Infinite Computer Solutions Limited
Infinite Computer Solutions Limited
Registered number: 05042493
Abbreviated accounts
For The Year Ended 31 March 2016
Infinite Computer Solutions Limited
Company No. 05042493
Abbreviated Balance Sheet
31 March 2016
Abbreviated Balance Sheet
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 4 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS |
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Infinite Computer Solutions Limited
Company No. 05042493
Abbreviated Balance Sheet (continued)
31 March 2016
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
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Infinite Computer Solutions Limited
Notes to the Abbreviated Accounts
For The Year Ended 31 March 2016
Notes to the Abbreviated Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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1.3.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3.
Debtors
Debtors include an amount of £
1,900
(2015 - £
1,900
)
falling due after more than one year.
4.
Creditors: Amounts Falling Due After More Than One Year
| 2016 | 2015 | ||
|---|---|---|---|
| £ | £ | ||
| Amounts owed to group undertakings |
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| Amounts owed to parent undertaking |
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Infinite Computer Solutions Limited
Notes to the Abbreviated Accounts (continued)
For The Year Ended 31 March 2016
6.
Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Infinite Computer Solutions (India) Limited. Infinite Computer Solutions (India) Limited was incorporated in India. The holding company owns 100% of the issued share capital.
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