2023-09-012024-08-312024-08-31false10903325INFINITY BLUE GROUP 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INFINITY BLUE GROUP LTD

Registered Number
10903325
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

INFINITY BLUE GROUP LTD
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

BAKER, Alan Newington
DONOGHUE, Andrew Peter Derek

Registered Address

1 Victoria Avenue
Second Floor
Harrogate
HG1 1EQ

Registered Number

10903325 (England and Wales)
INFINITY BLUE GROUP LTD
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets33,0006,000
Tangible assets41,2341,521
4,2347,521
Current assets
Debtors5140,425105,931
Cash at bank and on hand-16,352
140,425122,283
Creditors amounts falling due within one year6(129,687)(63,233)
Net current assets (liabilities)10,73859,050
Total assets less current liabilities14,97266,571
Creditors amounts falling due after one year(11,528)(16,705)
Provisions for liabilities(234)(289)
Net assets3,21049,577
Capital and reserves
Called up share capital1010
Share premium11,99211,992
Other reserves(62,500)(30,000)
Profit and loss account53,70867,575
Shareholders' funds3,21049,577
The financial statements were approved and authorised for issue by the Board of Directors on 19 June 2025, and are signed on its behalf by:
BAKER, Alan Newington
Director
Registered Company No. 10903325
INFINITY BLUE GROUP LTD
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The directors have reviewed the financial position of the company and they are of the consideration that the company will continue trading as a going concern.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery3
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year76
3.Intangible assets

Total

£
Cost or valuation
At 01 September 2315,000
At 31 August 2415,000
Amortisation and impairment
At 01 September 239,000
Charge for year3,000
At 31 August 2412,000
Net book value
At 31 August 243,000
At 31 August 236,000
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 September 232,282
Additions531
At 31 August 242,813
Depreciation and impairment
At 01 September 23760
Charge for year819
At 31 August 241,580
Net book value
At 31 August 241,234
At 31 August 231,521
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables38,93030,050
Other debtors82,18342,000
Prepayments and accrued income19,31233,881
Total140,425105,931
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables14,1191,829
Bank borrowings and overdrafts43,075-
Taxation and social security39,70250,363
Other creditors32,7919,141
Accrued liabilities and deferred income-1,900
Total129,68763,233
7.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
BAKER, Alan Newington21,00042,00023,00040,000
DONOGHUE, Andrew Peter Derek21,00044,18323,00042,183
42,00086,18346,00082,183
Both directors has debit balance, we have not calculated S455 tax yet. We have assumed it will repay within next nine month.