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REGISTERED NUMBER: 11644858 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 October 2023

for

INFINITY ME LIMITED

INFINITY ME LIMITED (REGISTERED NUMBER: 11644858)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INFINITY ME LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: A Chapman
Mrs T Thawornakarapat





REGISTERED OFFICE: Darcia House
1 Wesleyan Fold
Upper Lane
Halifax
HX3 7EE





REGISTERED NUMBER: 11644858 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

INFINITY ME LIMITED (REGISTERED NUMBER: 11644858)

Balance Sheet
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 66,478 31,642

CURRENT ASSETS
Debtors 6 595 9,923
Cash at bank 47,493 44,168
48,088 54,091
CREDITORS
Amounts falling due within one year 7 (7,898 ) (3,406 )
NET CURRENT ASSETS 40,190 50,685
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,668

82,327

CREDITORS
Amounts falling due after more than one year 8 (47,234 ) (36,335 )

PROVISIONS FOR LIABILITIES (8,831 ) (6,012 )
NET ASSETS 50,603 39,980

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 50,503 39,880
50,603 39,980

INFINITY ME LIMITED (REGISTERED NUMBER: 11644858)

Balance Sheet - continued
31 OCTOBER 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





A Chapman - Director


INFINITY ME LIMITED (REGISTERED NUMBER: 11644858)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Infinity Me 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts chargeable in respect of the provision of services to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

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 ME LIMITED (REGISTERED NUMBER: 11644858)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 November 2022 74,161
Additions 81,402
Disposals (74,161 )
At 31 October 2023 81,402
DEPRECIATION
At 1 November 2022 42,519
Charge for year 15,451
Eliminated on disposal (43,046 )
At 31 October 2023 14,924
NET BOOK VALUE
At 31 October 2023 66,478
At 31 October 2022 31,642

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 8,240
Other debtors 595 1,683
595 9,923

INFINITY ME LIMITED (REGISTERED NUMBER: 11644858)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 7,886 2,985
Taxation and social security - 309
Other creditors 12 112
7,898 3,406

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 47,234 36,335

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 7,886 2,985
Between one and five years 47,234 36,335
55,120 39,320

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 55,120 39,320

Hire purchase liabilities are secured over the asset to which the liability relates.