Company registration number: 14303390
Unaudited financial statements
for the year ended 31 August 2024
for
Infinity Business Coaching Ltd
Pages for filing with the Registrar
Company registration number: 14303390
Infinity Business Coaching Ltd
Balance sheet
as at 31 August 2024
31 Aug 24 31 Aug 23
Note £ £ £ £
Fixed assets
Tangible assets 4 6,374 -
6,374 -
Current assets
Debtors 11,013 -
Cash at bank and in hand 86 999
11,099 999
Creditors: amounts falling due within one
year
(79,193) -
Net current (liabilities)/assets (68,094) 999
Total assets less current liabilities (61,720) 999
NET (LIABILITIES)/ASSETS (61,720) 999
Capital and reserves
Called up share capital 999 999
Profit and loss account (62,719) -
TOTAL EQUITY (61,720) 999
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 August 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 14303390
Infinity Business Coaching Ltd
Balance sheet - continued
as at 31 August 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr S Messruther, Director
24 March 2025
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Infinity Business Coaching Ltd
Notes to the financial statements
for the year ended 31 August 2024
1 Company information
Infinity Business Coaching Ltd is a private company registered in England and Wales. Its registered number is 14303390. The company is limited by shares. Its registered office is Unit 12, Londesborough Road Industrial Estate, Scarborough, North Yorkshire, YO12 5AF.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and machinery - 25% reducing balance
Fixtures and fittings - 20% reducing balance
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 1 (2023 - 1).
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Infinity Business Coaching Ltd
Notes to the financial statements - continued
for the year ended 31 August 2024
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
Additions 8,236
At 31 August 2024 8,236
Depreciation
Charge for year 1,862
At 31 August 2024 1,862
Net book value
At 31 August 2024 6,374
At 31 August 2023 -
5 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the periods ended 31 August 2024 and 31 August 2023.
31 Aug 24 31 Aug 23
£ £
Mr S Messruther
Amounts repaid (76,165) -
Balance outstanding at end of year (76,165) -
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