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REGISTERED NUMBER: 10013560 (England and Wales)















THE FACTORY CREATIVE LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






THE FACTORY CREATIVE LTD (REGISTERED NUMBER: 10013560)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


THE FACTORY CREATIVE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







Director: S P C Collymore





Registered office: 2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR





Registered number: 10013560 (England and Wales)





Accountants: Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR

THE FACTORY CREATIVE LTD (REGISTERED NUMBER: 10013560)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 57,155 74,780

Current assets
Debtors 5 9,359 18,278
Cash in hand (1,698 ) (5,634 )
7,661 12,644
Creditors
Amounts falling due within one year 6 39,743 40,813
Net current liabilities (32,082 ) (28,169 )
Total assets less current liabilities 25,073 46,611

Creditors
Amounts falling due after more than one
year

7

27,442

37,271
Net (liabilities)/assets (2,369 ) 9,340

Capital and reserves
Called up share capital 8 1,100 1,100
Retained earnings (3,469 ) 8,240
Shareholders' funds (2,369 ) 9,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 2 November 2023 and were signed by:





S P C Collymore - Director


THE FACTORY CREATIVE LTD (REGISTERED NUMBER: 10013560)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. Statutory information

The Factory Creative Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

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 1 (2022 - 1 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 March 2022 141,930
Additions 1,429
At 28 February 2023 143,359
Depreciation
At 1 March 2022 67,150
Charge for year 19,054
At 28 February 2023 86,204
Net book value
At 28 February 2023 57,155
At 28 February 2022 74,780

THE FACTORY CREATIVE LTD (REGISTERED NUMBER: 10013560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 7,826 17,977
Other debtors 1,533 301
9,359 18,278

6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 29,424 18,658
Trade creditors 2,734 7,119
Taxation and social security 1,779 3,475
Other creditors 5,806 11,561
39,743 40,813

7. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 27,442 37,271

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,000 Ordinary £1 1,000 1,000
100 A Ordinary £1 100 100
1,100 1,100

9. Ultimate controlling party

The ultimate controlling party is S P C Collymore.