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REGISTERED NUMBER: 08193277 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Infinite Direction Limited

Infinite Direction Limited (Registered number: 08193277)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Infinite Direction Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: L M Sheward
Mrs A Clarke-Sheward
Miss T Clarke-Sheward
D Sheward





REGISTERED OFFICE: 52 Bluebridge Road
Brookmans Park
Hatfield
Hertfordshire
AL9 7SA





REGISTERED NUMBER: 08193277 (England and Wales)





ACCOUNTANTS: Venture Consulting (UK) Ltd
52 Bluebridge Road
Brookmans Park
Hatfield
Hertfordshire
AL9 7SA

Infinite Direction Limited (Registered number: 08193277)

Balance Sheet
31 August 2024

31.8.24 31.8.23
as restated
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 404,251 378,311
Investments 6 114,781 -
519,032 378,311

CURRENT ASSETS
Debtors 7 22,454 44,274
Cash at bank 38,496 53,134
60,950 97,408
CREDITORS
Amounts falling due within one year 8 447,700 453,000
NET CURRENT LIABILITIES (386,750 ) (355,592 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,282

22,719

CREDITORS
Amounts falling due after more than one year 9 99,124 13,172
NET ASSETS 33,158 9,547

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 33,038 9,427
SHAREHOLDERS' FUNDS 33,158 9,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 6 June 2025 and were signed on its behalf by:





L M Sheward - Director


Infinite Direction Limited (Registered number: 08193277)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Infinite Direction Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 25% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

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 - 3 ) .

Infinite Direction Limited (Registered number: 08193277)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 50,000
AMORTISATION
At 1 September 2023
and 31 August 2024 50,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 285,277 309,013 594,290
Additions - 72,045 72,045
At 31 August 2024 285,277 381,058 666,335
DEPRECIATION
At 1 September 2023 62,767 153,212 215,979
Charge for year 11,411 34,694 46,105
At 31 August 2024 74,178 187,906 262,084
NET BOOK VALUE
At 31 August 2024 211,099 193,152 404,251
At 31 August 2023 222,510 155,801 378,311

6. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
Additions 114,781
At 31 August 2024 114,781
NET BOOK VALUE
At 31 August 2024 114,781

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
as restated
£    £   
Trade debtors 22,454 44,274

Infinite Direction Limited (Registered number: 08193277)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
as restated
£    £   
Bank loans and overdrafts 40,897 40,897
Trade creditors 54,039 40,590
Taxation and social security 40,888 36,397
Other creditors 311,876 335,116
447,700 453,000

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
as restated
£    £   
Other creditors 99,124 13,172