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REGISTERED NUMBER: 10671912 (England and Wales)















Infinite Bespoke Interiors Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Infinite Bespoke Interiors Limited (Registered number: 10671912)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


Infinite Bespoke Interiors Limited (Registered number: 10671912)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 9,111 11,687

CURRENT ASSETS
Stocks 37,707 -
Debtors 6 71,079 70,045
Cash at bank 34,541 45,246
143,327 115,291
CREDITORS
Amounts falling due within one year 7 144,275 104,810
NET CURRENT (LIABILITIES)/ASSETS (948 ) 10,481
TOTAL ASSETS LESS CURRENT LIABILITIES 8,163 22,168

CREDITORS
Amounts falling due after more than one year 8 6,133 10,733
NET ASSETS 2,030 11,435

CAPITAL AND RESERVES
Called up share capital 9 150 150
Retained earnings 10 1,880 11,285
SHAREHOLDERS' FUNDS 2,030 11,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Infinite Bespoke Interiors Limited (Registered number: 10671912)

Balance Sheet - continued
31 March 2024


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 by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





M P Jubbs - Director


Infinite Bespoke Interiors Limited (Registered number: 10671912)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Infinite Bespoke Interiors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10671912

Registered office: 1 Greenfield View
Roper Lane
Queensbury
Bradford
BD13 2DQ

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

When the outcome of a contract can be estimated reliably, revenue is recognised by reference to the stage of completion of the contract activity at the year end (percentage of completion method). The company determines the stage of completion of a contract by calculating the proportion that costs incurred for work performed to date bear to the estimated total costs.

When the outcome of a contract cannot be estimated reliably, the company recognises revenue only to the extent of costs incurred that it is probable will be recoverable.

When it is probable that total costs will exceed total revenue on a contract, the expected loss is recognised as an expense immediately, with a corresponding provision for an onerous contract.

Infinite Bespoke Interiors Limited (Registered number: 10671912)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price and any costs directly attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter:
Fixtures, fittings and equipment- 20% straight line
Motor vehicles- 25% reducing balance

At each reporting period end, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount is the higher of fair value less costs to sell and value in use. An impairment loss is recognised immediately in profit or loss.

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.

Infinite Bespoke Interiors Limited (Registered number: 10671912)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 26,575
Additions 794
At 31 March 2024 27,369
DEPRECIATION
At 1 April 2023 14,888
Charge for year 3,370
At 31 March 2024 18,258
NET BOOK VALUE
At 31 March 2024 9,111
At 31 March 2023 11,687

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 23,000 65,393
Other debtors 48,079 4,652
71,079 70,045

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,600 4,600
Trade creditors 15,474 6,927
Taxation and social security 1,867 16,079
Other creditors 122,334 77,204
144,275 104,810

Infinite Bespoke Interiors Limited (Registered number: 10671912)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 6,133 10,733

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
150 Ordinary £1 150 150

10. RESERVES
Retained
earnings
£   

At 1 April 2023 11,285
Profit for the year 4,595
Dividends (14,000 )
At 31 March 2024 1,880

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
M P Jubbs
Balance outstanding at start of year - -
Amounts advanced 13,395 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,395 -

R P Watson
Balance outstanding at start of year - -
Amounts advanced 7,919 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,919 -

Infinite Bespoke Interiors Limited (Registered number: 10671912)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The directors' advances shown above have been repaid after the year end.