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REGISTERED NUMBER: 09692288 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

OFFICINA FUTURE LIMITED

OFFICINA FUTURE LIMITED (REGISTERED NUMBER: 09692288)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


OFFICINA FUTURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: M M Alemagna





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 09692288 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

OFFICINA FUTURE LIMITED (REGISTERED NUMBER: 09692288)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,348 7,889

CURRENT ASSETS
Debtors 5 240,130 1,509,836
Cash at bank 199,504 1,831,949
439,634 3,341,785
CREDITORS
Amounts falling due within one year 6 240,246 556,826
NET CURRENT ASSETS 199,388 2,784,959
TOTAL ASSETS LESS CURRENT
LIABILITIES

202,736

2,792,848

CREDITORS
Amounts falling due after more than one
year

7

-

(369

)

PROVISIONS FOR LIABILITIES (837 ) (1,499 )
NET ASSETS 201,899 2,790,980

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 201,898 2,790,979
201,899 2,790,980

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 3 October 2023 and were signed by:





M M Alemagna - Director


OFFICINA FUTURE LIMITED (REGISTERED NUMBER: 09692288)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Officina Future 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.

Turnover
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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 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 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

OFFICINA FUTURE LIMITED (REGISTERED NUMBER: 09692288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 523 16,639 17,162
DEPRECIATION
At 1 February 2022 339 8,934 9,273
Charge for year 46 4,495 4,541
At 31 January 2023 385 13,429 13,814
NET BOOK VALUE
At 31 January 2023 138 3,210 3,348
At 31 January 2022 184 7,705 7,889

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 228,617 149,693
Amounts owed by group undertakings 180 -
Directors' loan accounts - 1,355,301
Prepayments 11,333 4,842
240,130 1,509,836

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 369 669
Trade creditors 600 420
Tax 190,717 397,160
VAT 3,026 7,384
Directors' loan accounts 13,414 -
Deferred income - 149,008
Accrued expenses 32,120 2,185
240,246 556,826

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 369

OFFICINA FUTURE LIMITED (REGISTERED NUMBER: 09692288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 January 2023 and the period ended 31 January 2022:

2023 2022
£    £   
M M Alemagna
Balance outstanding at start of year 1,355,301 2,366
Amounts advanced 218,794 1,453,605
Amounts repaid (1,587,509 ) (100,670 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (13,414 ) 1,355,301

This balance represented the maximum amount outstanding during the period and the loan is repayable on demand.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Fabrica Future Limited.

This was by virtue of their 100% holding of the issued share capital.