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REGISTERED NUMBER: 05190882 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

FORMAT FACTORY LTD

FORMAT FACTORY LTD (Registered number: 05190882)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FORMAT FACTORY LTD

Company Information
for the Year Ended 31 July 2024







DIRECTORS: B Ryan
D Walton





SECRETARY:





REGISTERED OFFICE: 21 Albert Road
Kings Heath
BIRMINGHAM
B14 7HH





REGISTERED NUMBER: 05190882 (England and Wales)





ACCOUNTANTS: Brahams & Co
Chartered Accountants
43 Wren Crescent
Bushey Heath
Watford
Hertfordshire
WD23 1AN

FORMAT FACTORY LTD (Registered number: 05190882)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 711 -

CURRENT ASSETS
Stocks 22,600 44,315
Debtors 5 25,216 179,530
Cash at bank 8,289 8,812
56,105 232,657
CREDITORS
Amounts falling due within one year 6 155,977 318,757
NET CURRENT LIABILITIES (99,872 ) (86,100 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(99,161

)

(86,100

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (99,261 ) (86,200 )
(99,161 ) (86,100 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

FORMAT FACTORY LTD (Registered number: 05190882)

Balance Sheet - continued
31 July 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 22 November 2024 and were signed on its behalf by:





D Walton - Director


FORMAT FACTORY LTD (Registered number: 05190882)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

FORMAT FACTORY LTD 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.

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 consist of scripts and series purchased for future use and Work in Progress at the Balance Sheet date

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

FORMAT FACTORY LTD (Registered number: 05190882)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 948
At 31 July 2024 948
DEPRECIATION
Charge for year 237
At 31 July 2024 237
NET BOOK VALUE
At 31 July 2024 711

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors - 174,000
Other debtors 25,216 5,530
25,216 179,530

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors (1 ) 82,056
Amounts owed to associates 151,545 206,567
Taxation and social security - 25,434
Other creditors 4,433 4,700
155,977 318,757

7. RELATED PARTY DISCLOSURES

The company was provided with a loan from an associated company at arms length with interest being charged

8. ULTIMATE CONTROLLING PARTY

The controlling party is the two directors and shareholders.