REGISTERED NUMBER: 04521964 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

INFINIUM IT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Miles

D J Massey

REGISTERED OFFICE:

Unit 4

Bartle Court Business Village

Rosemary Lane

Preston

Lancashire

PR4 0HB

REGISTERED NUMBER:

04521964 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

63,760

24,854

Investments

6

100

100

63,860

24,954

CURRENT ASSETS

Stocks

195,015

179,492

Debtors

7

651,269

687,839

Cash at bank and in hand

305,534

12,231

1,151,818

879,562

CREDITORS

Amounts falling due within one year

8

1,506,359

1,026,715

NET CURRENT LIABILITIES

(354,541

)

(147,153

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(290,681

)

(122,199

)

CREDITORS

Amounts falling due after more than one year

9

(32,702

)

(82,902

)

PROVISIONS FOR LIABILITIES

(3,512

)

(3,512

)

NET LIABILITIES

(326,895

)

(208,613

)

CAPITAL AND RESERVES

Called up share capital

200

200

Share premium

14,990

14,990

Retained earnings

(342,085

)

(223,803

)

SHAREHOLDERS' FUNDS

(326,895

)

(208,613

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 29 December 2025 and were signed on its behalf by:

P Miles - Director

1.	STATUTORY INFORMATION

Infinium IT Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered address can be found on the Company Information Page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Infinium IT Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Going concern

These financial statements have been prepared on a going concern basis. Although the company reported a deficit of net assets at the balance sheet date, the directors and the parent company have confirmed their commitment to provide any necessary financial support for at least 12 months from the date of approval of these financial statements. In addition, the company has realised significant deferred income, secured new contracts during the year, and improved profitability, resulting in a return to a positive net assets position. Furthermore, the group has been refinanced to ensure sufficient funds are available to continue trading into the foreseeable future.

Turnover

Turnover represents the net value of services provided, excluding value added tax.

The company's principal sources of revenue are generated and recognised as follows:

(i) Consulting fees & Business solutions - revenues are generated from consulting projects. Consultancy fees are charged to customers either on a daily basis or per project. The company recognised revenue from consultancy and Business solutions as the services are delivered.

(ii) Maintenance & support - revenues are generated from the sale of technical support services to users of the company's software. Maintenance & support contracts are normally renewable annually. The company recognises revenues over the term of each contract on a straight line basis.

(iii) Hosting and connectivity - revenues are generated from the provision of hosting and connectivity services. Hosting and connectivity is normally billed annually in advance and the company accordingly recognises revenues month by month on a straight line basis, although the underlying hosting contracts are typically for periods of 12 months or longer.

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.

Brand development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment - 33% on cost and 25% on reducing balance

Fixtures and fittings - 25% on reducing balance

Motor Vehicles - 25% on reducing balance

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks

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

Taxation

Taxation for the year 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

The tax currently payable is based on the taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income and expenses that are taxable or deductible in other years and it further excludes that are not taxable or deductible.

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 year 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments

Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently at amortized cost, net of impairment.

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts.

Trade and other creditors are initially recognised at the transaction price and are therefore stated at amortized cost using the effective interest method unless the discounting would be immaterial, in which case they are stated at cost.

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2024 - 35 ) .

4.	INTANGIBLE FIXED ASSETS

Brand

development

costs

£

COST

At 1 April 2024

and 31 March 2025

8,580

AMORTISATION

At 1 April 2024

and 31 March 2025

8,580

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Motor

equipment

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

756,792

67,627

35,585

860,004

Additions

117,415

-

-

117,415

At 31 March 2025

874,207

67,627

35,585

977,419

DEPRECIATION

At 1 April 2024

741,554

64,917

28,679

835,150

Charge for year

75,273

1,473

1,763

78,509

At 31 March 2025

816,827

66,390

30,442

913,659

NET BOOK VALUE

At 31 March 2025

57,380

1,237

5,143

63,760

At 31 March 2024

15,238

2,710

6,906

24,854

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Office

equipment

£

COST

At 1 April 2024

81,045

Additions

12,420

Transfer to ownership

(81,045

)

At 31 March 2025

12,420

DEPRECIATION

At 1 April 2024

50,653

Charge for year

4,140

Transfer to ownership

(50,653

)

At 31 March 2025

4,140

NET BOOK VALUE

At 31 March 2025

8,280

At 31 March 2024

30,392

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Trade debtors

564,583

352,741

Amounts owed by group undertakings

4,440

197,807

Other debtors

82,246

137,291

651,269

687,839

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Bank loan

50,000

50,000

Hire purchase contracts (see note 10)

8,005

7,756

Trade creditors

349,003

242,230

Amounts owed to group undertakings

400,768

90,303

Social security and other taxes

26,591

34,037

VAT

151,285

97,603

Other creditors

36,719

7,301

Company credit card

29,690

18,267

Accruals and deferred income

454,298

479,218

1,506,359

1,026,715

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Bank loan - 1-2 years

32,702

50,000

Bank loan - 2-5 years

-

32,902

32,702

82,902

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

as restated

£

£

Net obligations repayable:

Within one year

8,005

7,756

Non-cancellable

operating leases

31.3.25

31.3.24

as restated

£

£

Within one year

-

1,237

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

as restated

£

£

Hire purchase contracts

8,005

7,756

The hire purchase liabilities are secured by fixed charges over the assets subject to the hire purchase contracts.

12.	CONTINGENT LIABILITIES

A group VAT registration was in existence during the year which included Infinium IT Limited and certain other group companies. At the year end, the amount due to HM Revenue and Customs in relation to the other group companies totalled £Nil (2024-£Nil).

The office rental operating lease commitment of Infinium IT Limited's ultimate parent company, Infinium Group Limited, is cross guaranteed by Infinium IT Limited and certain other group companies. At the year end, the commitment totalled £nil (2024 £Nil)

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14.	POST BALANCE SHEET EVENTS

After the year end, Infinium Group Limited, the immediate parent undertaking of the company, was acquired by Infinium Bidco Limited, a subsidiary of Infinium Topco Limited. As a result of this transaction, Infinium Topco Limited became the company’s ultimate controlling party.

This is a non-adjusting post balance sheet event and has therefore not been reflected in these financial statements.

15.	ULTIMATE CONTROLLING PARTY

The parent company of Infinium IT Limited is Infinium Group Limited, which has a registered office address of Unit 4, Bartle Court Business Village Rosemary Lane, Bartle, Preston, England, PR4 0HB.