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REGISTERED NUMBER: 08102548 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Infinity Sports Management Ltd

Infinity Sports Management Ltd (Registered number: 08102548)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Infinity Sports Management Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: G Catt
Mrs M Catt
J H Soden
J S Soden





REGISTERED OFFICE: Suite 4 Silverstone Park
Silverstone Circuit
Silverstone
Towcester





REGISTERED NUMBER: 08102548 (England and Wales)





ACCOUNTANTS: Moneywise Midlands
Office 4, Third Floor
26 Church Street
Kidderminster
Worcestershire
DY10 2AR

Infinity Sports Management Ltd (Registered number: 08102548)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 125,297 161,959

CURRENT ASSETS
Debtors 5 133,070 679,895
Cash at bank and in hand 529,928 281,234
662,998 961,129
CREDITORS
Amounts falling due within one year 6 267,595 727,289
NET CURRENT ASSETS 395,403 233,840
TOTAL ASSETS LESS CURRENT
LIABILITIES

520,700

395,799

CREDITORS
Amounts falling due after more than
one year

7

143,102

183,518
NET ASSETS 377,598 212,281

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8 377,596 212,279
SHAREHOLDERS' FUNDS 377,598 212,281

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Sports Management Ltd (Registered number: 08102548)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 March 2025 and were signed on its behalf by:




G Catt - Director



J H Soden - Director


Infinity Sports Management Ltd (Registered number: 08102548)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Infinity Sports Management Ltd 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.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Infinity Sports Management Ltd (Registered number: 08102548)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2023 46,101 255,182 301,283
Additions 5,104 - 5,104
At 30 June 2024 51,205 255,182 306,387
DEPRECIATION
At 1 July 2023 27,681 111,643 139,324
Charge for year 5,881 35,885 41,766
At 30 June 2024 33,562 147,528 181,090
NET BOOK VALUE
At 30 June 2024 17,643 107,654 125,297
At 30 June 2023 18,420 143,539 161,959

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 126,327 673,152
Other debtors 6,743 6,743
133,070 679,895

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 30,416 30,416
Trade creditors 13,865 27,655
Taxation and social security 151,225 66,451
Other creditors 62,089 592,767
267,595 727,289

Infinity Sports Management Ltd (Registered number: 08102548)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 9,167 19,167
Hire purchase contracts 133,935 164,351
143,102 183,518

8. RESERVES
Retained
earnings
£   

At 1 July 2023 212,279
Profit for the year 347,317
Dividends (182,000 )
At 30 June 2024 377,596