Infinity Apparel Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07484364 (England and Wales)

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

for

Infinity Apparel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Beahon

T Beahon

D Cohen

S Puddy

REGISTERED OFFICE:

1 Central Street

Manchester

M2 5WR

REGISTERED NUMBER:

07484364 (England and Wales)

ACCOUNTANTS:

DJH Liverpool

3rd Floor Pacific Chambers

11-13 Victoria Street

Liverpool

Merseyside

L2 5QQ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

-

267,084

-

267,084

CURRENT ASSETS

Debtors

6

250,000

1,242,192

Cash at bank

4,160

64,922

254,160

1,307,114

CREDITORS

Amounts falling due within one year

7

214,159

1,445,271

NET CURRENT ASSETS/(LIABILITIES)

40,001

(138,157

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

40,001

128,927

CREDITORS

Amounts falling due after more than one
year

8

-

(14,167

)

PROVISIONS FOR LIABILITIES

-

(64,028

)

NET ASSETS

40,001

50,732

CAPITAL AND RESERVES

Called up share capital

1,000

Share premium

39,000

Retained earnings

1

10,732

40,001

50,732

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 Apparel 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

Land and buildings

-

Over term of lease

Plant and machinery etc

-

33% on cost, 15% on cost and 10% on cost

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Computer

Goodwill

software

Totals

£

COST

At 1 January 2024

90,000

5,764

95,764

Additions

-

4,050

Disposals

-

(9,814

)

(9,814

)

At 31 January 2025

90,000

-

90,000

AMORTISATION

At 1 January 2024

90,000

5,764

95,764

Amortisation for period

-

1,153

Eliminated on disposal

-

(6,917

)

(6,917

)

At 31 January 2025

90,000

-

90,000

NET BOOK VALUE

At 31 January 2025

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Computer

leasehold

machinery

fittings

equipment

Totals

£

COST

At 1 January 2024

77,263

671,984

29,209

35,243

813,699

Additions

-

6,250

-

6,250

Disposals

(77,263

)

(678,234

)

(29,209

)

(35,243

)

(819,949

)

At 31 January 2025

-

DEPRECIATION

At 1 January 2024

40,963

448,294

22,359

35,000

546,616

Charge for period

953

21,805

3,229

243

26,230

Eliminated on disposal

(41,916

)

(470,099

)

(25,588

)

(35,243

)

(572,846

)

At 31 January 2025

-

NET BOOK VALUE

At 31 January 2025

-

At 31 December 2023

36,300

223,690

6,850

243

267,083

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.12.23

£

Trade debtors

-

1,222,693

Amounts owed by group undertakings

250,000

-

Other debtors

-

2,521

Tax

-

16,978

250,000

1,242,192

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.12.23

£

Bank loans and overdrafts

13,333

10,000

Hire purchase contracts

-

11,882

Trade creditors

1,294

325,934

Amounts owed to group undertakings

29,700

-

Social security and other taxes

19,898

24,417

VAT

583

119,496

Other creditors

143,003

920,255

Directors' current accounts

-

16,845

Deferred income

-

4,875

Accrued expenses

6,348

11,567

214,159

1,445,271

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.1.25

31.12.23

£

Bank loans - 1-2 years

-

14,167

9.	RELATED PARTY DISCLOSURES

Within trade debtors are amounts due of £nil (2023 - £1,227,406) from Infinity Incorporated Ltd, a company under common control.

Within amounts owed by group undertakings are amounts due of £250,000 (2023 - £nil) from Infinity Incorporated Ltd, a company under common control.

Within trade creditors are amounts due of £nil (2023 - £319,242) to Infinity Incorporated Ltd, a company under common control.

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

Within amounts owed to group undertakings are amounts due of £29,700 (2023 - £nil) to Infinity Incorporated Group Ltd, the parent company.

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.