Registered number
07411184
Infinity Project Engineers Limited
Filleted Accounts
31 October 2024
Infinity Project Engineers Limited
Registered number: 07411184
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,259 2,514
Current assets
Debtors 4 229,504 177,675
Cash at bank and in hand 119,830 90,329
349,334 268,004
Creditors: amounts falling due within one year 5 (110,888) (145,120)
Net current assets 238,446 122,884
Net assets 242,705 125,398
Capital and reserves
Called up share capital 1 1
Capital redemption reserve 1 1
Profit and loss account 242,703 125,396
Shareholders' funds 242,705 125,398
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Tredwin
Director
Approved by the board on 24 July 2025
Infinity Project Engineers Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Turnover
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles over 4 years
Computer Equipment over 3 years
Plant and machinery over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks 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 stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Plant and Machinery Office Equipment Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 46,187 8,145 9,758 64,090
Additions 649 4,013 - 4,662
At 31 October 2024 46,836 12,158 9,758 68,752
Depreciation
At 1 November 2023 44,290 7,528 9,758 61,576
Charge for the year 1,185 1,732 - 2,917
At 31 October 2024 45,475 9,260 9,758 64,493
Net book value
At 31 October 2024 1,361 2,898 - 4,259
At 31 October 2023 1,897 617 - 2,514
4 Debtors 2024 2023
£ £
Trade debtors 117,839 151,974
Other debtors 111,665 25,701
229,504 177,675
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 11,624 49,828
Taxation and social security costs 46,533 12,798
Other creditors 52,731 82,494
110,888 145,120
6 Other information
Infinity Project Engineers Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2 Chaters Close
Tipton
DY4 8EU
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