Registration number:
trading as
Unaudited Abbreviated Accounts
for the Year Ended
Infinity Developments Limited
trading as Idnet
Contents
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Infinity Developments Limited
trading as Idnet
(Registration number: 03105579)
Abbreviated Balance Sheet at 30 June 2016
Note |
2016
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2015
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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1
Infinity Developments Limited
trading as Idnet
(Registration number: 03105579)
Abbreviated Balance Sheet at 30 June 2016
......... continued
Approved by the Board on
.........................................
Mr Simon Nicholas Davies
Director
.........................................
Mr Timothy James Davies
Director
2
Infinity Developments Limited
trading as Idnet
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Asset class |
Depreciation method and rate |
Computer equipment |
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Fixtures and fittings |
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Motor Vehicles |
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Hire purchase and leasing
Financial instruments
Infinity Developments Limited
trading as Idnet
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued
Pensions
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 July 2015 |
6,000 |
315,846 |
321,846 |
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Additions |
- |
7,867 |
7,867 |
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Disposals |
- |
(76,814) |
(76,814) |
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At 30 June 2016 |
6,000 |
246,899 |
252,899 |
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Depreciation |
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At 1 July 2015 |
1,800 |
291,295 |
293,095 |
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Charge for the year |
600 |
17,455 |
18,055 |
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Eliminated on disposals |
- |
(74,487) |
(74,487) |
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At 30 June 2016 |
2,400 |
234,263 |
236,663 |
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Net book value |
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At 30 June 2016 |
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At 30 June 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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