Abbreviated Company Accounts - INFINITE HOSPITALITY LIMITED

Abbreviated Company Accounts - INFINITE HOSPITALITY LIMITED

INFINITE HOSPITALITY LIMITED - Company Information

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Registered Number SC462803

INFINITE HOSPITALITY LIMITED

Abbreviated Accounts

30 November 2014

INFINITE HOSPITALITY LIMITED Registered Number SC462803

Abbreviated Balance Sheet as at 30 November 2014

Notes 2014
£
Fixed assets
Tangible assets 2 57,229
57,229
Current assets
Stocks 5,500
Debtors 8,597
Cash at bank and in hand 19,735
33,832
Creditors: amounts falling due within one year (136,663)
Net current assets (liabilities) (102,831)
Total assets less current liabilities (45,602)
Total net assets (liabilities) (45,602)
Capital and reserves
Called up share capital 2
Profit and loss account (45,604)
Shareholders' funds (45,602)
  • For the year ending 30 November 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 July 2015

And signed on their behalf by:
Mr James Laing, Director

INFINITE HOSPITALITY LIMITED Registered Number SC462803

Notes to the Abbreviated Accounts for the period ended 30 November 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

The accounts show a net assets deficit at 30 November 2014 amounting to £45,602. The directors have given their reassurance of their continual support and it is therefore thought appropriate to apply the going concern concept.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Leasehold Property - 10 year straight line
Plant & Machinery - 20% reducing balance
Fixtures & Fittings - 15% reducing balance
Equipment - 20% reducing balance

2Tangible fixed assets
£
Cost
Additions 65,028
Disposals -
Revaluations -
Transfers -
At 30 November 2014 65,028
Depreciation
Charge for the year 7,799
On disposals -
At 30 November 2014 7,799
Net book values
At 30 November 2014 57,229