Infortec Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04225125 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2019

FOR

INFORTEC LTD

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

950

1,320

CURRENT ASSETS

Debtors

5

16,560

10,490

Cash at bank

401,524

382,501

418,084

392,991

CREDITORS

Amounts falling due within one year

6

(24,161

)

(30,852

)

NET CURRENT ASSETS

393,923

362,139

TOTAL ASSETS LESS CURRENT LIABILITIES

394,873

363,459

PROVISIONS FOR LIABILITIES

(181

)

(251

)

NET ASSETS

394,692

363,208

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

394,690

363,206

SHAREHOLDERS' FUNDS

394,692

363,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 16 August 2019 and were signed by:

S Mohmed - Director

1.	STATUTORY INFORMATION

Infortec Ltd is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address are as below:

Registered number:

04225125

Registered office:

6th Floor

49 Peter Street

Manchester

Greater Manchester

M2 3NG

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

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 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 June 2018

and 31 May 2019

1,962

1,084

3,046

DEPRECIATION

At 1 June 2018

1,568

158

1,726

Charge for year

99

271

370

At 31 May 2019

1,667

429

2,096

NET BOOK VALUE

At 31 May 2019

295

655

950

At 31 May 2018

394

926

1,320

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

16,560

10,490

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Tax

15,343

22,212

Social security and other taxes

6,772

6,409

Directors' current accounts

1,135

1,331

Accrued expenses

911

900

24,161

30,852

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

2

Ordinary

2

2

2