Indigo Scientific Limited - Limited company accounts 17.3

REGISTERED NUMBER: 04575916 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Indigo Scientific Limited

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

C J Hunter

SECRETARY:

Mrs S Hunter

REGISTERED OFFICE:

83a High Street

Stevenage

Hertfordshire

SG1 3HR

REGISTERED NUMBER:

04575916 (England and Wales)

ACCOUNTANTS:

J A Dauncey

New Farm

Colesden

Bedford

Bedfordshire

MK44 3DB

The director presents his report with the financial statements of the company for the year ended 31 March 2017.

DIRECTOR

C J Hunter held office during the whole of the period from 1 April 2016 to the date of this report.

Following Mr McDermotts resignation on 31 May 2006,he sold 180 shares

to C.J.Hunter who on that day gifted 150 shares to Mrs S.Hunter. On 6 August 2007 a further 120 shares

were sold by Mr Mcdermott to C.J.Hunter.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006

relating to small companies.

ON BEHALF OF THE BOARD:

21/06/2016

Mrs S Hunter - Secretary

11 October 2017

TURNOVER

591,012

594,675

Cost of sales

413,174

251,509

GROSS PROFIT

177,838

343,166

Distribution costs

7,581

15,408

Administrative expenses

194,631

157,055

202,212

172,463

(24,374

)

170,703

Other operating income

30,000

(60,000

)

OPERATING PROFIT and

PROFIT BEFORE TAXATION

5,626

110,703

Tax on profit

-

18,000

PROFIT FOR THE FINANCIAL
YEAR

5,626

92,703

FIXED ASSETS

Tangible assets

5

18,991

CURRENT ASSETS

Stocks

23,300

22,900

Debtors

6

34,253

113,996

Cash at bank

17,525

58,194

75,078

195,090

CREDITORS

Amounts falling due within one year

7

84,693

145,331

NET CURRENT (LIABILITIES)/ASSETS

(9,615

)

49,759

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,376

68,750

CAPITAL AND RESERVES

Called up share capital

600

Retained earnings

8,776

68,150

SHAREHOLDERS' FUNDS

9,376

68,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 11 October 2017 and were signed by:

C J Hunter - Director

1.	STATUTORY INFORMATION

Indigo Scientific 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

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.

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 monthly number of employees during the year was 6 .

4.	EXCEPTIONAL ITEMS

31.3.17

31.3.16

£

Exceptional items

(7,581

)

(15,408

)

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

23,991

DEPRECIATION

At 1 April 2016

and 31 March 2017

5,000

NET BOOK VALUE

At 31 March 2017

18,991

At 31 March 2016

18,991

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Trade debtors

34,253

113,996

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Trade creditors

-

17,944

Taxation and social security

342

13,036

Other creditors

84,351

114,351

84,693

145,331