Registered number
14747858
Infinite Square Limited
Report and Accounts
31 March 2024
Infinite Square Limited
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Accountants' report 3
Profit and loss account 4
Balance sheet 5
Notes to the accounts 6
Infinite Square Limited
Company Information
Directors
Adit Rajeshkumar Pipalva
Accountants
Acctax Direct LLP
Boundary House
Cricket Field Road
Uxbridge
Middlesex
UB8 1QG
Registered office
63-66 Hatton Garden
5th Floor, Suite 23
London
EC1N 8LE
Registered number
14747858
Infinite Square Limited
Registered number: 14747858
Directors' Report
The directors present their report and accounts for the period ended 31 March 2024.
Principal activities
The company's principal activity during the year continued to be …
Directors
The following persons served as directors during the period:
Adit Rajeshkumar Pipalva
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 20 September 2024 and signed on its behalf.
Adit Rajeshkumar Pipalva
Director
Infinite Square Limited
Report to the directors on the preparation of the unaudited statutory accounts of Infinite Square Limited for the period ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Infinite Square Limited for the period ended 31 March 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Acctax Direct LLP
Chartered Certified Accountants
Boundary House
Cricket Field Road
Uxbridge
Middlesex
UB8 1QG
20 September 2024
Infinite Square Limited
Profit and Loss Account
for the period from 22 March 2023 to 31 March 2024
2024
£
Turnover 159,429
Cost of sales (155,847)
Gross profit 3,582
Administrative expenses (48,599)
Other operating income 899
Operating loss (44,118)
Loss before taxation (44,118)
Tax on loss -
Loss for the period (44,118)
Infinite Square Limited
Registered number: 14747858
Balance Sheet
as at 31 March 2024
Notes 2024
£
Current assets
Stocks 12,928
Cash at bank and in hand 204,154
217,082
Creditors: amounts falling due within one year 3 (1,200)
Net current assets 215,882
Net assets 215,882
Capital and reserves
Called up share capital 260,000
Profit and loss account (44,118)
Shareholders' funds 215,882
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Adit Rajeshkumar Pipalva
Director
Approved by the board on 20 September 2024
Infinite Square Limited
Notes to the Accounts
for the period from 22 March 2023 to 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Creditors: amounts falling due within one year 2024
£
Other creditors 1,200
4 Other information
Infinite Square Limited is a private company limited by shares and incorporated in England. Its registered office is:
63-66 Hatton Garden
5th Floor, Suite 23
London
EC1N 8LE
Infinite Square Limited
Detailed profit and loss account
for the period from 22 March 2023 to 31 March 2024
This schedule does not form part of the statutory accounts
2024
£
Sales 159,429
Cost of sales (155,847)
Gross profit 3,582
Administrative expenses (48,599)
Other operating income 899
Operating loss (44,118)
Loss before tax (44,118)
Infinite Square Limited
Detailed profit and loss account
for the period from 22 March 2023 to 31 March 2024
This schedule does not form part of the statutory accounts
2024
£
Sales
Sales 159,429
Cost of sales
Purchases 153,526
Other direct costs 2,321
155,847
Administrative expenses
Employee costs:
Entertaining 3,219
3,219
General administrative expenses:
Telephone and internet 576
Stationery and printing 347
Information and publications 106
Bank charges 201
Equipment expensed 1,149
2,379
Legal and professional costs:
Accountancy fees 1,200
Other legal and professional 41,801
43,001
48,599
Other operating income
Other operating income 899
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