Infinity Team Ltd - Filleted accounts

Registered number

13111864

Infinity Team Ltd

Unaudited Filleted Accounts

31 January 2025

Infinity Team Ltd
Registered number:		13111864
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		356			487
Investments	4		295			295
			651			782

Current assets
Debtors	5	43,179			41,928
Cash at bank and in hand		431			630
		43,610			42,558

Creditors: amounts falling due within one year	6	(27,399)			(28,368)

Net current assets			16,211			14,190

Total assets less current liabilities			16,862			14,972


Provisions for liabilities			(84)			(116)


Net assets			16,778			14,856

Capital and reserves
Called up share capital			100			100
Profit and loss account			16,678			14,756

Shareholders' funds			16,778			14,856

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.




Mr D Regan
Director
Approved by the board on 31 October 2025

Infinity Team Ltd
Notes to the Accounts
for the year ended 31 January 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.

	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. 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 includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

	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	25% reducing balance
	Fixtures, fittings, tools and equipment	25% straight line

	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.

	Debtors and creditors receivable/ payable within one year
	Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.

	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.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2024	150		500		650
	At 31 January 2025	150		500		650

	Depreciation
	At 1 February 2024	38		125		163
	Charge for the year	37		94		131
	At 31 January 2025	75		219		294

	Net book value
	At 31 January 2025	75		281		356
	At 31 January 2024	112		375		487


4	Investments

Other
investments
£
	Cost
	At 1 February 2024					295

	At 31 January 2025					295


5	Debtors			2025		2024
£					£

	Trade debtors			771		10,324
	Other debtors			42,408		31,604
				43,179		41,928


6	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			1,932		6,950
	Taxation and social security costs			6,671		4,033
	Other creditors			18,796		17,385
				27,399		28,368


7	Other information

	Infinity Team Ltd is a private company limited by shares and incorporated in England. Its registered office is:

	Unit 1a Venn Farm Units
	Kings Mill Road
	Cullompton
	Devon
	EX15 1QN