REGISTERED NUMBER: 03582519 (England and Wales)

Unaudited Financial Statements for the Period 1 January 2024 to 31 January 2025

for

Infinity Incorporated Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Puddy

D Cohen

P Beahon

T Beahon

REGISTERED OFFICE:

1 Central Street

Manchester

M2 5WR

REGISTERED NUMBER:

03582519 (England and Wales)

ACCOUNTANTS:

DJH Liverpool

3rd Floor Pacific Chambers

11-13 Victoria Street

Liverpool

Merseyside

L2 5QQ

FIXED ASSETS

Intangible assets

4

18,682

15,785

Tangible assets

5

353,965

191,776

372,647

207,561

CURRENT ASSETS

Stocks

390,005

183,893

Debtors

6

1,012,988

3,094,935

Cash at bank and in hand

142,442

64,958

1,545,435

3,343,786

CREDITORS

Amounts falling due within one year

7

2,061,131

2,722,598

NET CURRENT (LIABILITIES)/ASSETS

(515,696

)

621,188

TOTAL ASSETS LESS CURRENT LIABILITIES

(143,049

)

828,749

CREDITORS

Amounts falling due after more than one year

8

(50,742

)

(116,163

)

PROVISIONS FOR LIABILITIES

-

(34,979

)

NET (LIABILITIES)/ASSETS

(193,791

)

677,607

CAPITAL AND RESERVES

Called up share capital

114

114

Retained earnings

(193,905

)

677,493

(193,791

)

677,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 1 October 2025 and were signed on its behalf by:

S Puddy - Director

1.	STATUTORY INFORMATION

Infinity Incorporated Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill is being amortised evenly over its estimated useful life of 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the

acquisition date where it is probable that the expected future economic benefits that are attributable to the

asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their

following useful lives:

Patents and licences - 10 years

Software - 3 years

Web development - 10 years

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance, 25% reducing balance and 15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 36 (2023 - 36 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

139,972

41,955

181,927

Additions

-

2,897

2,897

At 31 January 2025

139,972

44,852

184,824

AMORTISATION

At 1 January 2024

and 31 January 2025

139,972

26,170

166,142

NET BOOK VALUE

At 31 January 2025

-

18,682

18,682

At 31 December 2023

-

15,785

15,785

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

-

545,978

545,978

Additions

35,347

242,450

277,797

At 31 January 2025

35,347

788,428

823,775

DEPRECIATION

At 1 January 2024

-

354,202

354,202

Charge for period

-

115,608

115,608

At 31 January 2025

-

469,810

469,810

NET BOOK VALUE

At 31 January 2025

35,347

318,618

353,965

At 31 December 2023

-

191,776

191,776

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.12.23

£

£

Trade debtors

612,527

1,131,873

Amounts owed by group undertakings

79,408

797,643

Other debtors

321,053

1,165,419

1,012,988

3,094,935

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.12.23

£

£

Bank loans and overdrafts

10,000

15,431

Hire purchase contracts

23,877

7,503

Trade creditors

1,031,948

1,981,336

Amounts owed to group undertakings

250,000

-

Taxation and social security

108,285

71,168

Other creditors

637,021

647,160

2,061,131

2,722,598

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.12.23

£

£

Bank loans

6,666

12,901

Hire purchase contracts

44,076

103,262

50,742

116,163

9.	RELATED PARTY DISCLOSURES

Within trade debtors are amounts due of £nil (2023 - £319,242) from Infinity Apparel Ltd, a company under common control.

Also included within trade debtors are amounts due of £331,990 (2023 - £nil) from J.Carter Sporting Club Ltd, the ultimate controlling party.

Within other debtors are amounts due of £137,887 (2023 - £914,783) from Infinity Apparel Ltd a company under common control.

Within trade creditors are amounts due of £nil (2023 - £1,227,406) to Infinity Apparel Ltd.

Within amounts owed by group undertakings are amounts due of £56,758 (2023 - £797,643) from Infinity Incorporated Group Ltd.

Within amounts owed to group undertakings are amounts due of £250,000 (2023 - £nil) to Infinity Apparel Ltd.

10.	ULTIMATE CONTROLLING PARTY

The parent Company is Infinity Incorporated Group Ltd, it's registered office is 1 Central Street, Manchester, M2 5WR.

The ultimate controlling party is considered to be J. Carter Sporting Club Ltd. It's registered office is 1 Central Street, Manchester, M2 5WR.