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Company Registration No. 09047591 (England and Wales)
Global Infinity Ltd Unaudited accounts for the year ended 31 May 2024
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Global Infinity Ltd for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Global Infinity Ltd for the year ended 31 May 2024 as set out on pages 3 - 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Sigma Chartered Accountants Chartered Accountants J O Hunter House 409 Bradford Road Huddersfield West Yorkshire HD2 2RB 15 October 2024
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Global Infinity Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
10 
10 
Fixed assets
Tangible assets
33,683 
- 
Current assets
Debtors
4,601 
143,976 
Cash at bank and in hand
114,904 
22,607 
119,505 
166,583 
Creditors: amounts falling due within one year
(104,225)
(146,798)
Net current assets
15,280 
19,785 
Total assets less current liabilities
48,973 
19,795 
Creditors: amounts falling due after more than one year
(40,519)
(19,785)
Provisions for liabilities
Deferred tax
(8,444)
- 
Net assets
10 
10 
Capital and reserves
Called up share capital
10 
10 
Shareholders' funds
10 
10 
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 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by
Mr Waleed Al-Janabi Director Company Registration No. 09047591
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Global Infinity Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Global Infinity Ltd is a private company, limited by shares, registered in England and Wales, registration number 09047591. The registered office is Building 3, Gelderd Road, City West Business Park, Leeds, LS12 6LN .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on cost
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 June 2023
3,854 
Additions
44,912 
At 31 May 2024
48,766 
Depreciation
At 1 June 2023
3,854 
Charge for the year
11,229 
At 31 May 2024
15,083 
Net book value
At 31 May 2024
33,683 
- 4 -
Global Infinity Ltd Notes to the Accounts for the year ended 31 May 2024
5
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 5 -