Infinity Software Holdings Ltd - Accounts to registrar (filleted) - small 18.1
Infinity Software Holdings Ltd - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2017 |
| for |
| Infinity Software Holdings Ltd |
| Previously known as |
| St George Associates Ltd |
| Infinity Software Holdings Ltd (Registered number: 03134616) |
| previously known as St George Associates Ltd |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Infinity Software Holdings Ltd |
| previously known as St George Associates Ltd |
| Company Information |
| for the Year Ended 31 December 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants and Chartered Tax Advisers |
| 2 Castle Business Village |
| Station Road |
| Hampton |
| Middlesex |
| TW12 2BX |
| Infinity Software Holdings Ltd (Registered number: 03134616) |
| previously known as St George Associates Ltd |
| Balance Sheet |
| 31 December 2017 |
| 31.12.17 | 31.12.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 2 |
| CURRENT ASSETS |
| Debtors | 3 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Share premium | 6 |
| Capital redemption reserve | 6 |
| Retained earnings | 6 |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 on |
| Infinity Software Holdings Ltd (Registered number: 03134616) |
| previously known as St George Associates Ltd |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2017 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| 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. |
| 2. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 January 2017 |
| and 31 December 2017 |
| NET BOOK VALUE |
| At 31 December 2017 |
| At 31 December 2016 |
| 3. | DEBTORS |
| 31.12.17 | 31.12.16 |
| £ | £ |
| Amounts falling due within one year: |
| Amounts owed by group undertakings |
| Infinity Software Holdings Ltd (Registered number: 03134616) |
| previously known as St George Associates Ltd |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2017 |
| 3. | DEBTORS - continued |
| 31.12.17 | 31.12.16 |
| £ | £ |
| Amounts falling due after more than one year: |
| Amounts owed by group undertakings |
| Aggregate amounts |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.17 | 31.12.16 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.17 | 31.12.16 |
| value: | £ | £ |
| Ordinary | 0.01 | 1,045 | 1,045 |
| A Ordinary | 0.01 | 400 | 400 |
| 1,445 | 1,445 |
| During the year the company repurchased and cancelled 8,566 of its ordinary shares. |
| 6. | RESERVES |
| Capital |
| Retained | Share | redemption |
| earnings | premium | reserve | Totals |
| £ | £ | £ | £ |
| At 1 January 2017 | 143,310 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 31 December 2017 | 143,300 |
| 7. | ENTERPRISE MANAGEMENT INCENTIVE SCHEME |
| The company operates an enterprise management incentive scheme in order to reward and retain staff. |