Registered number
06594513
Infection Matters Limited
Filleted Accounts
31 May 2024
Infection Matters Limited
Registered number: 06594513
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 29,746 37,876
Current assets
Debtors 4 38,659 19,532
Cash at bank and in hand 68,116 82,187
106,775 101,719
Creditors: amounts falling due within one year 5 (20,207) (15,505)
Net current assets 86,568 86,214
Total assets less current liabilities 116,314 124,090
Creditors: amounts falling due after more than one year 6 (16,514) (24,475)
Net assets 99,800 99,615
Capital and reserves
Called up share capital 100 100
Profit and loss account 99,700 99,515
Shareholders' funds 99,800 99,615
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
James Macdonald
Director
Approved by the board on 17 February 2025
Infection Matters Limited
Notes to the Accounts
for the year ended 31 May 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 Vehicles 25% Reducing balance
Plant and machinery 33% Reducing balance
Fixtures, fittings, tools and equipment 15% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 7,549 9,643 54,150 71,342
Additions 1,099 - - 1,099
At 31 May 2024 8,648 9,643 54,150 72,441
Depreciation
At 1 June 2023 3,978 9,548 19,940 33,466
Charge for the year 646 31 8,552 9,229
At 31 May 2024 4,624 9,579 28,492 42,695
Net book value
At 31 May 2024 4,024 64 25,658 29,746
At 31 May 2023 3,571 95 34,210 37,876
4 Debtors 2024 2023
£ £
Trade debtors 22,028 18,841
Other debtors 16,631 691
38,659 19,532
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,160 2,040
Amounts owed to group undertakings and undertakings in which the company has a participating interest 3,333 -
Taxation and social security costs 11,939 11,465
Other creditors 2,775 2,000
20,207 15,505
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 16,514 24,475
7 Other information
Infection Matters Limited is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
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