Registered number
05363109
The Ad Factory Limited
Filleted Accounts
29 February 2024
The Ad Factory Limited
Registered number: 05363109
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 14,709 9,865
Cash at bank and in hand 5,053 32,894
19,762 42,759
Creditors: amounts falling due within one year 4 (14,307) (34,523)
Net current assets 5,455 8,236
Net assets 5,455 8,236
Capital and reserves
Called up share capital 1 1
Profit and loss account 5,454 8,235
Shareholder's funds 5,455 8,236
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M S Kalra
Director
Approved by the board on 10 October 2024
The Ad Factory Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors 4,215 9,865
Other debtors 10,494 -
14,709 9,865
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,592 10,974
Taxation and social security costs 10,380 10,663
Other creditors 335 12,886
14,307 34,523
5 Other information
The Ad Factory Limited is a private company limited by shares and incorporated in England. Its registered office is:
26 Goodall Street
Walsall
West Midlands
WS1 1QL
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