ACCOUNTS - Final Accounts preparation



	Emerge Infinite Limited












	Unaudited
	Financial statements

	For the year ended 31 December 2024

	Registered number: 08887752


Emerge Infinite Limited - Registered number:08887752

Statement of financial position

As at 31 December 2024

	2024	2024	2023	2023
Note	£	£	£	£


Current assets
Debtors	4	100,179		130,115
Cash at bank and in hand		48,600		79,004
		148,779		209,119
Creditors: amounts falling due within one year	5	(350,904)		(366,469)
Net current liabilities			(202,125)		(157,350)
Total assets less current liabilities			(202,125)		(157,350)

Net liabilities			(202,125)		(157,350)

Capital and reserves
Share capital	1	1
Profit and loss account	(202,126)	(157,351)
	(202,125)	(157,350)

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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Emerge Infinite Limited - Registered number:08887752

Statement of financial position (continued)

As at 31 December 2024

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the director:

L J Linder

Director

Date: 2 September 2025

The notes on pages 3 to 6 form part of these financial statements.

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Emerge Infinite Limited

Notes to the financial statements

For the year ended 31 December 2024

1.	General information

The company is a private company limited by shares and incorporated in England and Wales. Its registered office is C/O Buzzacott LLP, 130 Wood Street, London, EC2V 6DL. The company registration number is 8887752.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

2.2

Going concern

At the reporting date, the company's liabilities exceeded its assets. The company has received assurance
from the director that he will continue to give financial support to the company for a period of at least
twelve months from the date of approval of these financial statements, sufficient to enable the company to
meet its liabilities as and when they fall due for the foreseeable future and defer repayment of any amounts
owed to him in favour of other creditors.
Should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's financial statements may be invalid and adjustments would have to be made necessary should this basis not continue to be appropriate.

2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

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Emerge Infinite Limited

Notes to the financial statements

For the year ended 31 December 2024

2.Accounting policies (continued)

2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of turnover can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from other third parties.

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Emerge Infinite Limited

Notes to the financial statements

For the year ended 31 December 2024

2.Accounting policies (continued)

2.10

Pensions

Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in the statement of income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

2.11

Taxation

Tax is recognised in the statement of income and retained earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Employees

The average monthly number of employees, including the director, during the year was 7 (2023 -8).

Debtors

					2024	2023
					£	£


Trade debtors	100,178	130,114
Unpaid share capital	1	1
	100,179	130,115

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Emerge Infinite Limited

Notes to the financial statements

For the year ended 31 December 2024

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	1,389	375
Other taxation and social security	37,975	60,615
Other creditors	305,065	299,329
Accruals	6,475	6,150
	350,904	366,469

6.	Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately
from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £7,264 (2023 - £8,446). Contributions totalling £1,239 (2023 - £1,981) were payable to the fund as at 31 December 2024.

7.	Related party transactions
	During the year the company received net advances of £85,736 (2023 - £59,976) from a company under common control. In the year invoices were issued to this creditor of £80,000 (2023 - £61,957). At the balance sheet date £305,065 (2023 - £299,329) was owed to this company. This loan was interest free and repayable on demand.

8.	Controlling party

The ultimate controlling party of the company during the year ended 31 December 2024 was L J Linder, by virtue of his controlling interest in the issued share capital of the parent company, Emerge 360, inc.
The smallest and largest group for which consolidated financial statements are prepared, which include the company, is Emerge 360, inc. Its registered office is 412 Linden Ave, Rochester, New York, 14625.

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