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Registered number: 09979716
Family Factory Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Tax-a-Zebra
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09979716
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 5 - 348,947
- 348,947
CURRENT ASSETS
Stocks 6 4,015,297 3,593,332
Cash at bank and in hand 166,405 171,140
4,181,702 3,764,472
NET CURRENT ASSETS (LIABILITIES) 4,181,702 3,764,472
TOTAL ASSETS LESS CURRENT LIABILITIES 4,181,702 4,113,419
Creditors: Amounts Falling Due After More Than One Year 9 (4,097,089 ) (3,975,103 )
NET ASSETS 84,613 138,316
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 84,612 138,315
SHAREHOLDERS' FUNDS 84,613 138,316
Page 1
Page 2
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Karen Negrit
Director
21/01/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Family Factory Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09979716 . The registered office is Parsons Green House, 27 Parsons Green Lane, London, SW6 4HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33% SLM
2.3. Stocks and Work in Progress
Stocks represents properties held for sale. Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and direct labour costs. At each reporting date, an assessment is made for impairment. Any excess of the carrying amount ofstocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 4,833
As at 29 February 2024 4,833
Depreciation
As at 1 March 2023 4,833
As at 29 February 2024 4,833
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 -
Page 3
Page 4
5. Investments
Unlisted
£
Cost
As at 1 March 2023 348,947
Disposals (348,947 )
As at 29 February 2024 -
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 348,947
6. Stocks
2024 2023
£ £
Finished goods 4,015,297 3,593,332
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 4,097,089 3,975,103
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4