2023-03-012024-02-292024-02-29false11815508INFINITY BRANDS 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INFINITY BRANDS LIMITED

Registered Number
11815508
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

INFINITY BRANDS LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

Ms Yanning Li
Mr Justin Lowes

Registered Address

27 Old Gloucester Street
London
WC1N 3AX

Registered Number

11815508 (England and Wales)
INFINITY BRANDS LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3116,56033,538
116,56033,538
Current assets
Stocks41,237,7921,033,416
Debtors5446,833266,329
Cash at bank and on hand2,079,3971,128,333
3,764,0222,428,078
Creditors amounts falling due within one year6(697,596)(439,806)
Net current assets (liabilities)3,066,4261,988,272
Total assets less current liabilities3,182,9862,021,810
Net assets3,182,9862,021,810
Capital and reserves
Called up share capital100100
Profit and loss account3,182,8862,021,710
Shareholders' funds3,182,9862,021,810
The financial statements were approved and authorised for issue by the Board of Directors on 28 November 2024, and are signed on its behalf by:
Mr Justin Lowes
Director
Ms Yanning Li
Director

Registered Company No. 11815508
INFINITY BRANDS LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 March 2326,94515,50342,448
Additions91,0005,08496,084
Disposals-(425)(425)
At 29 February 24117,94520,162138,107
Depreciation and impairment
At 01 March 235618,3498,910
Charge for year8,4924,57013,062
On disposals-(425)(425)
At 29 February 249,05312,49421,547
Net book value
At 29 February 24108,8927,668116,560
At 28 February 2326,3847,15433,538
4.Stocks

2024

2023

££
Finished goods1,237,7921,033,416
Total1,237,7921,033,416
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables342,353185,314
Other debtors99,34376,189
Prepayments and accrued income5,1374,826
Total446,833266,329
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables115,54451,729
Bank borrowings and overdrafts37,2359,133
Taxation and social security485,374338,378
Other creditors59,44318,228
Accrued liabilities and deferred income-22,338
Total697,596439,806