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REGISTERED NUMBER: 05469577 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

FACTORY FIRST (KENT) LIMITED

FACTORY FIRST (KENT) LIMITED (REGISTERED NUMBER: 05469577)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

FACTORY FIRST (KENT) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mrs. G L Tutt





REGISTERED OFFICE: 45 Queen Street
Deal
Kent
CT14 6EY





REGISTERED NUMBER: 05469577 (England and Wales)





ACCOUNTANTS: Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY

FACTORY FIRST (KENT) LIMITED (REGISTERED NUMBER: 05469577)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 4 3,000 3,000
Debtors 5 28,341 32,797
Cash at bank 2,477 1,409
33,818 37,206
CREDITORS
Amounts falling due within one year 6 12,923 19,130
NET CURRENT ASSETS 20,895 18,076
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,895

18,076

CREDITORS
Amounts falling due after more than one
year

7

22,178

21,843
NET LIABILITIES (1,283 ) (3,767 )

CAPITAL AND RESERVES
Called up share capital 8 9 9
Retained earnings (1,292 ) (3,776 )
SHAREHOLDERS' FUNDS (1,283 ) (3,767 )

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 her 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.

FACTORY FIRST (KENT) LIMITED (REGISTERED NUMBER: 05469577)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2024 and were signed by:





Mrs. G L Tutt - Director


FACTORY FIRST (KENT) LIMITED (REGISTERED NUMBER: 05469577)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Factory First (Kent) Limited 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 (£).


The financial statements are presented in round pounds 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.

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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

FACTORY FIRST (KENT) LIMITED (REGISTERED NUMBER: 05469577)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. STOCKS
2023 2022
£    £   
Stocks 3,000 3,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,542 4,062
Other debtors 6,171 8,673
Directors' current accounts 13,088 13,435
VAT 5,540 6,627
28,341 32,797

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,825 6,825
Trade creditors 740 4,491
Tax 140 3,152
Other creditors 3,067 2,947
Accrued expenses 2,151 1,715
12,923 19,130

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 6,825 6,825
Bank loans - 2-5 years 15,353 15,018
22,178 21,843

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
9 Ordinary £1 9 9

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Directors Loan Account
A Member of Key Management Personnel

The following Directors loans subsisted within the year;

During the year the Director advanced the Company £468 (2022: £3,956)
During the year the Company repaid the Director £121 (2022: £NIL)
As at the year end the Director owed the Company £13,088 (2022: £13,435).

The loan is interest free and repayable upon demand.

FACTORY FIRST (KENT) LIMITED (REGISTERED NUMBER: 05469577)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

10. GOING CONCERN

The Director believes the Company is a going concern, and has used a period of twelve months from the date of approval in their assessment.

FACTORY FIRST (KENT) LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
FACTORY FIRST (KENT) LIMITED

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 Balance Sheet. 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Higson & Co (Deal) Ltd
45 Queen Street
Deal
Kent
CT14 6EY


Date: .............................................