Fact (Leeds) Limited 13396233 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is food advisory consultancy and training. Digita Accounts Production Advanced 6.30.9574.0 true true 13396233 2023-06-01 2024-05-31 13396233 2024-05-31 13396233 core:RetainedEarningsAccumulatedLosses 2024-05-31 13396233 core:ShareCapital 2024-05-31 13396233 core:CurrentFinancialInstruments 2024-05-31 13396233 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 13396233 core:FurnitureFittingsToolsEquipment 2024-05-31 13396233 bus:SmallEntities 2023-06-01 2024-05-31 13396233 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 13396233 bus:FullAccounts 2023-06-01 2024-05-31 13396233 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 13396233 bus:RegisteredOffice 2023-06-01 2024-05-31 13396233 bus:Director1 2023-06-01 2024-05-31 13396233 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13396233 core:FurnitureFittings 2023-06-01 2024-05-31 13396233 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 13396233 countries:EnglandWales 2023-06-01 2024-05-31 13396233 2023-05-31 13396233 core:FurnitureFittingsToolsEquipment 2023-05-31 13396233 2022-06-01 2023-05-31 13396233 2023-05-31 13396233 core:RetainedEarningsAccumulatedLosses 2023-05-31 13396233 core:ShareCapital 2023-05-31 13396233 core:CurrentFinancialInstruments 2023-05-31 13396233 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 13396233 core:FurnitureFittingsToolsEquipment 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 13396233

Fact (Leeds) Limited

Annual Report and Unaudited Financial Statements

For The Year Ended 31 May 2024

 

Fact (Leeds) Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Fact (Leeds) Limited

(Registration number: 13396233)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

4

 

6,827

 

8,038

Current assets

   

 

Debtors

5

23,800

 

31,985

 

Cash at bank and in hand

 

25,507

 

7,109

 

 

49,307

 

39,094

 

Creditors: Amounts falling due within one year

6

(18,506)

 

(12,342)

 

Net current assets

   

30,801

 

26,752

Total assets less current liabilities

   

37,628

 

34,790

Provisions for liabilities

 

(1,707)

 

(2,010)

Net assets

   

35,921

 

32,780

Capital and reserves

   

 

Called up share capital

1

 

1

 

Profit and loss account

35,920

 

32,779

 

Total equity

   

35,921

 

32,780

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 16 September 2024
 

.........................................
Mr W.T. Beasley
Director

 

Fact (Leeds) Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 11, Fusion Court
Aberford Road
Garforth
Leeds
LS25 2GH

These financial statements were authorised for issue by the director on 16 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the company.

 

Fact (Leeds) Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 May 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25% Reducing balance

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Fact (Leeds) Limited

Notes to the Unaudited Financial Statements For The Year Ended 31 May 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

14,148

14,148

Additions

1,067

1,067

At 31 May 2024

15,215

15,215

Depreciation

At 1 June 2023

6,110

6,110

Charge for the year

2,278

2,278

At 31 May 2024

8,388

8,388

Carrying amount

At 31 May 2024

6,827

6,827

At 31 May 2023

8,038

8,038

5

Debtors

Debtors: amounts falling due within one year

2024
£

2023
£

Trade debtors

23,800

31,985

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Trade creditors

3,257

249

Taxation and social security

12,492

10,497

Other creditors

2,757

1,596

18,506

12,342