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REGISTERED NUMBER: 11686567 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Factoree Ltd

Factoree Ltd (Registered number: 11686567)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Factoree Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: L Archard





REGISTERED OFFICE: 17 Greensand Ridge
Lidlington
Bedford
United Kingdom
MK43 0PB





REGISTERED NUMBER: 11686567 (England and Wales)





ACCOUNTANTS: GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS

Factoree Ltd (Registered number: 11686567)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 354 761

CURRENT ASSETS
Debtors 5 2,764 7,091
Cash at bank 72,969 120,555
75,733 127,646
CREDITORS
Amounts falling due within one year 6 13,217 55,984
NET CURRENT ASSETS 62,516 71,662
TOTAL ASSETS LESS CURRENT LIABILITIES 62,870 72,423

PROVISIONS FOR LIABILITIES 7 103 180
NET ASSETS 62,767 72,243

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 62,667 72,143
62,767 72,243

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 23 August 2024 and were signed by:





L Archard - Director


Factoree Ltd (Registered number: 11686567)

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

1. STATUTORY INFORMATION

Factoree 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There were no material departures from that standard.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue is recognised when all work has been completed and invoiced.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Fixtures and fittings - 25% 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 statement of financial position date.

Deferred tax
Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

3. EMPLOYEES AND DIRECTORS

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

Factoree Ltd (Registered number: 11686567)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 84 217 2,209 2,510
DEPRECIATION
At 1 December 2022 32 129 1,588 1,749
Charge for year 28 22 357 407
At 30 November 2023 60 151 1,945 2,156
NET BOOK VALUE
At 30 November 2023 24 66 264 354
At 30 November 2022 52 88 621 761

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax 2,146 -
VAT 618 7,091
2,764 7,091

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors - 42,001
Tax - 2,173
Directors' current accounts 12,432 11,055
Accrued expenses 785 755
13,217 55,984

7. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 103 180

Deferred
tax
£   
Balance at 1 December 2022 180
Accelerated Capital Allowances (77 )
Balance at 30 November 2023 103

8. RELATED PARTY DISCLOSURES

The amount outstanding at the year-end due to Mr L Archard was £12,432 (2022 - £11,055).

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Factoree Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Factoree Ltd for the year ended 30 November 2023 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Factoree Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Factoree Ltd and state those matters that we have agreed to state to the director of Factoree Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Factoree Ltd and its director for our work or for this report.

It is your duty to ensure that Factoree Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Factoree Ltd. You consider that Factoree Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Factoree Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS


23 August 2024