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REGISTERED NUMBER: 12332657 (England and Wales)















INFINITY FIXINGS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023






INFINITY FIXINGS LTD (REGISTERED NUMBER: 12332657)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INFINITY FIXINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTOR: G H C Plaice





SECRETARY: S Plaice





REGISTERED OFFICE: 65-67 Caefelin Street
Llanhilleth
Abertillery
Blaenau Gwent
NP13 2JQ





REGISTERED NUMBER: 12332657 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

INFINITY FIXINGS LTD (REGISTERED NUMBER: 12332657)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,457 5,007

CURRENT ASSETS
Debtors 5 15,807 16,646
Cash at bank 783 412
16,590 17,058
CREDITORS
Amounts falling due within one year 6 19,270 20,864
NET CURRENT LIABILITIES (2,680 ) (3,806 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,777

1,201

PROVISIONS FOR LIABILITIES 757 951
NET ASSETS 1,020 250

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 920 150
SHAREHOLDERS' FUNDS 1,020 250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 FIXINGS LTD (REGISTERED NUMBER: 12332657)

BALANCE SHEET - continued
30TH NOVEMBER 2023


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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th August 2024 and were signed by:





G H C Plaice - Director


INFINITY FIXINGS LTD (REGISTERED NUMBER: 12332657)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Infinity Fixings 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 - 25% on reducing balance
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

INFINITY FIXINGS LTD (REGISTERED NUMBER: 12332657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st December 2022 769 8,750 9,519
Additions 554 - 554
At 30th November 2023 1,323 8,750 10,073
DEPRECIATION
At 1st December 2022 336 4,176 4,512
Charge for year 189 915 1,104
At 30th November 2023 525 5,091 5,616
NET BOOK VALUE
At 30th November 2023 798 3,659 4,457
At 30th November 2022 433 4,574 5,007

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,698 3,698
Directors' current accounts 11,278 11,377
Prepayments and accrued income 831 1,571
15,807 16,646

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation Tax 16,675 18,463
Accruals and deferred income 2,595 2,401
19,270 20,864

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
70 Ordinary A £1 70 70
30 Ordinary B £1 30 30
100 100

INFINITY FIXINGS LTD (REGISTERED NUMBER: 12332657)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

8. RELATED PARTY DISCLOSURES

The company had the following outstanding directors loan at the year end:
- The company was owed £11,278 from G H C Plaice (2022: £11,377).