Company Registration No. 11818504 (England and Wales)
Infinity Solutions (ldn) Ltd
Amended unaudited accounts
for the year ended 29 February 2024
Infinity Solutions (ldn) Ltd
Amended unaudited accounts
Contents
Infinity Solutions (ldn) Ltd
Company Information
for the year ended 29 February 2024
Company Number
11818504 (England and Wales)
Registered Office
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
England
Infinity Solutions (ldn) Ltd
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
167,003
203,406
Creditors: amounts falling due within one year
(485,012)
(520,156)
Net current liabilities
(107,471)
(115,550)
Net liabilities
(107,471)
(115,550)
Called up share capital
1
1
Profit and loss account
(107,472)
(115,551)
Shareholders' funds
(107,471)
(115,550)
For the year ending 29 February 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 director acknowledges her 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 and authorised for issue on 15 January 2025 and were signed on its behalf by
Noreen Iqbal
Director
Company Registration No. 11818504
Infinity Solutions (ldn) Ltd
Notes to the Accounts
for the year ended 29 February 2024
Infinity Solutions (ldn) Ltd is a private company, limited by shares, registered in England and Wales, registration number 11818504. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, England.
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 prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The accounts are presented in £ sterling.
Infinity Solutions (ldn) Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Accrued income and prepayments
180,100
180,100
Other debtors
8,689
15,630
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
269,713
263,934
Other creditors
214,949
255,802
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).