Abbreviated Company Accounts - INFINITY HYDROCULTURE LTD

INFINITY HYDROCULTURE LTD - Company Information

07952296 INFINITY HYDROCULTURE LTD 2014-02-28 false 2013-03-01 2014-02-28 true 07952296 2013-03-01 2014-02-28 07952296 2014-02-28 07952296 2013-02-28 07952296 uk-gaap-cd-bus:Director1 2013-03-01 2014-02-28 07952296 uk-gaap-cd-bus:Director2 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-28 iso4217:GBP shares

Registered Number 07952296

INFINITY HYDROCULTURE LTD

Abbreviated Accounts

28 February 2014

INFINITY HYDROCULTURE LTD Registered Number 07952296

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	218	429
		218	429
Current assets
Stocks		4,500	4,000
Cash at bank and in hand		3,559	2,024
		8,059	6,024
Creditors: amounts falling due within one year		(12,551)	(10,309)
Net current assets (liabilities)		(4,492)	(4,285)
Total assets less current liabilities		(4,274)	(3,856)
Total net assets (liabilities)		(4,274)	(3,856)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(4,276)	(3,858)
Shareholders' funds		(4,274)	(3,856)

For the year ending 28 February 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 28 November 2014

And signed on their behalf by:
G A Hogg, Director

INFINITY HYDROCULTURE LTD Registered Number 07952296

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the going concern basis of accounting. At the balance sheet date the companies liabilities exceed the assets by £4,274 (2013: £3,856). Included in 'other creditors' is a directors loan of £12,551 (2013: £10,309). The director has confirmed that repayment of the loan will not be sought if deemed prejudicial to the company.

Turnover policy
Turnover represents gross invoiced sales of goods.

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

Plant and machinery etc - 33% on cost

Valuation information and policy
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2Tangible fixed assets

	£
Cost
At 1 March 2013	640
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	640
Depreciation
At 1 March 2013	211
Charge for the year	211
On disposals	-
At 28 February 2014	422
Net book values
At 28 February 2014	218
At 28 February 2013	429

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2