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Registered number: 14692690

INFINITY PRIZE DRAWS LIMITED

ACCOUNTS
FOR THE 181 DAY PERIOD ENDED 28/02/2024

Prepared By:
NCL Services Ltd
Chartered Certified Accountants
3 Wood Close
Strensall
York
N Yorks
YO32 5YH

INFINITY PRIZE DRAWS LIMITED

ACCOUNTS
FOR THE 181 DAY PERIOD ENDED 28/02/2024
DIRECTORS
T Laverack
L Hardy
REGISTERED OFFICE
Unit 19 D, H O S M Ind Estate
Skiff Lane , Holme On Spalding Moor
York
N Yorks
YO43 4BB
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 14692690
ACCOUNTANTS
NCL Services Ltd
Chartered Certified Accountants
3 Wood Close
Strensall
York
N Yorks
YO32 5YH

INFINITY PRIZE DRAWS LIMITED

ACCOUNTS
FOR THE181 DAY PERIODENDED28/02/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

INFINITY PRIZE DRAWS LIMITED

BALANCE SHEET AT 28/02/2024
2024
Notes£
CURRENT ASSETS
Stock2,020
Cash at bank and in hand8,183
10,203
CREDITORS: Amounts falling due within one year4140,800
NET CURRENT LIABILITIES(130,597)
TOTAL ASSETS LESS CURRENT LIABILITIES(130,597)
CAPITAL AND RESERVES
Called up share capital5100
Profit and loss account(130,697)
SHAREHOLDERS' FUNDS(130,597)
For the year ending 28/02/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 27/09/2024 and signed on their behalf by
.............................
T Laverack
Director
.............................
L Hardy
Director

INFINITY PRIZE DRAWS LIMITED

NOTES TO THE ACCOUNTS
FOR THE 181 DAY PERIOD ENDED 28/02/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
2024
No.No.
Average number of employees-
3. STOCK 2024
£
Stock comprises:
Stock2,020
2,020

INFINITY PRIZE DRAWS LIMITED

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
£
Directors current account139,900
Trade creditors900
140,800
5. SHARE CAPITAL 2024
£
Allotted, issued and fully paid:
100 of £ each100.00
100
New shares issued during period:
100 of £ each100.00
100