1 January 2021 false No description of principal activity Taxfiler 2022.8.3 6768768business:PrivateLimitedCompanyLtd2021-01-012021-12-31 67687682020-12-31 67687682021-01-012021-12-31 6768768business:AuditExemptWithAccountantsReport2021-01-012021-12-31 6768768business:FullAccounts2021-01-012021-12-31 67687682021-12-31 6768768business:Director12021-01-012021-12-31 6768768business:Director22021-01-012021-12-31 6768768business:RegisteredOffice2021-01-012021-12-31 67687682020-12-31 6768768core:WithinOneYear2021-12-31 6768768core:WithinOneYear2020-12-31 6768768core:ShareCapital2021-12-31 6768768core:ShareCapital2020-12-31 6768768core:RetainedEarningsAccumulatedLosses2021-12-31 6768768core:RetainedEarningsAccumulatedLosses2020-12-31 6768768business:SmallEntities2021-01-012021-12-31 6768768countries:EnglandWales2021-01-012021-12-31 6768768core:MotorVehicles2021-01-012021-12-31 6768768core:FurnitureFittings2021-01-012021-12-31 6768768core:MotorVehicles2020-12-31 6768768core:FurnitureFittings2020-12-31 6768768core:MotorVehicles2021-12-31 6768768core:FurnitureFittings2021-12-31 67687682020-01-012020-12-31 iso4217:GBP xbrli:pure
Company Registration No. 6768768 (England and Wales)
Infinity Wealth Management (Estate Protection) Ltd Unaudited accounts for the year ended 31 December 2021
Infinity Wealth Management (Estate Protection) Ltd Unaudited accounts Contents
Page
- 2 -
Infinity Wealth Management (Estate Protection) Ltd Company Information for the year ended 31 December 2021
Directors
S D Gough J R Bull
Company Number
6768768 (England and Wales)
Registered Office
28 Terminus Road Sheffield S7 2LH United Kingdom
Accountants
Hart Simpson 28 Terminus Road Sheffield S7 2LH
- 3 -
Infinity Wealth Management (Estate Protection) Ltd Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
136,962 
223,872 
Current assets
Debtors
98,473 
100,592 
Cash at bank and in hand
75 
2,296 
98,548 
102,888 
Creditors: amounts falling due within one year
(226,666)
(232,410)
Net current liabilities
(128,118)
(129,522)
Net assets
8,844 
94,350 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
8,842 
94,348 
Shareholders' funds
8,844 
94,350 
For the year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2022 and were signed on its behalf by
S D Gough Director Company Registration No. 6768768
- 4 -
Infinity Wealth Management (Estate Protection) Ltd Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Infinity Wealth Management (Estate Protection) Ltd is a private company, limited by shares, registered in England and Wales, registration number 6768768. The registered office is 28 Terminus Road, Sheffield, S7 2LH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
5%
Fixtures & fittings
15%
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2021
267,311 
7,303 
274,614 
Additions
135,994 
- 
135,994 
Disposals
(267,311)
- 
(267,311)
At 31 December 2021
135,994 
7,303 
143,297 
Depreciation
At 1 January 2021
44,578 
6,164 
50,742 
Charge for the year
- 
171 
171 
On disposals
(44,578)
- 
(44,578)
At 31 December 2021
- 
6,335 
6,335 
Net book value
At 31 December 2021
135,994 
968 
136,962 
At 31 December 2020
222,733 
1,139 
223,872 
- 5 -
Infinity Wealth Management (Estate Protection) Ltd Notes to the Accounts for the year ended 31 December 2021
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
80,980 
100,592 
Other debtors
17,493 
- 
98,473 
100,592 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Bank loans and overdrafts
84,769 
46,275 
Obligations under finance leases and hire purchase contracts
116,091 
183,599 
Taxes and social security
- 
2,535 
Loans from directors
25,806 
1 
226,666 
232,410 
7
Average number of employees
During the year the average number of employees was 5 (2020: 5).
- 6 -