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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
Page
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Infinity Solutions (ldn) Ltd Company Information for the year ended 29 February 2024
Director
Noreen Iqbal
Company Number
11818504 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ England
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Infinity Solutions (ldn) Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
210,538 
201,200 
Cash at bank and in hand
167,003 
203,406 
377,541 
404,606 
Creditors: amounts falling due within one year
(485,012)
(520,156)
Net current liabilities
(107,471)
(115,550)
Net liabilities
(107,471)
(115,550)
Capital and reserves
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
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Infinity Solutions (ldn) Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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.
Going concern
The accounts are prepared on a going concern basis, which assumes that the company will continue in operational existence for the foreseeable future.
Revenue
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.
Debtors
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.
Creditors
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.
Presentation currency
The accounts are presented in £ sterling.
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Infinity Solutions (ldn) Ltd Notes to the Accounts for the year ended 29 February 2024
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
21,749 
5,470 
Accrued income and prepayments
180,100 
180,100 
Other debtors
8,689 
15,630 
210,538 
201,200 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
269,713 
263,934 
Other creditors
214,949 
255,802 
Accruals
350 
420 
485,012 
520,156 
6
Share capital
2024 
2023 
£ 
£ 
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).
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