Abbreviated Company Accounts - INFINITY BUSINESS SOLUTIONS LIMITED

INFINITY BUSINESS SOLUTIONS LIMITED - Company Information

05023254 INFINITY BUSINESS SOLUTIONS LIMITED 2014-01-31 false 2013-02-01 2014-01-31 true 05023254 2013-02-01 2014-01-31 05023254 2014-01-31 05023254 2013-01-31 05023254 uk-gaap-cd-bus:Director1 2013-02-01 2014-01-31 05023254 uk-gaap-cd-bus:Director2 2013-02-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-31 iso4217:GBP shares

Registered Number 05023254

INFINITY BUSINESS SOLUTIONS LIMITED

Abbreviated Accounts

31 January 2014

INFINITY BUSINESS SOLUTIONS LIMITED Registered Number 05023254

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	29,050	20,834
		29,050	20,834
Current assets
Stocks		1,450	560
Debtors		77,151	63,555
Cash at bank and in hand		76,559	111,634
		155,160	175,749
Creditors: amounts falling due within one year		(60,095)	(73,286)
Net current assets (liabilities)		95,065	102,463
Total assets less current liabilities		124,115	123,297
Total net assets (liabilities)		124,115	123,297
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		124,015	123,197
Shareholders' funds		124,115	123,297

For the year ending 31 January 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 September 2014

And signed on their behalf by:
M J Lowery, Director

INFINITY BUSINESS SOLUTIONS LIMITED Registered Number 05023254

Notes to the Abbreviated Accounts for the period ended 31 January 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Computer equipment - 25% reducing balance
Office equipment - 25% reducing balance

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Pensions - the company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2Tangible fixed assets

	£
Cost
At 1 February 2013	49,710
Additions	15,133
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2014	64,843
Depreciation
At 1 February 2013	28,876
Charge for the year	6,917
On disposals	-
At 31 January 2014	35,793
Net book values
At 31 January 2014	29,050
At 31 January 2013	20,834

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100