Registered number
08374093
Infiniti Fitness 121 Limited
Unaudited Filleted Accounts
31 January 2023
Infiniti Fitness 121 Limited
Registered number: 08374093
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 12,007 11,841
Creditors: amounts falling due within one year 5 (3,448) (2,359)
Net current assets 8,559 9,482
Total assets less current liabilities 8,559 9,482
Creditors: amounts falling due after more than one year 6 (8,556) (9,889)
Net assets/(liabilities) 3 (407)
Capital and reserves
Called up share capital 1 1
Profit and loss account 2 (408)
Shareholder's funds 3 (407)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Scott Harrison
Director
Approved by the board on 20 October 2023
Infiniti Fitness 121 Limited
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2022 1,148
At 31 January 2023 1,148
Depreciation
At 1 February 2022 1,148
At 31 January 2023 1,148
Net book value
At 31 January 2023 -
4 Debtors 2023 2022
£ £
Other debtors 12,007 11,841
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,030 2,359
Taxation and social security costs 418 -
3,448 2,359
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 8,556 9,889
7 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years 3,222 4,556
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Scott Harrison
Unsecured, interest free loans - 260 - 260
- 260 - 260
9 Related party transactions
Dividends of £1,370 (2022: £nil) were paid to Scott Harrison during the period.

Interest free unsecured loans of £270 were advanced to Scott Harrison during the period. The balance due to the company at the period end was £270 (2022: £nil).

Unsecured, interest free loans totalling £11,747 (2021: £11,747) were due from Infiniti Fitness Gym Limited, a company of which Scott Harrison is a director and shareholder.
10 Controlling party
The company is controlled by Scott Harrison.
11 Other information
Infiniti Fitness 121 Limited is a private company limited by shares and incorporated in England. Its registered office is:
6 Parklands Drive
Sale
Cheshire
M33 4NU
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