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Company Registration No. 6768768 (England and Wales)
Infinity Wealth Management (Estate Protection) Ltd Unaudited accounts for the year ended 31 December 2023
Infinity Wealth Management (Estate Protection) Ltd Unaudited accounts Contents
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Infinity Wealth Management (Estate Protection) Ltd Company Information for the year ended 31 December 2023
Directors
S D Gough J R Bull
Company Number
6768768 (England and Wales)
Registered Office
28 Terminus Road Sheffield S7 2LH United Kingdom
Accountants
HART SIMPSON 65 Ward Street New Tupton Chesterfield Derbyshire S42 6XR
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Infinity Wealth Management (Estate Protection) Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
700 
130,017 
Current assets
Debtors
50,000 
59,334 
Cash at bank and in hand
2,015 
2,600 
52,015 
61,934 
Creditors: amounts falling due within one year
(82,581)
(180,944)
Net current liabilities
(30,566)
(119,010)
Net (liabilities)/assets
(29,866)
11,007 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(29,868)
11,005 
Shareholders' funds
(29,866)
11,007 
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 directors acknowledge their 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 of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by
S D Gough Director Company Registration No. 6768768
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Infinity Wealth Management (Estate Protection) Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Infinity Wealth Management (Estate Protection) Ltd is a private company, limited by shares, registered in England and Wales, registration number 6768768. The registered office is 28 Terminus Road, Sheffield, S7 2LH, 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.
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:
Motor vehicles
5%
Fixtures & fittings
15%
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
135,994 
7,303 
143,297 
Disposals
(135,994)
- 
(135,994)
At 31 December 2023
- 
7,303 
7,303 
Depreciation
At 1 January 2023
6,800 
6,480 
13,280 
Charge for the year
- 
123 
123 
On disposals
(6,800)
- 
(6,800)
At 31 December 2023
- 
6,603 
6,603 
Net book value
At 31 December 2023
- 
700 
700 
At 31 December 2022
129,194 
823 
130,017 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
50,000 
59,334 
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Infinity Wealth Management (Estate Protection) Ltd Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
74,832 
82,003 
Obligations under finance leases and hire purchase contracts
- 
96,742 
Loans from directors
7,749 
2,199 
82,581 
180,944 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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