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Company Registration No. 11842405 (England and Wales)
InFiMo Ltd Unaudited accounts for the year ended 31 December 2023
InFiMo Ltd Unaudited accounts Contents
Page
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InFiMo Ltd Company Information for the year ended 31 December 2023
Director
M Roach
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
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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
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InFiMo Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
147 
359 
Current assets
Debtors
15,606 
15,606 
Cash at bank and in hand
67,090 
84,116 
82,696 
99,722 
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)
Net assets
1,024 
2,314 
Capital and reserves
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
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InFiMo Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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 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.
Pension costs
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
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
Leased assets
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.
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InFiMo Ltd Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
1,851 
At 31 December 2023
1,851 
Depreciation
At 1 January 2023
1,492 
Charge for the year
212 
At 31 December 2023
1,704 
Net book value
At 31 December 2023
147 
At 31 December 2022
359 
5
Debtors
2023 
2022 
£ 
£ 
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 
Trade creditors
970 
193 
Taxes and social security
7,490 
8,557 
Other creditors
44,066 
49,724 
Accruals
960 
960 
63,486 
69,434 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
18,333 
28,333 
8
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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