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Company Registration No. 11847290 (England and Wales)
Infraspeak Ltd Unaudited accounts for the year ended 31 December 2021
Infraspeak Ltd Unaudited accounts Contents
Page
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Infraspeak Ltd Company Information for the year ended 31 December 2021
Directors
Felipe Ávila Da Costa Luis Carlos Silva Veiga Martins
Company Number
11847290 (England and Wales)
Registered Office
2.05, 12-18 Hoxton Street London N1 6NG England
Accountants
The Accountancy Cloud 12-18 Hoxton Street London N1 6NG UK
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Infraspeak Ltd Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,720 
2,445 
Current assets
Debtors
6,499 
1,367 
Cash at bank and in hand
10,295 
17,634 
16,794 
19,001 
Creditors: amounts falling due within one year
(762)
(1,572)
Net current assets
16,032 
17,429 
Total assets less current liabilities
18,752 
19,874 
Creditors: amounts falling due after more than one year
(338,677)
(218,150)
Net liabilities
(319,925)
(198,276)
Capital and reserves
Called up share capital
1 
- 
Profit and loss account
(319,926)
(198,276)
Shareholders' funds
(319,925)
(198,276)
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 6 September 2022 and were signed on its behalf by
Felipe Ávila Da Costa Director Company Registration No. 11847290
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Infraspeak Ltd Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Infraspeak Ltd is a private company, limited by shares, registered in England and Wales, registration number 11847290. The registered office is 2.05, 12-18 Hoxton Street , London , N1 6NG, England.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Computer equipment
33.33% Straight Line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Going concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
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Infraspeak Ltd Notes to the Accounts for the year ended 31 December 2021
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2021
3,118 
Additions
2,545 
Disposals
(692)
At 31 December 2021
4,971 
Depreciation
At 1 January 2021
673 
Charge for the year
1,770 
On disposals
(192)
At 31 December 2021
2,251 
Net book value
At 31 December 2021
2,720 
At 31 December 2020
2,445 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
6,499 
97 
Trade debtors
- 
1,270 
6,499 
1,367 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Taxes and social security
(147)
- 
Other creditors
909 
1,572 
762 
1,572 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Amounts owed to group undertakings and other participating interests
338,677 
218,150 
8
Average number of employees
During the year the average number of employees was 2 (2020: 1).
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