Company Registration No. NI624151 (Northern Ireland)
Inflyte Limited
Unaudited accounts
for the year ended 30 April 2024
Inflyte Limited
Unaudited accounts
Contents
Inflyte Limited
Company Information
for the year ended 30 April 2024
Directors
Paul Hamill
Paul McConnon
Company Number
NI624151 (Northern Ireland)
Registered Office
THE MOUNT BUSINESS CENTRE
2 WOODSTOCK LINK
BELFAST
BT6 8DD
NORTHERN IRELAND
Accountants
Nuvem 9 Ltd
The Mount Business Centre
Woodstock Link
Belfast
County Antrim
BT6 8DD
Inflyte Limited
Statement of financial position
as at 30 April 2024
Tangible assets
13,890
4,951
Cash at bank and in hand
345,552
257,476
Creditors: amounts falling due within one year
(52,372)
(42,421)
Net current assets
321,552
227,143
Total assets less current liabilities
335,442
232,094
Creditors: amounts falling due after more than one year
-
(8,615)
Net assets
335,442
223,479
Called up share capital
10
10
Profit and loss account
335,432
223,469
Shareholders' funds
335,442
223,479
For the year ending 30 April 2024 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 15 January 2025 and were signed on its behalf by
Paul Hamill
Director
Company Registration No. NI624151
Inflyte Limited
Notes to the Accounts
for the year ended 30 April 2024
Inflyte Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI624151. The registered office is THE MOUNT BUSINESS CENTRE, 2 WOODSTOCK LINK, BELFAST, BT6 8DD, NORTHERN IRELAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
4,058
648
8,358
13,064
Additions
-
3,225
8,344
11,569
At 30 April 2024
4,058
3,873
16,702
24,633
At 1 May 2023
1,924
551
5,638
8,113
Charge for the year
406
205
2,019
2,630
At 30 April 2024
2,330
756
7,657
10,743
At 30 April 2024
1,728
3,117
9,045
13,890
At 30 April 2023
2,134
97
2,720
4,951
Inflyte Limited
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
14,760
6,656
Accrued income and prepayments
4,205
942
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
17,468
Trade creditors
1,053
1,811
Taxes and social security
40,323
12,095
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).