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REGISTERED NUMBER: 08819202 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2018

for

Infinity System Solutions Limited

Infinity System Solutions Limited (Registered number: 08819202)






Contents of the Financial Statements
for the Year Ended 31 December 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Infinity System Solutions Limited

Company Information
for the Year Ended 31 December 2018







DIRECTORS: M A Main
N Henry





REGISTERED OFFICE: 1 St. Mary's Street
Ross-on-Wye
England
Herefordshire
HR9 5HT





REGISTERED NUMBER: 08819202 (England and Wales)





ACCOUNTANTS: Thorne & Co.
Accountants and Registered Auditors
1 St Mary's Street
Ross-on-Wye
Herefordshire
HR9 5HT

Infinity System Solutions Limited (Registered number: 08819202)

Balance Sheet
31 December 2018

31.12.18 31.12.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,161 11,945

CURRENT ASSETS
Debtors 5 93,538 68,875
Cash at bank 129,971 68,976
223,509 137,851
CREDITORS
Amounts falling due within one year 6 81,042 73,685
NET CURRENT ASSETS 142,467 64,166
TOTAL ASSETS LESS CURRENT
LIABILITIES

151,628

76,111

PROVISIONS FOR LIABILITIES 7 1,558 2,031
NET ASSETS 150,070 74,080

RESERVES
Retained earnings 150,070 74,080
SHAREHOLDERS' FUNDS 150,070 74,080

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 applicable to companies subject to the small companies regime.

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 26 September 2019 and were signed on
its behalf by:





M A Main - Director


Infinity System Solutions Limited (Registered number: 08819202)

Notes to the Financial Statements
for the Year Ended 31 December 2018

1. STATUTORY INFORMATION

Infinity System Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 30% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
period of the lease.

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 13 (2017 - 12 ) .

Infinity System Solutions Limited (Registered number: 08819202)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2018
and 31 December 2018 12,421 5,636 18,057
DEPRECIATION
At 1 January 2018 4,421 1,691 6,112
Charge for year 1,600 1,184 2,784
At 31 December 2018 6,021 2,875 8,896
NET BOOK VALUE
At 31 December 2018 6,400 2,761 9,161
At 31 December 2017 8,000 3,945 11,945

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Trade debtors 90,004 65,341
Prepayments and accrued income 3,534 3,534
93,538 68,875

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Hire purchase contracts - 893
Trade creditors 28,385 34,141
Taxation and social security 51,657 37,651
Other creditors 1,000 1,000
81,042 73,685

7. PROVISIONS FOR LIABILITIES
31.12.18 31.12.17
£    £   
Deferred tax
Accelerated capital allowances 1,558 2,031

Deferred
tax
£   
Balance at 1 January 2018 2,031
Credit to Income Statement during year (473 )
Balance at 31 December 2018 1,558