Infinite Horizon Computer Technology Limited 30/04/2018 iXBRL
Infinite Horizon Computer Technology Limited 30/04/2018 iXBRL
Company registration number:
03981844
Unaudited filleted financial statements
INFINITE HORIZON COMPUTER TECHNOLOGY LIMITED
Contents
Statement of financial position
Notes to the financial statements
INFINITE HORIZON COMPUTER TECHNOLOGY LIMITED
STATEMENT OF FINANCIAL POSITION
30 APRIL 2018
2018 | 2017 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 6 |
(
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(
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_______ | _______ | ||||||||
Net current liabilities |
(
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(
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_______ | _______ | ||||||||
Total assets less current liabilities |
(
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(
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_______ | _______ | ||||||||
Net liabilities |
(
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(
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account | 7 |
(
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_______ | _______ | ||||||||
Shareholders deficit |
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(
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_______ | _______ | ||||||||
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
11 October 2019
, and are signed on behalf of the board by:
Director
Company registration number:
03981844
INFINITE HORIZON COMPUTER TECHNOLOGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Glen Garth, Durrant Lane, Northam, Devon, EX39 2RL.
Principal activity
The principal activity of the company is that of online currency trading.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
Judgements and key sources of estimation uncertainty
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment | - |
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Impairment
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2017:
1
).
5.
Tangible assets
Fixtures, fittings and equipment | Total | ||
£ | £ | ||
Cost | |||
At 1 May 2017 and 30 April 2018 |
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_______ | _______ | ||
Depreciation | |||
At 1 May 2017 |
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Charge for the year |
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_______ | _______ | ||
At 30 April 2018 |
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_______ | _______ | ||
Carrying amount | |||
At 30 April 2018 |
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_______ | _______ | ||
At 30 April 2017 |
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_______ | _______ | ||
6.
Creditors: amounts falling due within one year
2018 | 2017 | |||
£ | £ | |||
Accruals and deferred income |
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Other creditors | 57,449 | 63,003 | ||
_______ | _______ | |||
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_______ | _______ | |||
7.
Reserves
8.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | |||||
Loans to / (from) directors at 1 May 2017 | Loans to / (from) the directors | Amounts repaid | Balance at 30 April 2018 | ||
£ | £ | £ | £ | ||
The Director |
(
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- |
(
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_______ | _______ | _______ | _______ | ||
Loans to / (from) directors at 1 May 2016 | Loans to / (from) the directors | Amounts repaid | Balance at 30 April 2017 | ||
£ | £ | £ | £ | ||
The Director |
(
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(
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(
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_______ | _______ | _______ | _______ | ||
Directors' loans are repayable on demand and subject to interest on overdrawn balances at the official rate.