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Company Registration No. 09239948 (England and Wales)
Inferenc Limited Unaudited accounts for the year ended 31 March 2023
Inferenc Limited Unaudited accounts Contents
Page
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Inferenc Limited Company Information for the year ended 31 March 2023
Director
Dr Melvyn Weeks
Company Number
09239948 (England and Wales)
Registered Office
8 Gresham Place Cambridge CB1 2EB
Accountants
Cambridge Tax Practice Partnership LLP ASK House 2 Northgate Avenue Bury St Edmunds IP32 6BB
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Inferenc Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
436 
314 
Current assets
Cash at bank and in hand
392,187 
360,344 
Creditors: amounts falling due within one year
(21,467)
(29,025)
Net current assets
370,720 
331,319 
Net assets
371,156 
331,633 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
370,156 
330,633 
Shareholders' funds
371,156 
331,633 
For the year ending 31 March 2023 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 director acknowledges his 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 and authorised for issue on 15 October 2023 and were signed on its behalf by
Dr Melvyn Weeks Director Company Registration No. 09239948
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Inferenc Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Inferenc Limited is a private company, limited by shares, registered in England and Wales, registration number 09239948. The registered office is 8 Gresham Place, Cambridge, CB1 2EB.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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
30%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2022
1,677 
Additions
624 
At 31 March 2023
2,301 
Depreciation
At 1 April 2022
1,363 
Charge for the year
502 
At 31 March 2023
1,865 
Net book value
At 31 March 2023
436 
At 31 March 2022
314 
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Inferenc Limited Notes to the Accounts for the year ended 31 March 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,366 
2,638 
Trade creditors
242 
- 
Taxes and social security
18,860 
25,369 
Loans from directors
(1)
18 
Accruals
1,000 
1,000 
21,467 
29,025 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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