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REGISTERED NUMBER: 08320320 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 26 JUNE 2024

FOR

INFINITY FIRE PREVENTION LTD

INFINITY FIRE PREVENTION LTD (REGISTERED NUMBER: 08320320)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 JUNE 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


INFINITY FIRE PREVENTION LTD (REGISTERED NUMBER: 08320320)

STATEMENT OF FINANCIAL POSITION
26 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 866,219 730,223
Investment property 5 556,933 556,933
1,423,152 1,287,156

CURRENT ASSETS
Inventories 406,763 865,759
Debtors 6 6,514,907 5,102,802
Cash at bank and in hand 1,364,937 1,197,881
8,286,607 7,166,442
CREDITORS
Amounts falling due within one year 7 5,027,118 4,129,647
NET CURRENT ASSETS 3,259,489 3,036,795
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,682,641

4,323,951

PROVISIONS FOR LIABILITIES 8 45,748 140
NET ASSETS 4,636,893 4,323,811

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,636,793 4,323,711
4,636,893 4,323,811

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 June 2025 and were signed by:



Mr M S Mahal - Director


INFINITY FIRE PREVENTION LTD (REGISTERED NUMBER: 08320320)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 JUNE 2024

1. STATUTORY INFORMATION

Infinity Fire Prevention Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08320320

Registered office: Flat 1 Sir Matt Busby Way
Old Trafford
Manchester
M16 0QG

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods.

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue is recognised when services are rendered to the customers.

Revenue represents the value of rental income chargeable in respect of the company's investment property.
Revenue is recognised evenly over the period of the rental agreement.

Property, plant and equipment
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

INFINITY FIRE PREVENTION LTD (REGISTERED NUMBER: 08320320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 26 JUNE 2024

2. ACCOUNTING POLICIES - continued

Investment property
Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure.

Subsequently it is measured at fair value at the reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred tax is provided on these gains at the rate expected to apply if the property is sold at the balance sheet date.

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of inventory sold is recognised as an expense in the period in which the related revenue is recognised.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Cash and cash equivalents
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

INFINITY FIRE PREVENTION LTD (REGISTERED NUMBER: 08320320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 26 JUNE 2024

2. ACCOUNTING POLICIES - continued

Change in comparatives
The accounts have been prepared for a period of 12 months whereas the comparatives are for a period of 17 months

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 16 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Leasehold Plant and and Motor
properties machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 27 June 2023 592,932 3,599 68,134 424,924 1,089,589
Additions - - 65,926 57,756 123,682
Disposals - - - (237,414 ) (237,414 )
At 26 June 2024 592,932 3,599 134,060 245,266 975,857
DEPRECIATION
At 27 June 2023 - 1,296 32,449 325,620 359,365
Charge for year - 345 5,352 20,844 26,541
Eliminated on disposal - - - (276,268 ) (276,268 )
At 26 June 2024 - 1,641 37,801 70,196 109,638
NET BOOK VALUE
At 26 June 2024 592,932 1,958 96,259 175,070 866,219
At 26 June 2023 592,932 2,303 35,685 99,304 730,224

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 27 June 2023
and 26 June 2024 556,933
NET BOOK VALUE
At 26 June 2024 556,933
At 26 June 2023 556,933

The director consider that the market value of the properties as at the year-end to be as stated in the financial statements.

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 1,619,530 193,059
Other debtors 2,287,084 2,301,450
3,906,614 2,494,509

INFINITY FIRE PREVENTION LTD (REGISTERED NUMBER: 08320320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 26 JUNE 2024

6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 2,608,293 2,608,293

Aggregate amounts 6,514,907 5,102,802

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,648,504 1,554,960
Taxation and social security 2,297,324 2,416,464
Other creditors 81,290 158,223
5,027,118 4,129,647

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 45,748 140

Deferred
tax
£   
Balance at 27 June 2023 140
Provided during year 45,608
Balance at 26 June 2024 45,748

9. OTHER FINANCIAL COMMITMENTS

The Company has annual commitment of £10,284 under non-cancellable operating leases expiring in 2027.

10. RELATED PARTY DISCLOSURES

Included in other debtors less than one year is an amount of £35,712 (2023: £4,974) due from a connected company under common directorship and shareholding. The amount is interest-free and recoverable on demand.

Included in other debtors more than one year is an amount of £2,608,293 (2023: £2,608,293) due from the director of the company. Interest of 2.25% is charged on the overdrawn balance.