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Company Registration No. 7338252 (England and Wales)
Infinity Hair Limited Unaudited accounts for the year ended 31 August 2024
Infinity Hair Limited Unaudited accounts Contents
Page
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Infinity Hair Limited Company Information for the year ended 31 August 2024
Director
David Alex Skett
Company Number
7338252 (England and Wales)
Registered Office
52-54 Warrington Road Platt Bridge Wigan Lancashire WN2 5JA UK
Accountants
UK Taxshops 155 Chapel Street Leigh Lancashire WN7 2AL
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Infinity Hair Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
12,000 
12,000 
Tangible assets
190 
224 
12,190 
12,224 
Current assets
Cash at bank and in hand
8,104 
8,947 
Creditors: amounts falling due within one year
(6,091)
(3,186)
Net current assets
2,013 
5,761 
Net assets
14,203 
17,985 
Capital and reserves
Share premium
1 
1 
Profit and loss account
14,202 
17,984 
Shareholders' funds
14,203 
17,985 
For the year ending 31 August 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 his 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 31 May 2025 and were signed on its behalf by
David Alex Skett Director Company Registration No. 7338252
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Infinity Hair Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Infinity Hair Limited is a private company, limited by shares, registered in England and Wales, registration number 7338252. The registered office is 52-54 Warrington Road, Platt Bridge, Wigan, Lancashire, WN2 5JA, UK.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2023
12,000 
At 31 August 2024
12,000 
Amortisation
At 1 September 2023
- 
At 31 August 2024
- 
Net book value
At 31 August 2024
12,000 
At 31 August 2023
12,000 
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Infinity Hair Limited Notes to the Accounts for the year ended 31 August 2024
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2023
3,000 
At 31 August 2024
3,000 
Depreciation
At 1 September 2023
2,776 
Charge for the year
34 
At 31 August 2024
2,810 
Net book value
At 31 August 2024
190 
At 31 August 2023
224 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
(1,459)
(714)
Loans from directors
7,550 
3,900 
6,091 
3,186 
7
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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