Company Registration No. 03105579 (England and Wales)
Infinity Developments Limited
Unaudited accounts
for the year ended 30 June 2021
Infinity Developments Limited
Unaudited accounts
Contents
Infinity Developments Limited
Company Information
for the year ended 30 June 2021
Directors
Mr Simon Davies
Mr Timothy Davies
Mr Steven Glendinning
Company Number
03105579 (England and Wales)
Registered Office
DAVIES HOUSE
FLINT ROAD
LETCHWORTH
HERTFORDSHIRE
SG6 1HJ
UNITED KINGDOM
Accountants
Lighthouse Accountancy Limited
44a North Road
Great Abington
Cambridge
CB21 6AS
Infinity Developments Limited
Statement of financial position
as at
30 June 2021
Intangible assets
600
1,200
Tangible assets
542,273
18,106
Cash at bank and in hand
58,965
131,544
Creditors: amounts falling due within one year
(292,288)
(356,495)
Net current assets
162,088
112,460
Total assets less current liabilities
704,961
131,766
Provisions for liabilities
Other provisions
(4,207)
(3,037)
Net assets
700,754
128,729
Called up share capital
1,002
1,002
Revaluation reserve
518,390
-
Profit and loss account
181,362
127,727
Shareholders' funds
700,754
128,729
For the year ending 30 June 2021 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 8 February 2022 and were signed on its behalf by
Mr Timothy Davies
Director
Company Registration No. 03105579
Infinity Developments Limited
Notes to the Accounts
for the year ended 30 June 2021
Infinity Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 03105579. The registered office is DAVIES HOUSE, FLINT ROAD, LETCHWORTH, HERTFORDSHIRE, SG6 1HJ, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
Over five years
Computer equipment
Over three years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Infinity Developments Limited
Notes to the Accounts
for the year ended 30 June 2021
5
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At valuation
Charge for the year
12,188
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
347,916
311,145
Other debtors
47,495
26,266
7
Creditors: amounts falling due within one year
2021
2020
Trade creditors
166,103
121,248
Taxes and social security
65,581
137,044
Other creditors
60,604
98,203
8
Average number of employees
During the year the average number of employees was 12 (2020: 10).