INFINITY LAW LIMITED

Company Registration Number:
08032459 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2023

Period of accounts

Start date: 01 May 2022

End date: 30 April 2023

INFINITY LAW LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Notes

INFINITY LAW LIMITED

Balance sheet

As at 30 April 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 19,794 13,857
Tangible assets: 4 108,672 27,854
Total fixed assets: 128,466 41,711
Current assets
Debtors:   2,919,006 2,449,785
Cash at bank and in hand: 397,661 893,754
Total current assets: 3,316,667 3,343,539
Creditors: amounts falling due within one year: 5 (448,222) (634,984)
Net current assets (liabilities): 2,868,445 2,708,555
Total assets less current liabilities: 2,996,911 2,750,266
Creditors: amounts falling due after more than one year: 6 (99,863) (130,263)
Provision for liabilities: (22,837) (7,083)
Total net assets (liabilities): 2,874,211 2,612,920
Capital and reserves
Called up share capital: 20 20
Profit and loss account: 2,874,191 2,612,900
Shareholders funds: 2,874,211 2,612,920

The notes form part of these financial statements

INFINITY LAW LIMITED

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 April 2024
and signed on behalf of the board by:

Name: S Georgiou
Status: Director

The notes form part of these financial statements

INFINITY LAW LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

INFINITY LAW LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

2. Employees

2023 2022
Average number of employees during the period 33 34

INFINITY LAW LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Intangible Assets

Total
Cost £
At 01 May 2022 90,045
Additions 27,430
At 30 April 2023 117,475
Amortisation
At 01 May 2022 76,188
Charge for year 21,493
At 30 April 2023 97,681
Net book value
At 30 April 2023 19,794
At 30 April 2022 13,857

INFINITY LAW LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Tangible Assets

Total
Cost £
At 01 May 2022 75,131
Additions 103,897
At 30 April 2023 179,028
Depreciation
At 01 May 2022 47,277
Charge for year 23,079
At 30 April 2023 70,356
Net book value
At 30 April 2023 108,672
At 30 April 2022 27,854

INFINITY LAW LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Creditors: amounts falling due within one year note

Payroll control, Bank loans and overdrafts, Director's loan accounts, Taxation and social security costs, Other creditors

INFINITY LAW LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

6. Creditors: amounts falling due after more than one year note

Bank loans, Obligations under finance lease and hire purchase contracts

INFINITY LAW LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

7. Loans to directors

Name of director receiving advance or credit: m georgiou
Description of the loan: advance loan
£
Balance at 01 May 2022 75,580
Advances or credits repaid: 38,667
Balance at 30 April 2023 36,913
Name of director receiving advance or credit: S georgiou
Description of the loan: advanced loan
£
Balance at 01 May 2022 122,308
Advances or credits made: 49,854
Balance at 30 April 2023 172,162

INFINITY LAW LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

8. Related party transactions

Other associated companies provided services

INFINITY LAW LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2023

9. Post balance sheet events

Due to change of the Civil Procedure rules its put pressure on existing cases that are potententially negligent or non compliant that can be struck out by the court that would automatically makes the company liable for damages and legal costs.