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Company Registration No. 11909640 (England and Wales)
INFINITY FX GROUP LIMITED Unaudited accounts for the year ended 31 March 2024
INFINITY FX GROUP LIMITED Unaudited accounts Contents
Page
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INFINITY FX GROUP LIMITED Company Information for the year ended 31 March 2024
Director
Moya McQueen
Company Number
11909640 (England and Wales)
Registered Office
Apartment 3 123-129 Lark Lane Liverpool L17 8UR England
Accountants
Scott Accountancy Services 119 Lanchester Avenue Gateshead Tyne & Wear NE9 7AN
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INFINITY FX GROUP LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
546 
1,039 
Current assets
Cash at bank and in hand
2,792 
18,027 
Creditors: amounts falling due within one year
(5,546)
(6,839)
Net current (liabilities)/assets
(2,754)
11,188 
Total assets less current liabilities
(2,208)
12,227 
Creditors: amounts falling due after more than one year
(19,533)
(19,400)
Net liabilities
(21,741)
(7,173)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(21,742)
(7,174)
Shareholders' funds
(21,741)
(7,173)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 February 2025 and were signed on its behalf by
Moya McQueen Director Company Registration No. 11909640
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INFINITY FX GROUP LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
INFINITY FX GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11909640. The registered office is Apartment 3 , 123-129 Lark Lane, Liverpool, L17 8UR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Reducing Balance
Computer equipment
33.33% Straight Line
Going Concern
The director draws attention to the continuing impact of what is being termed the cost of living crisis as well as the shifting position and barriers to free financial trading between the EU and UK. This resulted in the company having no financially viable contract for the majority of the reporting period. This trend reversed at the end of the period after the director pursued several new avenues and this pursuit ended as she retrained to access a new contract under a new system. It should be noted that whilst there are no immediate issues over whether the business is viable, there is some reliance on the director and loan creditor working with the business during this period to enable the business to remain viable.
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INFINITY FX GROUP LIMITED Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
136 
2,997 
3,133 
At 31 March 2024
136 
2,997 
3,133 
Depreciation
At 1 April 2023
63 
2,031 
2,094 
Charge for the year
10 
483 
493 
At 31 March 2024
73 
2,514 
2,587 
Net book value
At 31 March 2024
63 
483 
546 
At 31 March 2023
73 
966 
1,039 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,167 
4,167 
Taxes and social security
304 
2,073 
Accruals
1,075 
599 
5,546 
6,839 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,533 
19,400 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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