Infinite Computer Solutions Limited - Accounts

Registered number

05042493

Infinite Computer Solutions Limited

Report and Financial Statements

31 March 2022

Infinite Computer Solutions Limited
Report and accounts
Contents
Page
Director's report	1
Independent auditor's report	2
Income statement	5
Statement of comprehensive income	6
Statement of financial position	7
Statement of changes in equity	8
Notes to the financial statements	9

Infinite Computer Solutions Limited
Registered number:				05042493
Director's Report
The director presents his report and financial statements for the year ended 31 March 2022.
Principal activities
The company's principal activity during the year continued to be that of software development and consultancy.
Directors
The following persons served as directors during the year:
Mr Upinder Zutshi
Director's responsibilities

The director is responsible for preparing the report and financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:
●	select suitable accounting policies and then apply them consistently;
●	make judgements and estimates that are reasonable and prudent;
●	state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
●	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditors

The director confirms that:
●	so far as he is aware, there is no relevant audit information of which the company's auditor is unaware; and
●	he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditor is aware of that information.

This report was approved by the board on 16 November 2022 and signed on its behalf.

Upinder Zutshi

Director

Infinite Computer Solutions Limited

Independent auditor's report

to the members of Infinite Computer Solutions Limited

Opinion

We have audited the financial statements of Infinite Computer Solutions Limited (the 'company') for the year ended 31 March 2022 which comprise the Income Statement, the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
●	give a true and fair view of the state of the company's affairs as at 31 March 2022 and of its profit for the year then ended;
●	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
●	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
●	the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
●	the strategic report and the directors’ report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
●	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
●	the financial statements are not in agreement with the accounting records and returns; or
●	certain disclosures of directors’ remuneration specified by law are not made; or
●	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
*	Enquiry of management around actual and potential litigation and claims;
*	Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and review of accounting estimates for bias;
*	Reviewing financial statement disclosures and testing supporting documentation to assess compliance with applicable laws and regulations.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.
R S Banga
(Senior Statutory Auditor)
for and on behalf of
The Zane Partnership		925 Finchley Road
Statutory Auditor		London
16 November 2022		NW11 7PE

Infinite Computer Solutions Limited
Income Statement
for the year ended 31 March 2022
Notes						2022		2021
£							£
Turnover				2		614,854		228,022
Cost of sales						(200,828)		(140,741)
Gross profit						414,026		87,281
Administrative expenses						(180,680)		(102,155)
Operating profit/(loss)						233,346		(14,874)
Profit/(loss) on ordinary activities before taxation						233,346		(14,874)
Tax on profit/(loss) on ordinary activities				4		-		-
Profit/(loss) for the financial year						233,346		(14,874)

Infinite Computer Solutions Limited
Statement of Comprehensive Income
for the year ended 31 March 2022
Notes					2022		2021
£						£
Profit/(loss) for the financial year					233,346		(14,874)
Other comprehensive income
Total comprehensive income for the year					233,346		(14,874)

Infinite Computer Solutions Limited
Statement of Financial Position
as at 31 March 2022
Notes				2022			2021
£					£
Current assets
Debtors	5		301,966			44,927
Cash at bank and in hand			428,604			174,750
			730,570			219,677
Creditors: amounts falling due within one year	6		(159,459)			(44,194)
Net current assets				571,111			175,483
Total assets less current liabilities				571,111			175,483
Creditors: amounts falling due after more than one year	7			(194,894)			(32,612)
Net assets				376,217			142,871
Capital and reserves
Called up share capital	8			496,842			496,842
Profit and loss account	9			(120,625)			(353,971)
Total equity				376,217			142,871
Upinder Zutshi
Director
Approved by the board on 16 November 2022

Infinite Computer Solutions Limited
Statement of Changes in Equity
for the year ended 31 March 2022
Share			Share		Other		Profit		Total
capital			premium		reserves		and loss
account
£			£		£		£		£
At 1 April 2020		496,842		-		-		(339,097)		157,745
Loss for the financial year								(14,874)		(14,874)
At 31 March 2021		496,842		-		-		(353,971)		142,871
At 1 April 2021		496,842		-		-		(353,973)		142,871
Profit for the financial year								233,346		233,346
At 31 March 2022		496,842		-		-		(120,627)		376,217

Infinite Computer Solutions Limited
Notes to the Accounts
for the year ended 31 March 2022
1	Summary of significant accounting policies
	Basis of preparation
	The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
	Tangible fixed assets

	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.
2	Analysis of turnover					2022		2021
£							£
	Services rendered					614,855		228,021
	By geographical market:
	UK					614,855		228,021
3	Staff costs					2022		2021
£							£
	Wages and salaries					126,819		30,834
	Social security costs					20,886		-
	Other pension costs					19,467		438
						167,172		31,272
	Average number of employees during the year					Number	Number
	Administration					1		1
						1		1
4	Taxation					2022		2021
£							£
	Analysis of charge in period
	Tax on profit on ordinary activities					-		-
	Factors affecting tax charge for period
	The differences between the tax assessed for the period and the standard rate of corporation tax are explained as follows:
						2022		2021
£							£
	Profit/(loss) on ordinary activities before tax					233,346		(14,874)
	Standard rate of corporation tax in the UK					19%		19%
£							£
	Profit on ordinary activities multiplied by the standard rate of corporation tax					44,336		(2,826)
	Effects of:
	Tax losses brought forward					(44,336)		2,826
	Current tax charge for period					-		-
5	Debtors					2022		2021
£							£
	Trade debtors					278,194		5,167
	Amounts owed by associated companies					-		34,553
	Other debtors					5,207		5,207
	Prepayments and accrued income					18,565		-
						301,966		44,927
6	Creditors: amounts falling due within one year					2022		2021
£							£
	Trade creditors					67,983		-
	Other taxes and social security costs					87,126		10,127
	Accruals and deferred income					4,350		34,067
						159,459		44,194
7	Creditors: amounts falling due after one year					2022		2021
£							£
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					194,894		32,612
8	Share capital	Nominal		2022		2022		2021
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		496,842		496,842		496,842
9	Profit and loss account					2022		2021
£							£
	At 1 April					(353,971)		(339,097)
	Profit/(loss) for the financial year					233,346		(14,874)
	At 31 March					(120,625)		(353,971)
10	Controlling party
	The company is a wholly owned subsidiary of Infinite Computer Solutions (India) Limited whose registered office address is at 157 EPIP Zone, Phase 2 Kundalahalli Whitefield Bengaluru 56066 India.
11	Presentation currency
	The financial statements are presented in UK £ Sterling.
12	Legal form of entity and country of incorporation
	Infinite Computer Solutions Limited is a private company limited by shares and incorporated in England.
13	Principal place of business
	The address of the company's principal place of business and registered office is:
	Registered office:
	925 Finchley Road
	London NW11 7PE