Indigo41 Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05476247 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Indigo41 Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I E Willis

Miss M T Jones

REGISTERED OFFICE:

371 Church Road

Frampton Cotterell

Bristol

BS36 2AQ

REGISTERED NUMBER:

05476247 (England and Wales)

ACCOUNTANTS:

Boardman Conway

23A High Street

Weaverham

Northwich

Cheshire

CW8 3HA

FIXED ASSETS

Tangible assets

4

22,342

20,220

CURRENT ASSETS

Debtors

5

1,307

13,193

Cash at bank

16,076

10,420

17,383

23,613

CREDITORS

Amounts falling due within one year

6

31,036

27,844

NET CURRENT LIABILITIES

(13,653

)

(4,231

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,689

15,989

CREDITORS

Amounts falling due after more than one year

7

(4,134

)

-

PROVISIONS FOR LIABILITIES

(4,245

)

(4,044

)

NET ASSETS

310

11,945

CAPITAL AND RESERVES

Called up share capital

8

8

Retained earnings

302

11,937

SHAREHOLDERS' FUNDS

310

11,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 14 December 2018 and were signed on its behalf by:

I E Willis - Director

1.	STATUTORY INFORMATION

Indigo41 Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Income is recognised in the month that the service is carried out.

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

-

25% straight line

Motor vehicles

-

25% straight line

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and

accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its

tangible fixed assets to determine whether there is any indication that any items have suffered an impairment

loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the

extent of the impairment losses, if any. Where it is not possible to estimate the recoverable amount of the asset,

the company estimates the recoverable amount of the cash-generating unit to which the assets belongs.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2017

11,331

15,500

26,831

Additions

2,943

7,046

9,989

Disposals

(5,633

)

-

(5,633

)

At 31 March 2018

8,641

22,546

31,187

DEPRECIATION

At 1 April 2017

5,804

807

6,611

Charge for year

3,049

4,022

7,071

Eliminated on disposal

(4,837

)

-

(4,837

)

At 31 March 2018

4,016

4,829

8,845

NET BOOK VALUE

At 31 March 2018

4,625

17,717

22,342

At 31 March 2017

5,527

14,693

20,220

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Prepayments

1,307

13,193

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

2,067

-

Tax

18,271

20,086

Social security and other taxes

66

66

VAT

7,541

5,262

Directors' current accounts

791

180

Accrued expenses

2,300

2,250

31,036

27,844

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Hire purchase contracts

4,134

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.18

31.3.17

£

£

Hire purchase contracts

6,201

-

9.	LEASING ARRANGEMENTS

At 31 March 2018 the company had total commitments under non-cancellable operating leases over the

remaining life of those leases of £72,276 (2017 - £42,162).