Infinity Financial Planning Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07207630 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

INFINITY FINANCIAL PLANNING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G Brown

S Ward

G Walsh

Mrs J Walsh

SECRETARY:

Mrs J A Walsh

REGISTERED OFFICE:

977 London Road

Leigh-on-sea

Essex

SS9 3LB

REGISTERED NUMBER:

07207630 (England and Wales)

FIXED ASSETS

Intangible assets

4

16,000

20,000

Tangible assets

5

366

366

16,366

20,366

CURRENT ASSETS

Debtors

6

31,243

11,278

Cash at bank

75,266

45,918

106,509

57,196

CREDITORS

Amounts falling due within one year

7

(52,666

)

(38,882

)

NET CURRENT ASSETS

53,843

18,314

TOTAL ASSETS LESS CURRENT LIABILITIES

70,209

38,680

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

60,209

28,680

SHAREHOLDERS' FUNDS

70,209

38,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 10 December 2018 and were signed on its behalf by:

G Walsh - Director

G Brown - Director

1.	STATUTORY INFORMATION

Infinity Financial Planning Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 5 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

40,000

AMORTISATION

At 1 April 2017

20,000

Charge for year

4,000

At 31 March 2018

24,000

NET BOOK VALUE

At 31 March 2018

16,000

At 31 March 2017

20,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

366

NET BOOK VALUE

At 31 March 2018

366

At 31 March 2017

366

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

9,350

10,293

Other debtors

21,893

985

31,243

11,278

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1,615

1,421

Taxation and social security

45,590

30,499

Other creditors

5,461

6,962

52,666

38,882

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £156,325 (2017 - £157,454) were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.