IRIS Accounts Production v24.3.2.46 08675765 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh086757652023-09-30086757652024-09-30086757652023-10-012024-09-30086757652022-09-30086757652022-10-012023-09-30086757652023-09-3008675765ns15:EnglandWales2023-10-012024-09-3008675765ns14:PoundSterling2023-10-012024-09-3008675765ns10:Director12023-10-012024-09-3008675765ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3008675765ns10:SmallEntities2023-10-012024-09-3008675765ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3008675765ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3008675765ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3008675765ns10:FullAccounts2023-10-012024-09-3008675765ns10:Director22023-10-012024-09-3008675765ns10:RegisteredOffice2023-10-012024-09-3008675765ns5:CurrentFinancialInstruments2024-09-3008675765ns5:CurrentFinancialInstruments2023-09-3008675765ns5:Non-currentFinancialInstruments2024-09-3008675765ns5:Non-currentFinancialInstruments2023-09-3008675765ns5:ShareCapital2024-09-3008675765ns5:ShareCapital2023-09-3008675765ns5:RetainedEarningsAccumulatedLosses2024-09-3008675765ns5:RetainedEarningsAccumulatedLosses2023-09-3008675765ns5:PlantMachinery2023-10-012024-09-3008675765ns5:FurnitureFittings2023-10-012024-09-3008675765ns5:MotorVehicles2023-10-012024-09-3008675765ns5:PlantMachinery2023-09-3008675765ns5:FurnitureFittings2023-09-3008675765ns5:MotorVehicles2023-09-3008675765ns5:PlantMachinery2024-09-3008675765ns5:FurnitureFittings2024-09-3008675765ns5:MotorVehicles2024-09-3008675765ns5:PlantMachinery2023-09-3008675765ns5:FurnitureFittings2023-09-3008675765ns5:MotorVehicles2023-09-3008675765ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3008675765ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30
REGISTERED NUMBER: 08675765 (England and Wales)














INFINITY BUILDING SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






INFINITY BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 08675765)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


INFINITY BUILDING SOLUTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: T C Butler
Mrs A Butler





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 08675765 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

INFINITY BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 08675765)

STATEMENT OF FINANCIAL POSITION
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 13,487 1,007

CURRENT ASSETS
Debtors 6 62,211 25,083
Cash at bank 58,686 46,288
120,897 71,371
CREDITORS
Amounts falling due within one year 7 94,475 55,366
NET CURRENT ASSETS 26,422 16,005
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,909

17,012

CREDITORS
Amounts falling due after more than one
year

8

-

(2,812

)

PROVISIONS FOR LIABILITIES (2,563 ) (191 )
NET ASSETS 37,346 14,009

CAPITAL AND RESERVES
Called up, paid and allotted share capital 4 4
Retained earnings 37,342 14,005
SHAREHOLDERS' FUNDS 37,346 14,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

INFINITY BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 08675765)

STATEMENT OF FINANCIAL POSITION - continued
30 September 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





T C Butler - Director


INFINITY BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 08675765)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Infinity Building Solutions Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

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 equipment - 10% on cost
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

INFINITY BUILDING SOLUTIONS LIMITED (REGISTERED NUMBER: 08675765)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
equipment fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 3,692 242 4,620 8,554
Additions 2,234 - 13,500 15,734
Disposals - - (4,620 ) (4,620 )
At 30 September 2024 5,926 242 13,500 19,668
DEPRECIATION
At 1 October 2023 2,701 226 4,620 7,547
Charge for year 550 4 2,700 3,254
Eliminated on disposal - - (4,620 ) (4,620 )
At 30 September 2024 3,251 230 2,700 6,181
NET BOOK VALUE
At 30 September 2024 2,675 12 10,800 13,487
At 30 September 2023 991 16 - 1,007

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,861 6,986
Other debtors 25,350 18,097
62,211 25,083

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,812 9,800
Trade creditors 1,328 -
Taxation and social security 20,749 3,416
Other creditors 69,586 42,150
94,475 55,366

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2,812

9. RELATED PARTY DISCLOSURES

The directors operate loan accounts with the company. During the year. loans in aggregate of £24,305 were provided to the company. At the year end, the balance owed to the Directors were £66,456.