1 January 2024 v2025.14.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetrueNo description of principal activity00falsetruexbrli:purexbrli:sharesiso4217:GBP117094222024-01-012024-12-31117094222024-12-31117094222023-12-3111709422core:WithinOneYear2024-12-3111709422core:WithinOneYear2023-12-3111709422core:ShareCapital2024-12-3111709422core:ShareCapital2023-12-3111709422core:RetainedEarningsAccumulatedLosses2024-12-3111709422core:RetainedEarningsAccumulatedLosses2023-12-3111709422bus:Director12024-01-012024-12-3111709422bus:RegisteredOffice2024-01-012024-12-31117094222023-01-012023-12-3111709422countries:EnglandWales2024-01-012024-12-3111709422bus:AuditExempt-NoAccountantsReport2024-01-012024-12-3111709422bus:PrivateLimitedCompanyLtd2024-01-012024-12-3111709422bus:SmallEntities2024-01-012024-12-3111709422bus:FullAccounts2024-01-012024-12-31
Company registration number:
11709422
INFINITY ASSOCIATES LTD
Unaudited Filleted Financial Statements for the year ended
31 December 2024
INFINITY ASSOCIATES LTD
Statement of Financial Position
31 December 2024
20242023
Note££
Current assets    
Debtors 5
113,368
 
100,599
 
Cash at bank and in hand
149,631
 
148,463
 
262,999
 
249,062
 
Creditors: amounts falling due within one year 6
(82,303
)
(99,612
)
Net current assets
180,696
 
149,450
 
Total assets less current liabilities 180,696   149,450  
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
180,694
 
149,448
 
Shareholders funds
180,696
 
149,450
 
For the year ending
31 December 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
6 March 2025
, and are signed on behalf of the board by:
Mr T Dickson
Director
Company registration number:
11709422
INFINITY ASSOCIATES LTD
Notes to the Financial Statements
Year ended
31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Bramhall House 14 Ack Lane East
,
Bramhall
,
Stockport
,
SK7 2BY
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Debtors

20242023
££
Trade debtors
104,625
 
98,970
 
Other debtors
8,743
 
1,629
 
113,368
 
100,599
 

6 Creditors: amounts falling due within one year

20242023
££
Trade creditors
54,795
 
67,153
 
Taxation and social security
20,663
 
12,112
 
Other creditors
6,845
 
20,347
 
82,303
 
99,612