Info Aspect Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08316076 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

INFO ASPECT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr F Salim

Ms F Fiaz

REGISTERED OFFICE:

70 Canterbury Road

Harrow

Middlesex

HA1 4PE

REGISTERED NUMBER:

08316076 (England and Wales)

ACCOUNTANTS:

Revacc

34a Watling Street

Radlett

Hertfordshire

WD7 7NN

FIXED ASSETS

Tangible assets

4

337

215

CURRENT ASSETS

Debtors

5

24,473

10,037

Cash at bank

71,987

3,709

96,460

13,746

CREDITORS

Amounts falling due within one year

6

33,721

11,058

NET CURRENT ASSETS

62,739

2,688

TOTAL ASSETS LESS CURRENT LIABILITIES

63,076

2,903

CAPITAL AND RESERVES

Called up share capital

7

1,300

1,200

Retained earnings

8

61,776

1,703

SHAREHOLDERS' FUNDS

63,076

2,903

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 23 December 2020 and were signed on its behalf by:

Mr F Salim - Director

1.	STATUTORY INFORMATION

Info Aspect Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Computer equipment

-

Straight line over 3 years

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2019

1,454

Additions

344

Disposals

(1,131

)

At 31 December 2019

667

DEPRECIATION

At 1 January 2019

1,239

Charge for year

222

Eliminated on disposal

(1,131

)

At 31 December 2019

330

NET BOOK VALUE

At 31 December 2019

337

At 31 December 2018

215

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

20,000

-

Social security and other tax

4,473

5,698

Prepayments and accrued income

-

4,339

24,473

10,037

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Tax

21,422

322

VAT

9,009

-

Directors' current accounts

527

9,073

Accruals and deferred income

2,763

1,663

33,721

11,058

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1,000

Ordinary Shares

£1

1,000

1,000

100

Ordinary Shares A

£1

100

100

100

Ordinary Shares B

£1

100

100

100

Ordinary Shares C

£1

100

-

(2018 - NIL)

1,300

1,200

Allotted and issued:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Share capital 4

£1

100

-

(2018 - NIL)

The following shares were issued during the year for cash at par :

100 Ordinary Shares C shares of £1

8.

RESERVES

Retained

earnings

£

At 1 January 2019

1,703

Profit for the year

90,073

Dividends

(30,000

)

At 31 December 2019

61,776