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Registered number: 08525006
Infinity Security Systems Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
MSB Basildon
36 Southernhay
Basildon Town Centre
Essex
SS14 1ET
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 08525006
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 23,518 643
23,518 643
CURRENT ASSETS
Debtors 5 1,954 4,189
Cash at bank and in hand 41,633 53,459
43,587 57,648
Creditors: Amounts Falling Due Within One Year 6 (32,030 ) (13,245 )
NET CURRENT ASSETS (LIABILITIES) 11,557 44,403
TOTAL ASSETS LESS CURRENT LIABILITIES 35,075 45,046
Creditors: Amounts Falling Due After More Than One Year 7 (25,383 ) (10,245 )
NET ASSETS 9,692 34,801
CAPITAL AND RESERVES
Called up share capital 9 100 100
Income Statement 9,592 34,701
SHAREHOLDERS' FUNDS 9,692 34,801
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Robert Morris
Director
24/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Infinity Security Systems Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08525006 . The registered office is 36 Southernhay, Basildon, Essex, SS14 1ET.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under 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 the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 
2 (2023: 2)
2 2
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 - 1,656 1,656
Additions 25,455 - 25,455
As at 31 May 2024 25,455 1,656 27,111
Depreciation
As at 1 June 2023 - 1,013 1,013
Provided during the period 2,197 383 2,580
As at 31 May 2024 2,197 1,396 3,593
Net Book Value
As at 31 May 2024 23,258 260 23,518
As at 1 June 2023 - 643 643
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,954 4,096
PAYE - 93
1,954 4,189
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,392 -
Bank loans and overdrafts 5,416 5,549
PAYE 201 -
VAT 1,492 2,129
Net wages 2,109 -
Accruals and deferred income 1,000 1,150
Director's loan account 17,420 4,417
32,030 13,245
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 19,966 -
Bank loans 5,417 10,245
25,383 10,245
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8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,392 -
Later than one year and not later than five years 19,966 -
24,358 -
24,358 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Robert Morris 4,000 2,000
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