impact of these measures and have applied to take up the UK Government's unprecedented business aid package.

The directors continue to monitor the situation as it rapidly changes and will react to further developments.



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 21 December 2020 and were signed on its behalf by:




Ms D J S Thompson - Director



Ms C J Downes - Director