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Registered Number: 09775887


 

 

 

INFINITE PI LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
Director Somitra Jain
Registered Number 09775887
Registered Office 1 Mapperton Close
Westcroft
Milton Keynes
England
MK4 4FF
Accountants CBS Associates (UK) Ltd
Ace House
22 Chester Road
Sutton Coldfield
England
B73 5DA
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 August 2024.
Principal activities
Principal activity of the company during the financial year was of providing IT Consultancy.
Director
The director who served the company throughout the year was as follows:
Somitra Jain
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Somitra Jain
Director

Date approved: 23 May 2025
2
 
 
Notes
 
2024
£
  2023
£
Current assets      
Debtors 3 206,368    182,357 
Cash at bank and in hand 49,243    82,864 
255,611    265,221 
Creditors: amount falling due within one year 4 (46,767)   (53,488)
Net current assets 208,844    211,733 
 
Total assets less current liabilities 208,844    211,733 
Creditors: amount falling due after more than one year 5 (30,713)   (12,353)
Net assets 178,131    199,380 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 178,031    199,280 
Shareholders' funds 178,131    199,380 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 23 May 2025 and were signed by:


-------------------------------
Somitra Jain
Director
3
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 September 2022 100  184,665  184,765 
Profit for the year 114,615  114,615 
Total comprehensive income for the year 114,615  114,615 
Dividends (100,000) (100,000)
Total investments by and distributions to owners (100,000) (100,000)
At 31 August 2023 100  199,280  199,380 
At 01 September 2023 100  199,280  199,380 
Profit for the year 78,751  78,751 
Total comprehensive income for the year 78,751  78,751 
Dividends (100,000) (100,000)
Total investments by and distributions to owners (100,000) (100,000)
At 31 August 2024 100  178,031  178,131 
4
General Information
Infinite PI Ltd is a private company, limited by shares, registered in , registration number 09775887, registration address 1 Mapperton Close, Westcroft, Milton Keynes, England, MK4 4FF.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 47,997    23,266 
47,997    23,266 

3.

Debtors: amounts falling due after one year

2024
£
  2023
£
Other Debtors Infinite PI Investment 158,371    159,091 
158,371    159,091 

4.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 100    916 
Corporation Tax 23,235    30,717 
PAYE & Social Security   84 
Other Creditors 1   
Wages & Salaries Control Account 1,125   
Directors' Current Accounts 6,589    10,127 
VAT 15,717    11,644 
46,767    53,488 

5.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Other Creditors - Infinite PI Holding 30,713    12,353 
30,713    12,353 

5