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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
Page
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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
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THE IMAGINATION FACTORY LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,698 
15,123 
Current assets
Debtors
118,095 
185,582 
Cash at bank and in hand
43,563 
154,266 
161,658 
339,848 
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 
Capital and reserves
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
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THE IMAGINATION FACTORY LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
4 years
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 
Additions
291 
517 
808 
At 30 June 2023
13,403 
66,383 
79,786 
Depreciation
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 
Net book value
At 30 June 2023
2,634 
4,064 
6,698 
At 30 June 2022
3,544 
11,579 
15,123 
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THE IMAGINATION FACTORY LIMITED Notes to the Accounts for the year ended 30 June 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
8,628 
- 
Trade debtors
49,727 
46,070 
Accrued income and prepayments
36,661 
41,434 
Other debtors
23,079 
98,078 
118,095 
185,582 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
61,374 
58,386 
VAT
- 
26,466 
Trade creditors
54,943 
10,791 
Taxes and social security
44,637 
32,239 
Other creditors
1,001 
1,819 
Accruals
- 
16,633 
161,955 
146,334 
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).
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