Registered number
09359007
INFI-TEX LTD
Filleted Accounts
31 December 2023
INFI-TEX LTD
Registered number: 09359007
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 51,073 63,752
Current assets
Cash at bank and in hand 188 1,026
Creditors: amounts falling due within one year 4 (159,116) (153,613)
Net current liabilities (158,928) (152,587)
Total assets less current liabilities (107,855) (88,835)
Creditors: amounts falling due after more than one year 5 (648,610) (544,298)
Net liabilities (756,465) (633,133)
Capital and reserves
Called up share capital 100 100
Profit and loss account (756,565) (633,233)
Shareholder's funds (756,465) (633,133)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Waiman
Director
Approved by the board on 23 September 2024
INFI-TEX LTD
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Going Concern
The accounts are prepared on a going concern basis given the assurances of the beneficial owner to
continue to financially support the company.
2 Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Cost
At 1 January 2023 126,789
Additions -
Disposals -
At 31 December 2023 126,789
At 1 January 2023 63,037
Provided during the year 12,679
On disposals -
At 31 December 2023 75,716
At 31 December 2023 51,073
At 31 December 2022 63,752
The intangible assets are being amortised over 10 years
4 Creditors: amounts falling due within one year 2023 2022
£ £
Accrued and deferred income 2,053 2,394
Other creditors 157,063 151,219
159,116 153,613
5 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 648,610 544,298
6 Other information
INFI-TEX LTD is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
HA7 1JS
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