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Company Registration No. NI624151 (Northern Ireland)
Inflyte Limited Unaudited accounts for the year ended 30 April 2024
Inflyte Limited Unaudited accounts Contents
Page
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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
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Inflyte Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,890 
4,951 
Current assets
Debtors
28,372 
12,088 
Cash at bank and in hand
345,552 
257,476 
373,924 
269,564 
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 
Capital and reserves
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
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Inflyte Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
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.
Turnover
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:
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
33.33%
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 
Depreciation
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 
Net book value
At 30 April 2024
1,728 
3,117 
9,045 
13,890 
At 30 April 2023
2,134 
97 
2,720 
4,951 
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Inflyte Limited Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
14,760 
6,656 
Accrued income and prepayments
4,205 
942 
Other debtors
9,407 
4,490 
28,372 
12,088 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
17,468 
VAT
10,996 
10,987 
Trade creditors
1,053 
1,811 
Taxes and social security
40,323 
12,095 
Other creditors
- 
60 
52,372 
42,421 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
8,615 
8
Share capital
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).
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