Company Registration No. 11842405 (England and Wales)
InFiMo Ltd
Unaudited accounts
for the year ended 31 December 2023
InFiMo Ltd
Company Information
for the year ended 31 December 2023
Company Number
11842405 (England and Wales)
Registered Office
SUITE 9/10 HOMES HOUSE
253 COWBRIDGE ROAD WEST
CARDIFF
CF5 5TD
UNITED KINGDOM
Accountants
STAS Ltd
253 Cowbridge Road West
Cardiff
CF5 5TD
InFiMo Ltd
Accountants' report
Accountants' report to the director of InFiMo Ltd on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
InFiMo Ltd for the year ended
31 December 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of InFiMo Ltd, as a body, in accordance with the terms of our engagement letter dated 28 June 2022. Our work has been undertaken solely to prepare for your approval the accounts of InFiMo Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than InFiMo Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that InFiMo Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of InFiMo Ltd. You consider that InFiMo Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of InFiMo Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
STAS Ltd
253 Cowbridge Road West
Cardiff
CF5 5TD
8 February 2024
InFiMo Ltd
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
67,090
84,116
Creditors: amounts falling due within one year
(63,486)
(69,434)
Net current assets
19,210
30,288
Total assets less current liabilities
19,357
30,647
Creditors: amounts falling due after more than one year
(18,333)
(28,333)
Called up share capital
90
90
Profit and loss account
934
2,224
Shareholders' funds
1,024
2,314
For the year ending 31 December 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 8 February 2024 and were signed on its behalf by
M Roach
Director
Company Registration No. 11842405
InFiMo Ltd
Notes to the Accounts
for the year ended 31 December 2023
InFiMo Ltd is a private company, limited by shares, registered in England and Wales, registration number 11842405. The registered office is SUITE 9/10 HOMES HOUSE, 253 COWBRIDGE ROAD WEST, CARDIFF, CF5 5TD, UNITED KINGDOM.
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.
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.
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 provision of services is recognised by reference to the stage of completion of the contract.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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
3 years
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
InFiMo Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Other debtors
15,606
15,606
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Taxes and social security
7,490
8,557
Other creditors
44,066
49,724
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 8 (2022: 8).