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REGISTERED NUMBER: 03496036 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

INFONOTE DATASYSTEMS LIMITED

INFONOTE DATASYSTEMS LIMITED (REGISTERED NUMBER: 03496036)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INFONOTE DATASYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: P E Whelan
A M Rutter
J M Woodford





SECRETARY: J M Woodford





REGISTERED OFFICE: Britannia House
Fernie Road
Market Harborough
Leicestershire
LE16 7PH





REGISTERED NUMBER: 03496036 (England and Wales)





ACCOUNTANTS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

INFONOTE DATASYSTEMS LIMITED (REGISTERED NUMBER: 03496036)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,726 7,465

CURRENT ASSETS
Debtors 5 320,121 49,208
Cash at bank 542,836 596,701
862,957 645,909
CREDITORS
Amounts falling due within one year 6 415,019 175,596
NET CURRENT ASSETS 447,938 470,313
TOTAL ASSETS LESS CURRENT LIABILITIES 462,664 477,778

CAPITAL AND RESERVES
Called up share capital 1,600 1,600
Capital redemption reserve 200 200
Retained earnings 460,864 475,978
462,664 477,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:




P E Whelan - Director



A M Rutter - Director


INFONOTE DATASYSTEMS LIMITED (REGISTERED NUMBER: 03496036)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Infonote Datasystems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

INFONOTE DATASYSTEMS LIMITED (REGISTERED NUMBER: 03496036)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 13,767 3,662 17,429
Additions - 11,162 11,162
At 31 December 2023 13,767 14,824 28,591
DEPRECIATION
At 1 January 2023 9,438 526 9,964
Charge for year 1,082 2,819 3,901
At 31 December 2023 10,520 3,345 13,865
NET BOOK VALUE
At 31 December 2023 3,247 11,479 14,726
At 31 December 2022 4,329 3,136 7,465

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 308,321 49,208
Other debtors 11,800 -
320,121 49,208

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 516 516
Taxation and social security 146,413 97,658
Other creditors 268,090 77,422
415,019 175,596

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
P E Whelan
Balance outstanding at start of year (8,000 ) (8,000 )
Amounts advanced 19,800 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,800 (8,000 )

INFONOTE DATASYSTEMS LIMITED (REGISTERED NUMBER: 03496036)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. RELATED PARTY DISCLOSURES

Within other debtors is a loan to a director of £11,800 (2022 - £nil).

Within other creditors is a loan from the directors of £27,500 (2022 £35,500). This loan is interest free and repayable on demand.