Factory Solutions Limited Filleted Accounts Cover
Factory Solutions Limited
Company No. 06964549
Information for Filing with The Registrar
31 July 2023
Factory Solutions Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 July 2023.
Principal activities
The principal activity of the company during the year under review was engineering and technical consultancy.
Directors
The Directors who served at any time during the year were as follows:
N.C. Duke
S.D. Duke
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
N.C. Duke
Director
03 April 2024
Factory Solutions Limited Balance Sheet Registrar
at
31 July 2023
Company No.
06964549
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
-269
-269
Current assets
Debtors
5
-9,031
Cash at bank and in hand
8,4645,092
8,46414,123
Creditors: Amount falling due within one year
6
(13,493)
(13,962)
Net current (liabilities)/assets
(5,029)
161
Total assets less current liabilities
(5,029)
430
Net (liabilities)/assets
(5,029)
430
Capital and reserves
Called up share capital
100100
Profit and loss account
8
(5,129)
330
Total equity
(5,029)
430
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 July 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 03 April 2024 and signed on its behalf by:
N.C. Duke
Director
03 April 2024
Factory Solutions Limited Notes to the Accounts Registrar
for the year ended 31 July 2023
1
General information
Factory Solutions Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 06964549
Its registered office is:
1 King Street
Worcester
Worcesershire
WR1 2NX
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer rebates and other similar allowances.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Furniture, fittings and equipment
25% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
At 1 August 2022
3,5093,509
At 31 July 2023
3,5093,509
Depreciation
At 1 August 2022
3,2403,240
Charge for the year
269269
At 31 July 2023
3,5093,509
Net book values
At 31 July 2023
--
At 31 July 2022
269
269
5
Debtors
2023
2022
£
£
Trade debtors
-9,031
-9,031
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Taxes and social security
1,588
1,649
Loans from directors
11,14611,555
Accruals and deferred income
759758
13,49313,962
7
Share Capital
The share capital, issued, allotted and fully paid, comprises 100 Ordinary shares of £1 each.
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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