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REGISTERED NUMBER: 02838755 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Infobond Limited

Infobond Limited (Registered number: 02838755)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Infobond Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: K Boggis





SECRETARY:





REGISTERED OFFICE: 3 Wellington Park
Excalibur Road
Gorleston
Great Yarmouth
Norfolk
NR31 7BB





REGISTERED NUMBER: 02838755 (England and Wales)





ACCOUNTANTS: Shaw & Co
Chartered Certified Accountants
3 Colegate
Norwich
Norfolk
NR3 1BN

Infobond Limited (Registered number: 02838755)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 24,458 41,484
Tangible assets 5 130,833 50,302
Investments 6 86 -
Investment property 7 217,800 38,755
373,177 130,541

CURRENT ASSETS
Stocks 73,430 51,913
Debtors 8 4,189,688 2,627,170
Cash at bank 1,764,019 2,079,600
6,027,137 4,758,683
CREDITORS
Amounts falling due within one year 9 1,988,736 1,323,209
NET CURRENT ASSETS 4,038,401 3,435,474
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,411,578

3,566,015

PROVISIONS FOR LIABILITIES 76,851 7,887
NET ASSETS 4,334,727 3,558,128

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 4,334,723 3,558,124
4,334,727 3,558,128

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Infobond Limited (Registered number: 02838755)

Balance Sheet - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 April 2025 and were signed by:





K Boggis - Director


Infobond Limited (Registered number: 02838755)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Infobond Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings - 1% straight line
Plant and equipment - 15% reducing balance
Computer equipment - 15% reducing balance
Motor vehicles - 25% reducing balance
Fixtures and fittings - 15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.


Infobond Limited (Registered number: 02838755)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

Infobond Limited (Registered number: 02838755)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023
and 31 July 2024 492,750
AMORTISATION
At 1 August 2023 451,266
Charge for year 17,026
At 31 July 2024 468,292
NET BOOK VALUE
At 31 July 2024 24,458
At 31 July 2023 41,484

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 100,612
Additions 124,067
Disposals (11,876 )
At 31 July 2024 212,803
DEPRECIATION
At 1 August 2023 50,309
Charge for year 36,219
Eliminated on disposal (4,558 )
At 31 July 2024 81,970
NET BOOK VALUE
At 31 July 2024 130,833
At 31 July 2023 50,303

Infobond Limited (Registered number: 02838755)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 86
At 31 July 2024 86
NET BOOK VALUE
At 31 July 2024 86

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 38,755
Revaluations 181,245
At 31 July 2024 220,000
DEPRECIATION
Charge for year 2,200
At 31 July 2024 2,200
NET BOOK VALUE
At 31 July 2024 217,800
At 31 July 2023 38,755

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 181,245
Cost 38,755
220,000

If Investment property had not been revalued it would have been included at the following historical cost:

31.7.24 31.7.23
£    £   
Cost 38,755 38,755
Aggregate depreciation (2,200 ) -

Investment property was valued on a fair value basis on 31 July 2024 by the director .

Infobond Limited (Registered number: 02838755)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 3,840,376 2,578,663
Other debtors 349,312 48,507
4,189,688 2,627,170

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 1,003,001 761,322
Taxation and social security 591,504 362,046
Other creditors 394,231 199,841
1,988,736 1,323,209