INFUSION_SUPPORT_LIMITED - Accounts

INFUSION SUPPORT LIMITED - Company Information

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Company Registration No. 08492026 (England and Wales)

INFUSION SUPPORT LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2014

Evolution Business and Tax Advisors LLP

10 Evolution

Wynyard Park

Wynyard

TS22 5TB

INFUSION SUPPORT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

INFUSION SUPPORT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

Notes

Fixed assets

Tangible assets

1,626

Current assets

Debtors

22,319

Cash at bank and in hand

1,963

24,282

Creditors: amounts falling due within one year

(25,383)

Net current liabilities

(1,101)

Total assets less current liabilities

525

Provisions for liabilities

(325)

200

Capital and reserves

Called up share capital

100

Profit and loss account

100

Shareholders' funds

200

For the financial period ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit or loss for the financial period in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.

These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board for issue on 31 October 2014

Mr D Vizzard

Director

Company Registration No. 08492026

INFUSION SUPPORT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company has cash resources and has no requirement for external funding. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. He continues to believe the going concern basis of accounting is appropriate in preparing the annual financial statements.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

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 less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

- 33% straight line

Fixtures, fittings and equipment

- 25% straight line

1.5

Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the director, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

Fixed assets

Tangible assets

Cost

At 16 April 2013

Additions

1,814

At 31 March 2014

1,814

Depreciation

At 16 April 2013

Charge for the period

188

At 31 March 2014

188

Net book value

At 31 March 2014

1,626

INFUSION SUPPORT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2014

- 3 -

Share capital

2014

Allotted, called up and fully paid

100 of £1 each

100

1 ordinary share of £1 was allotted and fully paid at par for cash on incorporation. A further 99 ordinary shares of £1 each were allotted and fully paid at par for cash on 1 November 2013.

Related party relationships and transactions

Transactions in relation to loans with directors during the period are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

D Vizzard

13,424

The above loan is an interest free loan and will be repaid within 9 months.