Company Registration No. 10166793 (England and Wales)
Infinite Wealth Group Limited
Unaudited accounts
for the year ended 31 May 2023
Infinite Wealth Group Limited
Unaudited accounts
Contents
Infinite Wealth Group Limited
Company Information
for the year ended 31 May 2023
Directors
Mr D Fox
Mrs C Fox
Company Number
10166793 (England and Wales)
Registered Office
Business Central
2 Union Square, Central Park
Darlington
County Durham
DL1 1GL
United Kingdom
Accountants
Lyons Watson Accountants
Business Central
2 Union Square
Darlington
Co Durham
DL1 1GL
Infinite Wealth Group Limited
Statement of financial position
as at 31 May 2023
Tangible assets
2,394
2,992
Cash at bank and in hand
1,048
1,539
Creditors: amounts falling due within one year
(36,133)
(28,979)
Net current liabilities
(33,909)
(21,798)
Total assets less current liabilities
(30,836)
(17,966)
Creditors: amounts falling due after more than one year
(9,771)
(10,792)
Provisions for liabilities
Net liabilities
(40,607)
(29,326)
Called up share capital
100
100
Profit and loss account
(40,707)
(29,426)
Shareholders' funds
(40,607)
(29,326)
For the year ending 31 May 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 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 the year in accordance with Section 444(2A).
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 19 January 2024 and were signed on its behalf by
Mr D Fox
Director
Company Registration No. 10166793
Infinite Wealth Group Limited
Notes to the Accounts
for the year ended 31 May 2023
Infinite Wealth Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10166793. The registered office is Business Central, 2 Union Square, Central Park, Darlington, County Durham, DL1 1GL, United Kingdom.
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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:
Fixtures & fittings
20% Reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Total
Infinite Wealth Group Limited
Notes to the Accounts
for the year ended 31 May 2023
5
Tangible fixed assets
Total
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).