Infinity Room Ltd
Registered number: 07488583
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Current assets
Stocks 1,524 784
Debtors 4 1,908 1,386
Cash at bank and in hand 18,400 27,224
21,832 29,394
Creditors: amounts falling due within one year 5 (14,271) (8,321)
Net current assets 7,561 21,073
Total assets less current liabilities 7,561 21,073
Creditors: amounts falling due after more than one year 6 (36,300) (40,289)
Net liabilities (28,739) (19,216)
Capital and reserves
Called up share capital 2 2
Profit and loss account (28,741) (19,218)
Shareholders' funds (28,739) (19,216)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Wadud
Director
Approved by the board on 15 October 2023
Infinity Room Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 49,228
At 31 January 2023 49,228
Depreciation
At 1 February 2022 49,228
At 31 January 2023 49,228
Net book value
At 31 January 2023 -
4 Debtors 2023 2022
£ £
Trade debtors 1,908 1,386
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,872 -
Trade creditors 6,956 6,597
Corporation tax 1,554 1,554
Other taxes and social security costs 2,889 170
14,271 8,321
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 15,963 20,000
Other creditors 20,337 20,289
36,300 40,289
7 Other information
Infinity Room Ltd is a private company limited by shares and incorporated in England. Its registered office is:
9 Gramery park
Banner Lane
Coventry
CV4 9AE
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