Indusol Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09901738

Unaudited Financial Statements for the Year Ended 31 December 2023

for

Indusol Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M E Farsian

P Sobhkhiz

REGISTERED OFFICE:

8B Accommodation Road

Golders Green

London

NW11 8ED

REGISTERED NUMBER:

09901738

ACCOUNTANTS:

Faiz & Co. Limited

Chartered Accountants

8B Accommodation Road

London

NW11 8ED

FIXED ASSETS

Tangible assets

4

53,463

68,486

CURRENT ASSETS

Debtors

5

54,498

72,208

Cash at bank and in hand

29,276

76,038

83,774

148,246

CREDITORS

Amounts falling due within one year

6

51,247

120,757

NET CURRENT ASSETS

32,527

27,489

TOTAL ASSETS LESS CURRENT LIABILITIES

85,990

95,975

CREDITORS

Amounts falling due after more than one year

7

33,152

51,235

NET ASSETS

52,838

44,740

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

52,836

44,738

52,838

44,740

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 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 Board of Directors and authorised for issue on 15 February 2024 and were signed on its behalf by:

M E Farsian - Director

1.	STATUTORY INFORMATION

Indusol Ltd is a private company, limited by shares , registered in Not specified/Other. 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 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.

Plant and machinery etc

-

25% on reducing balance and 20% 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2023

100,513

Additions

2,797

At 31 December 2023

103,310

DEPRECIATION

At 1 January 2023

32,027

Charge for year

17,820

At 31 December 2023

49,847

NET BOOK VALUE

At 31 December 2023

53,463

At 31 December 2022

68,486

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/23

31/12/22

£

£

Trade debtors

54,661

72,338

Other debtors

(163

)

(130

)

54,498

72,208

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/23

31/12/22

£

£

Bank loans and overdrafts

29,167

35,000

Trade creditors

(6,847

)

52,205

Taxation and social security

4,568

1,938

Other creditors

24,359

31,614

51,247

120,757

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/23

31/12/22

£

£

Other creditors

33,152

51,235