Infomatrix Enterprise Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05008225 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2018

for

Infomatrix Enterprise Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Ladhur

M Ullah

SECRETARY:

REGISTERED OFFICE:

Saunders House

52-53 The Mall

Ealing

London

W5 3TA

REGISTERED NUMBER:

05008225 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

645

3,270

645

3,270

CURRENT ASSETS

Debtors

6

212,145

169,450

Cash at bank

29,406

37,456

241,551

206,906

CREDITORS

Amounts falling due within one year

7

(307,754

)

(168,928

)

NET CURRENT (LIABILITIES)/ASSETS

(66,203

)

37,978

TOTAL ASSETS LESS CURRENT LIABILITIES

(65,558

)

41,248

CAPITAL AND RESERVES

Called up share capital

1,100

1,100

Retained earnings

(66,658

)

40,148

SHAREHOLDERS' FUNDS

(65,558

)

41,248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 23 August 2019 and were signed on its behalf by:

J Ladhur - Director

1.	STATUTORY INFORMATION

Infomatrix Enterprise 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.

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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

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

Plant and machinery etc

-

25% 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.

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.

Going concern

The financial statements have been prepared on a going concern basis on the assumption that the share holders

will continue to make funds available to enable the company to meet its liabilities as and when

they fall due. The directors have no reason to believe that this financial support will not continue, and

consider it appropriate to adopt a going concern basis. The financial statements do not contain any

adjustments that would be necessary should this basis not be appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 December 2017

and 30 November 2018

150,000

AMORTISATION

At 1 December 2017

and 30 November 2018

150,000

NET BOOK VALUE

At 30 November 2018

-

At 30 November 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2017

and 30 November 2018

141,030

DEPRECIATION

At 1 December 2017

137,760

Charge for year

2,625

At 30 November 2018

140,385

NET BOOK VALUE

At 30 November 2018

645

At 30 November 2017

3,270

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Trade debtors

74,873

51,233

Other debtors

79,232

60,177

Directors' loan accounts

57,140

57,140

Called up share capital not paid

900

900

212,145

169,450

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Trade creditors

60,088

59,281

Amounts owed to participating interests

107,000

-

Tax

(211

)

(211

)

Social security and other taxes

(1,043

)

(11,517

)

Other creditors

77,920

67,375

Loans

60,000

50,000

Accrued expenses

4,000

4,000

307,754

168,928

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2018 and

30 November 2017:

30.11.18

30.11.17

£

£

J Ladhur

Balance outstanding at start of year

57,140

57,140

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

57,140

57,140

The amount outstanding at the year end was £57,140 (2017: £57,140), no interest was charged on this.

9.	RELATED PARTY DISCLOSURES

During the year the company was lent £107,000 by Infomatrixoneview Limited, the balance outstanding at the

year end was £107,000.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is J Ladhur.

The ultimate controlling party is J Ladhur.