Acorah Software Products - Accounts Production 16.2.850 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 10206158 Mr D Bhatnagar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10206158 2023-05-31 10206158 2024-05-31 10206158 2023-06-01 2024-05-31 10206158 frs-core:CurrentFinancialInstruments 2024-05-31 10206158 frs-core:Non-currentFinancialInstruments 2024-05-31 10206158 frs-core:ShareCapital 2024-05-31 10206158 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 10206158 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10206158 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 10206158 frs-bus:SmallEntities 2023-06-01 2024-05-31 10206158 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 10206158 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10206158 frs-bus:Director1 2023-06-01 2024-05-31 10206158 frs-countries:EnglandWales 2023-06-01 2024-05-31 10206158 2022-05-31 10206158 2023-05-31 10206158 2022-06-01 2023-05-31 10206158 frs-core:CurrentFinancialInstruments 2023-05-31 10206158 frs-core:Non-currentFinancialInstruments 2023-05-31 10206158 frs-core:ShareCapital 2023-05-31 10206158 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 10206158
Infinitum Capital Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Goldwyns London LLP
Contents
Page
Statement of Financial Position 1
Notes to the Financial Statements 2—3
Page 1
Statement of Financial Position
Registered number: 10206158
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 5,000 5,000
Cash at bank and in hand 14,145 36,434
19,145 41,434
Creditors: Amounts Falling Due Within One Year 5 (69,766 ) (80,966 )
NET CURRENT ASSETS (LIABILITIES) (50,621 ) (39,532 )
TOTAL ASSETS LESS CURRENT LIABILITIES (50,621 ) (39,532 )
Creditors: Amounts Falling Due After More Than One Year 6 (10,274 ) (18,845 )
NET LIABILITIES (60,895 ) (58,377 )
CAPITAL AND RESERVES
Called up share capital 7 1 1
Income Statement (60,896 ) (58,378 )
SHAREHOLDERS' FUNDS (60,895) (58,377)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr D Bhatnagar
Director
27/02/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Infinitum Capital Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10206158 . The registered office is C/O Goldwyns London LLP, No.1 Royal Exchange, London, EC3V 3DG.

2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting polices adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.
2.5. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
Government Assistance
The company received assistance in the form of a government backed loan (including Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS), Bounce Back Loan Scheme (BBLS) and Future Fund Scheme) and the closing balance of this loan as at the year end date is £27,205. This is reported in the current and long term liabilities of the balance sheet based on the allocation of payments due within 12 months and greater than 12 months.
2.6. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, creditors loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
2.7. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Page 2
Page 3
2.8. Critical Accounting judgements and key sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.

The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.

The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

Accrued Expenditure

The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Debtors
2024 2023
£ £
Due within one year
Other debtors - Cub Call Limited 5,000 5,000
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 8,572 8,360
Other creditors - Bower Cotton Hamilton LLP 5,000 5,000
Accruals and deferred income 2,400 2,400
Director's loan account 53,794 65,206
69,766 80,966
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 10,274 18,845
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
The nominal value per share is £1 and there is 1 Ordinary share in issue.
8. Related Party Transactions
As at the year end the Directors loan account balance is £53,794, this is a current liability, is interest free and repayable on demand.
Page 3