Company No: 03097436 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Ingeborg Helene Aygen
	Sitke Aygen
	Stephen Jonathan Morrell

SECRETARY

Ingeborg Helene Aygen

REGISTERED OFFICE	Wellington House
	Aviator Court
	York
	YO30 4UZ
	United Kingdom

COMPANY NUMBER

03097436 (England and Wales)

ACCOUNTANT	Brodericks (York) Ltd
	Wellington House
	Aviator Court
	York
	YO30 4UZ

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	3,626		3,588
		3,626		3,588
Current assets
Stocks	5	139,517		106,455
Debtors
- due within one year	6	63,081		101,545
- due after more than one year	6	170,300		170,300
Cash at bank and in hand	7	133,305		132,943
		506,203		511,243
Creditors: amounts falling due within one year	8	( 522,124)		( 413,383)
Net current (liabilities)/assets		(15,921)		97,860
Total assets less current liabilities		(12,295)		101,448
Net (liabilities)/assets		( 12,295)		101,448
Capital and reserves
Called-up share capital	10	1,012,060		1,012,060
Profit and loss account		( 1,024,355 )		( 910,612 )
Total shareholder's (deficit)/funds		( 12,295)		101,448

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Infai U.K. Ltd. (registered number: 03097436) were approved and authorised for issue by the Board of Directors on 22 July 2025. They were signed on its behalf by:

Sitke Aygen Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Infai U.K. Ltd. (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wellington House, Aviator Court, York, YO30 4UZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.	3 years straight line
	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2024	74,936		74,936
Additions	1,666		1,666
Disposals	( 142)		( 142)
At 31 December 2024	76,460		76,460
Accumulated depreciation
At 01 January 2024	71,348		71,348
Charge for the financial year	1,627		1,627
Disposals	( 141)		( 141)
At 31 December 2024	72,834		72,834
Net book value
At 31 December 2024	3,626		3,626
At 31 December 2023	3,588		3,588

5. Stocks

	2024		2023
	£		£
Stocks	139,517		106,455

6. Debtors

	2024		2023
	£		£
Debtors: amounts falling due within one year
Trade debtors	54,141		71,002
Other debtors	8,940		30,543
	63,081		101,545
Debtors: amounts falling due after more than one year
Deferred tax asset	170,300		170,300

7. Cash and cash equivalents

	2024		2023
	£		£
Cash at bank and in hand	133,305		132,943

8. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	530,846		406,402
Other taxation and social security	( 15,937)		1,101
Other creditors	7,215		5,880
	522,124		413,383

9. Deferred tax

	2024		2023
	£		£
At the beginning of financial year	170,300		170,300
At the end of financial year	170,300		170,300

10. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
1,012,060 Ordinary shares of £ 1.00 each	1,012,060		1,012,060