Company Registration No. 07292096 (England and Wales)
THE IMAGINATION FACTORY LIMITED
Unaudited accounts
for the year ended 30 June 2023
THE IMAGINATION FACTORY LIMITED
Unaudited accounts
Contents
THE IMAGINATION FACTORY LIMITED
Company Information
for the year ended 30 June 2023
Directors
SWAN, Julian Francis Ralph
BURTON, Alastair Austin
Company Number
07292096 (England and Wales)
Registered Office
114 POWER ROAD STUDIOS
POWER ROAD
LONDON
W4 5PY
ENGLAND
Accountants
Thriveworks Ltd
4a The Barns, Bulrushes Farm
Coombe Hill Road
East Grinstead
West Sussex
RH19 4LZ
THE IMAGINATION FACTORY LIMITED
Statement of financial position
as at 30 June 2023
Tangible assets
6,698
15,123
Cash at bank and in hand
43,563
154,266
Creditors: amounts falling due within one year
(161,955)
(146,334)
Net current (liabilities)/assets
(297)
193,514
Total assets less current liabilities
6,401
208,637
Creditors: amounts falling due after more than one year
(120,789)
(182,163)
Net (liabilities)/assets
(114,388)
26,474
Called up share capital
100
100
Profit and loss account
(114,488)
26,374
Shareholders' funds
(114,388)
26,474
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by
BURTON, Alastair Austin
Director
Company Registration No. 07292096
THE IMAGINATION FACTORY LIMITED
Notes to the Accounts
for the year ended 30 June 2023
THE IMAGINATION FACTORY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07292096. The registered office is 114 POWER ROAD STUDIOS, POWER ROAD, LONDON, W4 5PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
13,112
65,866
78,978
At 30 June 2023
13,403
66,383
79,786
At 1 July 2022
9,568
54,287
63,855
Charge for the year
1,201
8,032
9,233
At 30 June 2023
10,769
62,319
73,088
At 30 June 2023
2,634
4,064
6,698
At 30 June 2022
3,544
11,579
15,123
THE IMAGINATION FACTORY LIMITED
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Trade debtors
49,727
46,070
Accrued income and prepayments
36,661
41,434
Other debtors
23,079
98,078
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
61,374
58,386
Trade creditors
54,943
10,791
Taxes and social security
44,637
32,239
Other creditors
1,001
1,819
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
120,789
182,163
8
Transactions with related parties
There are two related party transactions included in Other Debtors:
Loan to SwimAR Limited £17,723
Payments on behalf of PlasmaTrack Ltd £5,355
9
Average number of employees
During the year the average number of employees was 9 (2022: 10).