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
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
Infinity Wealth Management (Estate Protection) Ltd
Statement of financial position
as at 31 December 2021
Tangible assets
136,962
223,872
Cash at bank and in hand
75
2,296
Creditors: amounts falling due within one year
(226,666)
(232,410)
Net current liabilities
(128,118)
(129,522)
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
Infinity Wealth Management (Estate Protection) Ltd
Notes to the Accounts
for the year ended 31 December 2021
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
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
At 31 December 2021
135,994
968
136,962
At 31 December 2020
222,733
1,139
223,872
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
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
7
Average number of employees
During the year the average number of employees was 5 (2020: 5).