INDIEVELO LTD

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

• ◆

  2 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Affinia (Chelmsford)

Audit opinion

Qualified

Going concern

Affirmed

“However, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future due to the ultimate parent company providing support to the company for a period of at least 12 months from the date of approval of the company financial statements. On this basis, the director continues to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “The financial statements have been prepared for an accounting period shorter than twelve months to bring the company year end date in line with group compan es. Therefore, prior year figures are not entirely comparable.”
• “Prior period sales were restated to be increased by £71,058, increasing the profit and loss reserve by the same amount. The adjustment reflects the accrual of income due for services performed within the prior financial period.”
• “Prior period administrative expenses were restated to be increased by £2,203, and prior period cost of sales were restated to be increased by £15,823, decreasing the profit and loss reserve by £18,026. The adjustment reflects the accrual of expenses incurred in relation to the prior period which were not invoiced until after the prior balance sheet date.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  —

  Not reported

• Cash

  -47.1%

  £38,555 → £20,412

• Net assets

  -107.7%

  £87,346 → -£6,711

• Employees

  0%

  1 → 1

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers