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Company Registration No. 11847290 (England and Wales)
Infraspeak Ltd Unaudited accounts for the year ended 31 December 2024
Infraspeak Ltd Unaudited accounts Contents
Page
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Infraspeak Ltd Company Information for the year ended 31 December 2024
Directors
Felipe Ávila Da Costa Luis Carlos Silva Veiga Martins
Company Number
11847290 (England and Wales)
Registered Office
82 Great Eastern Street Work.Life Old Street - Rivington House London EC2A 3JF United Kingdom
Accountants
The Accountancy Cloud 1 Fore Street Avenue London EC2Y 9DT
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Infraspeak Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
907 
2,518 
Current assets
Debtors
43,038 
1,349 
Cash at bank and in hand
15,882 
6,290 
58,920 
7,639 
Creditors: amounts falling due within one year
(974,835)
(925,802)
Net current liabilities
(915,915)
(918,163)
Total assets less current liabilities
(915,008)
(915,645)
Provisions for liabilities
Deferred tax
(172)
(530)
Net liabilities
(915,180)
(916,175)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(915,181)
(916,176)
Shareholders' funds
(915,180)
(916,175)
For the year ending 31 December 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 17 March 2025 and were signed on its behalf by
Felipe Ávila Da Costa Director Company Registration No. 11847290
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Infraspeak Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Infraspeak Ltd is a private company, limited by shares, registered in England and Wales, registration number 11847290. The registered office is 82 Great Eastern Street, Work.Life Old Street - Rivington House, London, EC2A 3JF, United Kingdom.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% Straight Line
Computer equipment
33.33% Straight Line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Going concern
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Infraspeak Ltd Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
826 
6,903 
7,729 
Disposals
(428)
- 
(428)
At 31 December 2024
398 
6,903 
7,301 
Depreciation
At 1 January 2024
166 
5,045 
5,211 
Charge for the year
145 
1,216 
1,361 
On disposals
(178)
- 
(178)
At 31 December 2024
133 
6,261 
6,394 
Net book value
At 31 December 2024
265 
642 
907 
At 31 December 2023
660 
1,858 
2,518 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
938 
1,349 
Trade debtors
42,100 
- 
43,038 
1,349 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
138,180 
10,069 
Amounts owed to group undertakings and other participating interests
833,597 
913,871 
Taxes and social security
907 
(314)
Other creditors
2,151 
2,176 
974,835 
925,802 
7
Transactions with related parties
At 31 December 2024, the Company owed £1,668,985 to Infraspeak S.A. (2023: £913,871).
8
Controlling party
Infraspeak Ltd is a wholly owned (100%) subsidiary of Infraspeak S.A. (PT) 283 Rua Do Heroismo, Arm. 1, Fracao D, Porto, Portugal, 4300-259
9
Average number of employees
During the year the average number of employees was 8 (2023: 5).
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