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REGISTERED NUMBER: 11290391 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

INFINOX LIMITED

INFINOX LIMITED (REGISTERED NUMBER: 11290391)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INFINOX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: G N Copland



REGISTERED OFFICE: Dawson House
5 Jewry Street
London
EC3N 2EX



REGISTERED NUMBER: 11290391 (England and Wales)



SENIOR STATUTORY AUDITOR: Simon Lawrence FCCA



AUDITORS: Ashdown Hurrey Auditors Limited
Statutory Auditor
20 Havelock Road
Hastings
East Sussex
TN34 1BP

INFINOX LIMITED (REGISTERED NUMBER: 11290391)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 91,841 2,335,048
Cash at bank 489,362 171,457
581,203 2,506,505
CREDITORS
Amounts falling due within one year 5 576,375 2,468,557
NET CURRENT ASSETS 4,828 37,948
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,828

37,948

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,728 37,848
4,828 37,948

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 director and authorised for issue on 30 January 2025 and were signed by:





G N Copland - Director


INFINOX LIMITED (REGISTERED NUMBER: 11290391)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Infinox 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.

2. 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.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover
Turnover represents the provision of outsourcing services to foreign entities, excluding VAT.

Services become due at the end of the month in which the relevant expenditure is incurred.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 36 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 26,940 588,105
Amounts owed by group undertakings 5,930 776,486
Other debtors 49,506 65,332
Prepayments and accrued income 9,465 5,125
Accrued income - 900,000
91,841 2,335,048

INFINOX LIMITED (REGISTERED NUMBER: 11290391)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 9,288 6,953
Amounts owed to group undertakings 534,410 -
Tax - 308
Social security and other taxes 26,676 78,777
Accrued expenses 6,001 2,382,519
576,375 2,468,557

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Simon Lawrence FCCA (Senior Statutory Auditor)
for and on behalf of Ashdown Hurrey Auditors Limited

7. RELATED PARTY DISCLOSURES

The company supplies outsourcing services to other group companies. During the year sales of £3,164,180 (2022: £6,869,963) were raised and at the year end £528,480 was owed to group companies. At 31 December 2022 £458,509 was owed by group companies. These amounts are all interest free and have no terms attached.

8. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.