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REGISTERED NUMBER: 04848400 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Infact UK Limited

Infact UK Limited (Registered number: 04848400)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Infact UK Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: R G Hamilton





REGISTERED OFFICE: Suite 4
10/12 The Grove
Ilkley
West Yorkshire
LS29 9EG





REGISTERED NUMBER: 04848400 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 4, 10/12 The Grove,
Ilkley
West Yorkshire
LS29 9EG

Infact UK Limited (Registered number: 04848400)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 3 10,000 -
Tangible assets 4 5,403 2,737
15,403 2,737

CURRENT ASSETS
Stocks 97,735 386,983
Debtors 5 2,091,167 1,244,857
Cash at bank and in hand 5,471,916 6,613,194
7,660,818 8,245,034
CREDITORS
Amounts falling due within one year 6 (471,499 ) (1,392,887 )
NET CURRENT ASSETS 7,189,319 6,852,147
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,204,722

6,854,884

PROVISIONS FOR LIABILITIES 7 (3,836 ) (506 )
NET ASSETS 7,200,886 6,854,378

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 7,200,786 6,854,278
SHAREHOLDERS' FUNDS 7,200,886 6,854,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Infact UK Limited (Registered number: 04848400)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 December 2024 and were signed by:





R G Hamilton - Director


Infact UK Limited (Registered number: 04848400)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. 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.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

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 cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Infact UK Limited (Registered number: 04848400)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES - continued

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 9 ) .

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 11,500
At 31 December 2023 11,500
AMORTISATION
Charge for year 1,500
At 31 December 2023 1,500
NET BOOK VALUE
At 31 December 2023 10,000

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 3,437 2,775 39,846 46,058
Additions - - 4,816 4,816
Disposals (3,437 ) (2,775 ) - (6,212 )
At 31 December 2023 - - 44,662 44,662
DEPRECIATION
At 1 January 2023 3,437 2,775 37,109 43,321
Charge for year - - 2,150 2,150
Eliminated on disposal (3,437 ) (2,775 ) - (6,212 )
At 31 December 2023 - - 39,259 39,259
NET BOOK VALUE
At 31 December 2023 - - 5,403 5,403
At 31 December 2022 - - 2,737 2,737

Infact UK Limited (Registered number: 04848400)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 709,278 1,244,857
Other debtors 684,442 -
Directors' current accounts 684,643 -
VAT 4,448 -
Prepayments 8,356 -
2,091,167 1,244,857

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,433 1,154
Corporation tax 287,509 906,746
Social security and other tax 24,033 26,459
Pension Liability 2,268 -
VAT - 149,380
Other creditors 788 238,291
Wages payable 3,614 -
Directors' current accounts - 65,045
Deferred income 135,389 -
Accrued expenses 7,465 5,812
471,499 1,392,887

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,836 506

Deferred
tax
£   
Balance at 1 January 2023 506
Charge to Income Statement during year 3,330
Deferred tax
Balance at 31 December 2023 3,836

8. CALLED UP SHARE CAPITAL

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

Infact UK Limited (Registered number: 04848400)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. RESERVES
Retained
earnings
£   

At 1 January 2023 6,854,278
Profit for the year 346,508
At 31 December 2023 7,200,786

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company paid no dividends to the directors' through the year (2022 - £500,000). Thc director owed the company £684,643 as at 31st December 2023. This loan to the director was repaid in February 2024. The company owed the director £65,045 as at 31st December 2022.