Abbreviated Company Accounts - INFINITY BUSINESS SOLUTIONS LIMITED

INFINITY BUSINESS SOLUTIONS LIMITED - Company Information

05023254 INFINITY BUSINESS SOLUTIONS LIMITED 2016-01-31 false 2015-02-01 2016-01-31 true 05023254 2015-02-01 2016-01-31 05023254 2016-01-31 05023254 2015-01-31 05023254 uk-gaap-cd-bus:Director1 2015-02-01 2016-01-31 05023254 uk-gaap-cd-bus:Director2 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 iso4217:GBP shares

Registered Number 05023254

INFINITY BUSINESS SOLUTIONS LIMITED

Abbreviated Accounts

31 January 2016

INFINITY BUSINESS SOLUTIONS LIMITED Registered Number 05023254

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	22,650	27,121
		22,650	27,121
Current assets
Stocks		930	2,020
Debtors		49,893	71,999
Cash at bank and in hand		82,847	93,113
		133,670	167,132
Creditors: amounts falling due within one year		(48,546)	(76,758)
Net current assets (liabilities)		85,124	90,374
Total assets less current liabilities		107,774	117,495
Total net assets (liabilities)		107,774	117,495
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		107,674	117,395
Shareholders' funds		107,774	117,495

For the year ending 31 January 2016 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 21 July 2016

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 2016

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 2015	72,992
Additions	3,079
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	76,071
Depreciation
At 1 February 2015	45,871
Charge for the year	7,550
On disposals	-
At 31 January 2016	53,421
Net book values
At 31 January 2016	22,650
At 31 January 2015	27,121

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

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100