Infinity Pro Sw Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 07519376 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2022

for

Infinity Pro Sw Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R L Savage

Mrs A Savage

REGISTERED OFFICE:

172 Southfield Avenue

Preston

Paignton

Devon

TQ3 1JX

REGISTERED NUMBER:

07519376 (England and Wales)

ACCOUNTANTS:

Andrew R Cook Chartered Accountants

Northfield House

Shurdington Road

Bentham

Cheltenham

Gloucestershire

GL51 4UA

CURRENT ASSETS

Debtors

4

92,568

114,485

CREDITORS

Amounts falling due within one year

5

77,023

53,769

NET CURRENT ASSETS

15,545

60,716

TOTAL ASSETS LESS CURRENT LIABILITIES

15,545

60,716

CREDITORS

Amounts falling due after more than one year

6

64,294

100,063

NET LIABILITIES

(48,749

)

(39,347

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

(48,849

)

(39,447

)

SHAREHOLDERS' FUNDS

(48,749

)

(39,347

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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 20 January 2023 and were signed on its behalf by:

Mr R L Savage - Director

1.	STATUTORY INFORMATION

Infinity Pro Sw 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.

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 NIL (2021 - 2 ).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Other debtors

92,568

107,000

Tax refundable

-

7,485

92,568

114,485

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Bank loans and overdrafts

48,427

24,213

Other loans

23,270

23,270

VAT

3,443

3,443

Directors' current accounts

443

443

Accrued expenses

1,440

2,400

77,023

53,769

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.22

30.4.21

£

£

Other loans

64,294

100,063

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.22

30.4.21

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 May 2021

(39,447

)

Deficit for the year

(9,402

)

At 30 April 2022

(48,849

)

9.	RELATED PARTY DISCLOSURES

There was no movement during the year on the directors loan account of Mr R L Savage and Mrs A Savage, being husband and wife.. The balance on their account at 30 April 2022 was £443 in credit (2021 - £443 in credit).

10.	ULTIMATE CONTROLLING PARTY

Mr R L Savage and Mrs A Savage together form the ultimate controlling party by virtue of their holding all of the company's issued share capital.