Infinity Nine Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08374852 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2023

for

Infinity Nine Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs J Chen

SECRETARY:

Mrs J Chen

REGISTERED OFFICE:

9 Woodside

West Herrington

Sunderland

SR3 3SJ

REGISTERED NUMBER:

08374852 (England and Wales)

FIXED ASSETS

Intangible assets

4

11,052

12,157

Tangible assets

5

3,161

3,745

14,213

15,902

CURRENT ASSETS

Stocks

1,500

1,000

Debtors

6

2,364

241

Cash at bank

3,812

41,834

7,676

43,075

CREDITORS

Amounts falling due within one year

7

22,093

7,603

NET CURRENT (LIABILITIES)/ASSETS

(14,417

)

35,472

TOTAL ASSETS LESS CURRENT LIABILITIES

(204

)

51,374

CREDITORS

Amounts falling due after more than one year

8

(35,327

)

(45,327

)

PROVISIONS FOR LIABILITIES

(139

)

(234

)

NET (LIABILITIES)/ASSETS

(35,670

)

5,813

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(35,671

)

5,812

(35,670

)

5,813

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 13 June 2023 and were signed by:

Mrs J Chen - Director

1.	STATUTORY INFORMATION

Infinity Nine 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets

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

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on reducing balance and 20% on cost

Stocks

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

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 4 (2022 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2022

and 31 January 2023

22,103

AMORTISATION

At 1 February 2022

9,946

Charge for year

1,105

At 31 January 2023

11,051

NET BOOK VALUE

At 31 January 2023

11,052

At 31 January 2022

12,157

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2022

and 31 January 2023

1,105

23,651

24,756

DEPRECIATION

At 1 February 2022

-

21,011

21,011

Charge for year

-

584

584

At 31 January 2023

-

21,595

21,595

NET BOOK VALUE

At 31 January 2023

1,105

2,056

3,161

At 31 January 2022

1,105

2,640

3,745

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Trade debtors

2,364

241

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Trade creditors

5,494

-

Taxation and social security

4,278

7,013

Other creditors

12,321

590

22,093

7,603

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.23

31.1.22

£

£

Bank loans

35,327

45,327

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

35,327

45,327