Company registration number 11447500 (England and Wales)
FACTOR 50 LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
FACTOR 50 LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
FACTOR 50 LTD
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,634
3,561
Current assets
Debtors
4
224,390
238,427
Cash at bank and in hand
450,741
11,571
675,131
249,998
Creditors: amounts falling due within one year
5
(763,382)
(693,150)
Net current liabilities
(88,251)
(443,152)
Net liabilities
(84,617)
(439,591)
Capital and reserves
Called up share capital
6
1,309
1,130
Share premium account
572,621
-
0
Profit and loss reserves
(658,547)
(440,721)
Total equity
(84,617)
(439,591)
FACTOR 50 LTD
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 2 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 3 September 2025 and are signed on its behalf by:
M Hawkins
M Denman
Director
Director
Company registration number 11447500 (England and Wales)
FACTOR 50 LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Factor 50 Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, Market Square House, St James Street, Nottingham, NG1 6FG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on the going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. However, the directors are aware of certain material uncertainties which may cause doubt on the company's ability to continue as a going concern.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for consultancy services provided in the normal course of business, and is shown net of VAT.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

IT equipment
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

FACTOR 50 LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, ar e measured at transaction price including transaction costs.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

1.7
Equity instruments

Share capital issued by the company is recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

FACTOR 50 LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
10
8
FACTOR 50 LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
3
Tangible fixed assets
IT equipment
£
Cost
At 1 January 2024
9,878
Additions
981
At 31 December 2024
10,859
Depreciation and impairment
At 1 January 2024
6,317
Depreciation charged in the year
908
At 31 December 2024
7,225
Carrying amount
At 31 December 2024
3,634
At 31 December 2023
3,561
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
5,550
92,597
Other debtors
4,009
3,607
9,559
96,204
Deferred tax asset
214,831
142,223
224,390
238,427
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
15,585
39,688
Taxation and social security
-
0
11,380
Other creditors
747,797
642,082
763,382
693,150
FACTOR 50 LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1,000
1,000
1,000
1,000
Ordinary A of £1 each
130
130
130
130
Ordinary B of £1 each
179
0
179
-
0
1,309
1,130
1,309
1,130

The shares issued in the period form the capital structure of the business and all shares rank pari passu in all respects except as otherwise set out the Articles of Association.

Ordinary shares, ordinary shares A, and ordinary shares B have attached to them full voting, dividend and capital distribution (including on windup) right; they do not confer any rights or redemption.

During the year, 179 Ordinary B shares were issued at their nominal £1 value. Consideration received per share was £3,200.

7
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
1,800
-
2024-12-31 2024-01-01 false false false 02 September 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity M Hawkins M Denman J Easton D Rajasingam 11447500 2024-01-01 2024-12-31 11447500 2024-12-31 11447500 2023-12-31 11447500 core:ComputerEquipment 2024-12-31 11447500 core:ComputerEquipment 2023-12-31 11447500 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 11447500 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11447500 core:CurrentFinancialInstruments 2024-12-31 11447500 core:CurrentFinancialInstruments 2023-12-31 11447500 core:ShareCapital 2024-12-31 11447500 core:ShareCapital 2023-12-31 11447500 core:SharePremium 2024-12-31 11447500 core:SharePremium 2023-12-31 11447500 core:RetainedEarningsAccumulatedLosses 2024-12-31 11447500 core:RetainedEarningsAccumulatedLosses 2023-12-31 11447500 core:ShareCapitalOrdinaryShareClass1 2024-12-31 11447500 core:ShareCapitalOrdinaryShareClass1 2023-12-31 11447500 core:ShareCapitalOrdinaryShareClass2 2024-12-31 11447500 core:ShareCapitalOrdinaryShareClass2 2023-12-31 11447500 core:ShareCapitalOrdinaryShareClass3 2024-12-31 11447500 core:ShareCapitalOrdinaryShareClass3 2023-12-31 11447500 core:ShareCapitalOrdinaryShares 2024-12-31 11447500 core:ShareCapitalOrdinaryShares 2023-12-31 11447500 bus:Director1 2024-01-01 2024-12-31 11447500 bus:Director2 2024-01-01 2024-12-31 11447500 core:ComputerEquipment 2024-01-01 2024-12-31 11447500 2023-01-01 2023-12-31 11447500 core:ComputerEquipment 2023-12-31 11447500 core:WithinOneYear 2024-12-31 11447500 core:WithinOneYear 2023-12-31 11447500 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 11447500 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 11447500 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 11447500 bus:OrdinaryShareClass1 2024-12-31 11447500 bus:OrdinaryShareClass1 2023-12-31 11447500 bus:OrdinaryShareClass2 2024-12-31 11447500 bus:OrdinaryShareClass2 2023-12-31 11447500 bus:OrdinaryShareClass3 2024-12-31 11447500 bus:OrdinaryShareClass3 2023-12-31 11447500 bus:AllOrdinaryShares 2024-12-31 11447500 bus:AllOrdinaryShares 2023-12-31 11447500 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11447500 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 11447500 bus:FRS102 2024-01-01 2024-12-31 11447500 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 11447500 bus:Director3 2024-01-01 2024-12-31 11447500 bus:Director4 2024-01-01 2024-12-31 11447500 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP