Infinity Creative Events Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09767693 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

INFINITY CREATIVE EVENTS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

Current assets

Debtors

4

617,524

130,249

Cash at bank

1,632

723

619,156

130,972

Creditors

Amounts falling due within one year

5

495,540

222,048

Net current assets/(liabilities)

123,616

(91,076

)

Total assets less current liabilities

123,616

(91,076

)

Capital and reserves

Called up share capital

80

80

Retained earnings

123,536

(91,156

)

123,616

(91,076

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 applicable to companies subject to the small companies regime.

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 19 December 2019 and were signed by:

R Lindsay - Director

1.	Statutory information

Infinity Creative Events Limited 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:

09767693

Registered office:

5-6 Greenfield Crescent

Edgbaston

Birmingham

West Midlands

B15 3BE

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.

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.

3.	Employees and directors

The average number of employees during the year was 7 (2018 - 25 ) .

4.

Debtors: amounts falling due within one year

2019

2018

£

£

Trade debtors

63,947

4,866

Amounts owed by group undertakings

123,899

123,899

Other debtors

429,678

1,484

617,524

130,249

5.

Creditors: amounts falling due within one year

2019

2018

£

£

Trade creditors

109,901

210,998

Amounts owed to group undertakings

383,808

10,050

Taxation and social security

1,286

-

Other creditors

545

1,000

495,540

222,048

6.	Related party disclosures

2019

2018

£

£

Amounts owed by related parties

Entities with control, joint control or significant influence over the company

123,899

123,899

Amounts owed to related parties

Entities with control, joint control or significant influence over the company

383,808

10,050