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

REGISTERED NUMBER: SC179499 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Indigo (PR) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs J Low

SECRETARY:

G C Low

REGISTERED OFFICE:

27 Maritime Street

Edinburgh

Lothian

EH6 6SE

REGISTERED NUMBER:

SC179499 (Scotland)

ACCOUNTANTS:

One Accounting Ltd

Chartered Management Accountants

Drumsheugh Toll

2 Belford Road

Edinburgh

Midlothian

EH4 3BL

FIXED ASSETS

Tangible assets

4

11,450

20,907

CURRENT ASSETS

Debtors

5

80,541

68,077

Cash at bank

-

8,842

80,541

76,919

CREDITORS

Amounts falling due within one year

6

79,306

68,404

NET CURRENT ASSETS

1,235

8,515

TOTAL ASSETS LESS CURRENT LIABILITIES

12,685

29,422

PROVISIONS FOR LIABILITIES

2,175

3,334

NET ASSETS

10,510

26,088

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

7

9,510

25,088

10,510

26,088

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

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

The director acknowledges her 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 director on 10 August 2018 and were signed by:

Mrs J Low - Director

1.	STATUTORY INFORMATION

Indigo (PR) Limited is a private company, limited by shares , registered in Scotland. 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.

Plant and machinery

-

25% on cost

Web Development

-

50% on cost

Computer equipments

-

25% on cost

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 number of employees during the year was 13 (2016 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Web

Computer

machinery

Development

equipments

Totals

£

£

£

£

COST

At 1 January 2017

and 31 December 2017

42,048

34,533

88,026

164,607

DEPRECIATION

At 1 January 2017

31,285

32,939

79,476

143,700

Charge for year

4,295

1,421

3,741

9,457

At 31 December 2017

35,580

34,360

83,217

153,157

NET BOOK VALUE

At 31 December 2017

6,468

173

4,809

11,450

At 31 December 2016

10,763

1,594

8,550

20,907

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

68,403

59,347

Other debtors

-

3,226

Prepayments and accrued income

12,138

5,504

80,541

68,077

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans and overdrafts

4,238

-

Trade creditors

11,893

7,964

Corporation tax

4

-

Social security and other taxes

17,712

19,857

VAT

41,745

37,463

Other creditors

243

-

Accrued expenses

3,471

3,120

79,306

68,404

7.

RESERVES

Retained

earnings

£

At 1 January 2017

25,088

Deficit for the year

(15,578

)

At 31 December 2017

9,510