2022-03-012023-02-282023-02-28false11815508INFINITY BRANDS 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INFINITY BRANDS LIMITED

Registered Number
11815508
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

INFINITY BRANDS LIMITED
Company Information
for the year from 1 March 2022 to 28 February 2023

Directors

Mr Justin Lowes
Ms Yanning Li

Registered Address

27 Old Gloucester Street
London
WC1N 3AX

Registered Number

11815508 (England and Wales)
INFINITY BRANDS LIMITED
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets633,5387,590
33,5387,590
Current assets
Stocks71,033,416466,435
Debtors8266,329203,808
Cash at bank and on hand1,128,3331,443,612
2,428,0782,113,855
Creditors amounts falling due within one year9(439,806)(973,662)
Net current assets (liabilities)1,988,2721,140,193
Total assets less current liabilities2,021,8101,147,783
Net assets2,021,8101,147,783
Capital and reserves
Called up share capital100100
Profit and loss account2,021,7101,147,683
Shareholders' funds2,021,8101,147,783
The financial statements were approved and authorised for issue by the Board of Directors on 22 November 2023, and are signed on its behalf by:
Mr Justin Lowes
Director
Ms Yanning Li
Director

Registered Company No. 11815508
INFINITY BRANDS LIMITED
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company in the year under review was that of online retailer.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Vehicles25-
Office Equipment-3
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
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.
Foreign currency translation and operations policy
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.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year22
6.Property, plant and equipment

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 March 22-12,29012,290
Additions26,9453,21330,158
At 28 February 2326,94515,50342,448
Depreciation and impairment
At 01 March 22-4,7004,700
Charge for year5613,6494,210
At 28 February 235618,3498,910
Net book value
At 28 February 2326,3847,15433,538
At 28 February 22-7,5907,590
7.Stocks

2023

2022

££
Finished goods1,033,416466,435
Total1,033,416466,435
8.Debtors

2023

2022

££
Trade debtors / trade receivables259,058182,529
Other debtors2,44519,001
Prepayments and accrued income4,8262,278
Total266,329203,808
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables69,956462,158
Bank borrowings and overdrafts8,680158,723
Taxation and social security338,378342,478
Other creditors453157
Accrued liabilities and deferred income22,33910,146
Total439,806973,662