Company Registration No. SC540084 (Scotland)
INFINITYSECONDHANDCLOTHES LIMITED
Unaudited accounts
for the year ended 31 July 2021
INFINITYSECONDHANDCLOTHES LIMITED
Unaudited accounts
Contents
INFINITYSECONDHANDCLOTHES LIMITED
Company Information
for the year ended 31 July 2021
Directors
Andrius Suopys
Mindaugas Vaicaitis
Company Number
SC540084 (Scotland)
Registered Office
21 CUMMINGS PARK DRIVE
ABERDEEN
ABERDEENSHIRE
AB16 7BL
SCOTLAND
Accountants
Eurofirma Ltd
59 Devons Road
London
E3 3DW
INFINITYSECONDHANDCLOTHES LIMITED
Statement of financial position
as at
31 July 2021
Tangible assets
12,411
15,135
Inventories
52,012
10,234
Cash at bank and in hand
16,052
7,013
Creditors: amounts falling due within one year
(81,312)
(41,919)
Net current liabilities
(9,674)
(15,135)
Profit and loss account
2,737
-
Shareholders' funds
2,737
-
For the year ending 31 July 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 March 2022 and were signed on its behalf by
Andrius Suopys
Director
Company Registration No. SC540084
INFINITYSECONDHANDCLOTHES LIMITED
Notes to the Accounts
for the year ended 31 July 2021
INFINITYSECONDHANDCLOTHES LIMITED is a private company, limited by shares, registered in Scotland, registration number SC540084. The registered office is 21 CUMMINGS PARK DRIVE, ABERDEEN, ABERDEENSHIRE, AB16 7BL, SCOTLAND.
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:
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Charge for the year
2,724
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
3,457
-
INFINITYSECONDHANDCLOTHES LIMITED
Notes to the Accounts
for the year ended 31 July 2021
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
189
2,440
Taxes and social security
1,720
12,209
Loans from directors
79,403
27,270
7
Average number of employees
During the year the average number of employees was 14 (2020: 11).