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REGISTERED NUMBER: 06097691















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Factory Sounds Ltd

Factory Sounds Ltd (Registered number: 06097691)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Factory Sounds Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: L Curry
S Curry





REGISTERED OFFICE: Unit 23
Barton Hill Trading Estate
Maze Street
Bristol
Avon
BS5 9TQ





REGISTERED NUMBER: 06097691





ACCOUNTANTS: Norton Accountancy Ltd
7 Soundwell Road
Staple Hill
Bristol
BS16 4QG

Factory Sounds Ltd (Registered number: 06097691)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 100,353 115,158

CURRENT ASSETS
Debtors 5 58,810 10,960
Cash at bank 4 2
58,814 10,962
CREDITORS
Amounts falling due within one year 6 (77,278 ) (56,058 )
NET CURRENT LIABILITIES (18,464 ) (45,096 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,889

70,062

CREDITORS
Amounts falling due after more than one
year

7

(81,121

)

(55,229

)
NET ASSETS 768 14,833

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 766 14,831
SHAREHOLDERS' FUNDS 768 14,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Factory Sounds Ltd (Registered number: 06097691)

Balance Sheet - continued
29 February 2024


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 Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





S Curry - Director


Factory Sounds Ltd (Registered number: 06097691)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Factory Sounds Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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.
Plant and machinery etc - 15% on reducing balance and 10% 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2023 - 9 ) .

Factory Sounds Ltd (Registered number: 06097691)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023
and 29 February 2024 11,860 193,677 205,537
DEPRECIATION
At 1 March 2023 - 90,379 90,379
Charge for year - 14,805 14,805
At 29 February 2024 - 105,184 105,184
NET BOOK VALUE
At 29 February 2024 11,860 88,493 100,353
At 28 February 2023 11,860 103,298 115,158

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 16,957 1,142
Other debtors 41,853 9,818
58,810 10,960

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 12,924 2,460
Trade creditors 36,512 33,525
Taxation and social security 25,356 18,215
Other creditors 2,486 1,858
77,278 56,058

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 72,594 45,229
Other creditors 8,527 10,000
81,121 55,229