Acorah Software Products - Accounts Production 16.1.200 false true true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10244984 Mr. Iosu Arrizabalaga Cortabarria Factum Information Technologies S.L. true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10244984 2023-06-30 10244984 2024-06-30 10244984 2023-07-01 2024-06-30 10244984 frs-core:CurrentFinancialInstruments 2024-06-30 10244984 frs-core:ComputerEquipment 2024-06-30 10244984 frs-core:ComputerEquipment 2023-07-01 2024-06-30 10244984 frs-core:ComputerEquipment 2023-06-30 10244984 frs-core:ShareCapital 2024-06-30 10244984 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10244984 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10244984 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10244984 frs-bus:SmallEntities 2023-07-01 2024-06-30 10244984 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10244984 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10244984 1 2023-07-01 2024-06-30 10244984 frs-bus:Director1 2023-07-01 2024-06-30 10244984 frs-bus:Director1 2023-06-30 10244984 frs-bus:Director1 2024-06-30 10244984 frs-countries:EnglandWales 2023-07-01 2024-06-30 10244984 2022-06-30 10244984 2023-06-30 10244984 2022-07-01 2023-06-30 10244984 frs-core:CurrentFinancialInstruments 2023-06-30 10244984 frs-core:ShareCapital 2023-06-30 10244984 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 10244984 frs-core:CurrentFinancialInstruments 1 2023-06-30
Registered number: 10244984
Factum It Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Tax and Advise Ltd
19 The Circle
Queen Elizabeth Street
London
SE1 2JE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10244984
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 914 1,850
914 1,850
CURRENT ASSETS
Debtors 5 300 47
Cash at bank and in hand 12,798 13,430
13,098 13,477
Creditors: Amounts Falling Due Within One Year 6 (21,434 ) (20,413 )
NET CURRENT ASSETS (LIABILITIES) (8,336 ) (6,936 )
TOTAL ASSETS LESS CURRENT LIABILITIES (7,422 ) (5,086 )
NET LIABILITIES (7,422 ) (5,086 )
CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Profit and Loss Account (8,422 ) (6,086 )
SHAREHOLDERS' FUNDS (7,422) (5,086)
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For the year ending 30 June 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 his 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
Mr. Iosu Arrizabalaga Cortabarria
Director
20/03/2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Factum It Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10244984 . The registered office is 19 The Circle , Queen Elizabeth Street, London, SE1 2JE.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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:
Office Equipment 20% SLM
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows NIL (2023: NIL)
- -
4. Tangible Assets
Office Equipment
£
Cost
As at 1 July 2023 4,681
As at 30 June 2024 4,681
Depreciation
As at 1 July 2023 2,831
Provided during the period 936
As at 30 June 2024 3,767
Net Book Value
As at 30 June 2024 914
As at 1 July 2023 1,850
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 300 -
Other debtors - VAT - 47
300 47
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 720 (1 )
Accruals and deferred income 300 -
Director's loan account 20,414 20,414
21,434 20,413
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
8. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr. Iosu Arrizabalaga Cortabarria 20,414 - - - -
The above loan is unsecured, interest free and repayable on demand.
9. Ultimate Controlling Party
The company's ultimate controlling party is Factum Information Technologies S.L. by virtue of his ownership of 75% or more of the issued share capital in the company.
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