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REGISTERED NUMBER: 08819202 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2017

for

Infinity System Solutions Limited

Infinity System Solutions Limited (Registered number: 08819202)






Contents of the Financial Statements
for the Year Ended 31 December 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Infinity System Solutions Limited

Company Information
for the Year Ended 31 December 2017







DIRECTORS: M A Main
N Henry
A Mclaren





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





BUSINESS ADDRESS: Suite 214 Innovation Centre
Festival Drive
Ebbw Vale
Blaenau Gwent
NP23 8XA





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 2017

31.12.17 31.12.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,945 10,000

CURRENT ASSETS
Debtors 5 68,875 34,888
Cash at bank 68,976 134,662
137,851 169,550
CREDITORS
Amounts falling due within one year 6 73,685 86,188
NET CURRENT ASSETS 64,166 83,362
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,111

93,362

CREDITORS
Amounts falling due after more than one
year

7

-

(737

)

PROVISIONS FOR LIABILITIES 8 (2,031 ) (1,900 )
NET ASSETS 74,080 90,725

RESERVES
Retained earnings 74,080 90,725
SHAREHOLDERS' FUNDS 74,080 90,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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.

Infinity System Solutions Limited (Registered number: 08819202)

Balance Sheet - continued
31 December 2017


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 18 September 2018 and were signed
on its behalf by:




A Mclaren - Director



M A Main - Director


Infinity System Solutions Limited (Registered number: 08819202)

Notes to the Financial Statements
for the Year Ended 31 December 2017

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 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.

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.

Infinity System Solutions Limited (Registered number: 08819202)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2016 - 10 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2017 12,421 - 12,421
Additions - 5,636 5,636
At 31 December 2017 12,421 5,636 18,057
DEPRECIATION
At 1 January 2017 2,421 - 2,421
Charge for year 2,000 1,691 3,691
At 31 December 2017 4,421 1,691 6,112
NET BOOK VALUE
At 31 December 2017 8,000 3,945 11,945
At 31 December 2016 10,000 - 10,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Trade debtors 65,341 31,354
Prepayments and accrued income 3,534 3,534
68,875 34,888

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Hire purchase contracts 893 2,213
Trade creditors 34,141 46,775
Corporation tax 2,934 11,029
Social security and other taxes 6,502 -
VAT 28,215 25,171
Accruals and deferred income 1,000 1,000
73,685 86,188

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.17 31.12.16
£    £   
Hire purchase contracts - 737

Infinity System Solutions Limited (Registered number: 08819202)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

8. PROVISIONS FOR LIABILITIES
31.12.17 31.12.16
£    £   
Deferred tax
Accelerated capital allowances 2,031 1,900

Deferred
tax
£   
Balance at 1 January 2017 1,900
Charge to Income Statement during year 131
Balance at 31 December 2017 2,031