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REGISTERED NUMBER: 09832057 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

INFINITY DOORS LTD

INFINITY DOORS LTD (REGISTERED NUMBER: 09832057)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INFINITY DOORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTORS: Mr A Simmons
Mrs D Simmons





REGISTERED OFFICE: Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 09832057 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

INFINITY DOORS LTD (REGISTERED NUMBER: 09832057)

BALANCE SHEET
31 OCTOBER 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,076 9,615

CURRENT ASSETS
Stocks - 20,304
Debtors 5 6,776 15,366
Cash at bank 16,651 3,566
23,427 39,236
CREDITORS
Amounts falling due within one year 6 28,267 37,062
NET CURRENT (LIABILITIES)/ASSETS (4,840 ) 2,174
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,236

11,789

CREDITORS
Amounts falling due after more than one
year

7

-

(1,426

)

PROVISIONS FOR LIABILITIES 8 (1,344 ) (1,827 )
NET ASSETS 892 8,536

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 890 8,534
SHAREHOLDERS' FUNDS 892 8,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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.

INFINITY DOORS LTD (REGISTERED NUMBER: 09832057)

BALANCE SHEET - continued
31 OCTOBER 2022


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 and authorised for issue by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:




Mr A Simmons - Director



Mrs D Simmons - Director


INFINITY DOORS LTD (REGISTERED NUMBER: 09832057)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022

1. STATUTORY INFORMATION

Infinity Doors Ltd 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.

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 and 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

INFINITY DOORS LTD (REGISTERED NUMBER: 09832057)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2021
and 31 October 2022 31,214
DEPRECIATION
At 1 November 2021 21,599
Charge for year 2,539
At 31 October 2022 24,138
NET BOOK VALUE
At 31 October 2022 7,076
At 31 October 2021 9,615

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade debtors 150 3,460
Other debtors 6,626 11,906
6,776 15,366

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Hire purchase contracts 1,426 2,445
Taxation and social security 6,284 16,714
Other creditors 20,557 17,903
28,267 37,062

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.22 31.10.21
£    £   
Hire purchase contracts - 1,426

8. PROVISIONS FOR LIABILITIES
31.10.22 31.10.21
£    £   
Deferred tax 1,344 1,827

INFINITY DOORS LTD (REGISTERED NUMBER: 09832057)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2021 1,827
Credit to Income Statement during year (483 )
Balance at 31 October 2022 1,344

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2022 and 31 October 2021:

31.10.22 31.10.21
£    £   
Mr A Simmons and Mrs D Simmons
Balance outstanding at start of year 8,802 8,408
Amounts advanced 889 30,706
Amounts repaid (9,691 ) (30,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 8,802

10. RELATED PARTY DISCLOSURES

The aggregate amount owed to the director at the balance sheet date is £7,423 (31.10.21: owed by £8,802).

11. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr A and Mrs D Simmons.