Registered number
NI623098
INFOSECSERVICES LIMITED
Filleted Accounts
29 February 2024
SAUNDERS & RICHARD LTD
Chartered Certified Accountants
187 WOODHOUSE ROAD
NORTH FINCHLEY
LONDON
N12 9AY
15396A-9
INFOSECSERVICES LIMITED
Registered number: NI623098
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 19,861 28,329
Current assets
Debtors 4 - 27,000
Cash at bank and in hand 152,625 94,177
152,625 121,177
Creditors: amounts falling due within one year 5 (60,091) (60,133)
Net current assets 92,534 61,044
Total assets less current liabilities 112,395 89,373
Creditors: amounts falling due after more than one year 6 (15,177) (21,670)
Provisions for liabilities (3,972) (5,383)
Net assets 93,246 62,320
Capital and reserves
Called up share capital 1 1
Profit and loss account 93,245 62,319
Shareholder's funds 93,246 62,320
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr. D Doherty
Director
Approved by the board on 26 September 2024
INFOSECSERVICES LIMITED
Notes to the Accounts
for the year ended 29 February 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicle 25% p.a on straight line
Fixtures, fittings and equipment 20% p.a on straight line
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures, Fittings & Equipment Motor vehicle Total
£ £ £
Cost
At 1 March 2023 6,885 34,028 40,913
Additions 1,211 - 1,211
At 29 February 2024 8,096 34,028 42,124
Depreciation
At 1 March 2023 4,077 8,507 12,584
Charge for the year 1,172 8,507 9,679
At 29 February 2024 5,249 17,014 22,263
Net book value
At 29 February 2024 2,847 17,014 19,861
At 28 February 2023 2,808 25,521 28,329
4 Debtors 2024 2023
£ £
Trade debtors - 27,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 58,241 57,973
Other creditors 1,850 2,160
60,091 60,133
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,177 21,670
7 Controlling party
The company is controlled by D Doherty by virtue of having ownership of 100% of the issued ordinary share capital in the company.
8 Other information
INFOSECSERVICES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
17 ROCK HILL
DONAGHADEE
NORTHERN IRELAND
BT21 0FB
INFOSECSERVICES LIMITED NI623098 false 2023-03-01 2024-02-29 2024-02-29 VT Final Accounts July 2024 Mr. D Doherty No description of principal activity NI623098 2022-03-01 2023-02-28 NI623098 core:WithinOneYear 2023-02-28 NI623098 core:AfterOneYear 2023-02-28 NI623098 core:ShareCapital 2023-02-28 NI623098 core:RetainedEarningsAccumulatedLosses 2023-02-28 NI623098 2023-03-01 2024-02-29 NI623098 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 NI623098 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 NI623098 bus:Director40 2023-03-01 2024-02-29 NI623098 1 2023-03-01 2024-02-29 NI623098 2 2023-03-01 2024-02-29 NI623098 core:PlantMachinery 2023-03-01 2024-02-29 NI623098 core:Vehicles 2023-03-01 2024-02-29 NI623098 countries:England 2023-03-01 2024-02-29 NI623098 bus:FRS102 2023-03-01 2024-02-29 NI623098 bus:FilletedAccounts 2023-03-01 2024-02-29 NI623098 2024-02-29 NI623098 core:WithinOneYear 2024-02-29 NI623098 core:AfterOneYear 2024-02-29 NI623098 core:ShareCapital 2024-02-29 NI623098 core:RetainedEarningsAccumulatedLosses 2024-02-29 NI623098 core:PlantMachinery 2024-02-29 NI623098 core:Vehicles 2024-02-29 NI623098 2023-02-28 NI623098 core:PlantMachinery 2023-02-28 NI623098 core:Vehicles 2023-02-28 iso4217:GBP xbrli:pure