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REGISTERED NUMBER: 08706301 (England and Wales)


























Financial Statements

for the Year Ended 30 September 2023

for

The Pen Factory Ltd

The Pen Factory Ltd (Registered number: 08706301)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 2


The Pen Factory Ltd (Registered number: 08706301)

Abridged Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,407 82,643

CURRENT ASSETS
Stocks 8,500 8,500
Debtors 20,555 24,896
Cash at bank 39,342 25,271
68,397 58,667
CREDITORS
Amounts falling due within one year 371,825 381,498
NET CURRENT LIABILITIES (303,428 ) (322,831 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(259,021

)

(240,188

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (259,121 ) (240,288 )
SHAREHOLDERS' FUNDS (259,021 ) (240,188 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:



P J Byrne - Director


The Pen Factory Ltd (Registered number: 08706301)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

The Pen Factory Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08706301

Registered office: 13 Hope Street
Liverpool
L1 9BQ

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.

The company has net liabilities of £259,021 (2022 - £240,188). Having reviewed current trading levels and future prospects for the forthcoming year, the directors consider it appropriate to prepare the financial statements on the going concern basis.

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.
Improvements to property - 10% on cost
Plant and machinery - 10% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 22 ) .

The Pen Factory Ltd (Registered number: 08706301)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2022 385,891
Additions 300
At 30 September 2023 386,191
DEPRECIATION
At 1 October 2022 303,248
Charge for year 38,536
At 30 September 2023 341,784
NET BOOK VALUE
At 30 September 2023 44,407
At 30 September 2022 82,643