Made By Factory Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Made By Factory Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08647757 . The registered office is 16 Blackfriars Street, Manchester, M3 5BQ.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Plant & Machinery	2 & 3 years Straight Line
Computer Equipment	2 & 3 years Straight Line

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. 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.

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Made By Factory Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.7. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 4)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2025	6,149	29,381	35,530
Additions	1,232	4,737	5,969
Disposals	(1,623 )	(11,319 )	(12,942 )

As at 31 December 2025	5,758	22,799	28,557

Depreciation
As at 1 January 2025	4,107	18,093	22,200
Provided during the period	1,596	7,145	8,741
Disposals	(1,293 )	(10,405 )	(11,698 )

As at 31 December 2025	4,410	14,833	19,243

Net Book Value
As at 31 December 2025	1,348	7,966	9,314

As at 1 January 2025	2,042	11,288	13,330

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Made By Factory Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Debtors

	31 December 2025	31 December 2024
	£	£
Due within one year
Trade debtors	32,284	23,372
Prepayments and accrued income	7,950	5,957
Other debtors	6,660	7,452
Directors' loan accounts	-	17,320

	46,894	54,101

6. Creditors: Amounts Falling Due Within One Year

	31 December 2025	31 December 2024
	£	£
Trade creditors	2,506	9,127
Bank loans and overdrafts	3,960	3,527
Corporation tax	33,429	25,599
Other taxes and social security	1,086	496
VAT	11,778	10,811
Other creditors	150	-
Accruals and deferred income	644	50
Directors' loan accounts	27,627	-
Amounts owed to related parties	-	31,675

	81,180	81,285

7. Creditors: Amounts Falling Due After More Than One Year

	31 December 2025	31 December 2024
	£	£
Bank loans	12,420	16,437

8. Deferred Taxation

The provision for deferred tax is made up as follows:

	31 December 2025	31 December 2024
	£	£
Other timing differences	2,221	3,257

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Made By Factory Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

9. Share Capital

	31 December 2025	31 December 2024
	£	£
Allotted, Called up and fully paid	150	150

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 December 2025	31 December 2024
	£	£
Not later than one year	5,668	-
Later than one year and not later than five years	2,362	-

	8,030	-

11. Related Party Transactions

Mr Ben Tennant

Director and a Shareholder of Made By Factory Limited

As at the Year End December 2025, Made By Factory Limited owes an amount of £447 to Mr Ben Tennant. The loan is interest-free, unsecured, and repayable on demand.

Mrs Andonette Wilkinson

Director and a Shareholder of Made By Factory Limited

As at the Year End December 2025, Made By Factory Limited owes an amount of £27,180 to Mrs Andonette Wilkinson. The loan is interest-free, unsecured, and repayable on demand.

CreativJam Limited

The company was related by virtue of common shareholders and directors.

During the year, a £240 loan was made to CreativJam Limited and this amount was written off during the year. There was no balance outstanding as at 31st December 2025.

Aszend Digital Limited

The company was related by virtue of common shareholders and directors.

As at 31st December 2024, Made By Factory Limited owed an amount of £31,675 to Aszend Digital Limited. During the year, £32,043 was repaid and £368 was written off. There was no balance outstanding as at 31st December 2025. During the year, the company subcontracted certain services totalling £600 and credited services totalling £2,193 which were conducted at arm’s length.

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		31 December 2025		31 December 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		9,314		13,330

			9,314		13,330
CURRENT ASSETS
Debtors	5	46,894		54,101
Cash at bank and in hand		48,477		33,973

		95,371		88,074
Creditors: Amounts Falling Due Within One Year	6	(81,180 )		(81,285 )

NET CURRENT ASSETS (LIABILITIES)			14,191		6,789

TOTAL ASSETS LESS CURRENT LIABILITIES			23,505		20,119

Creditors: Amounts Falling Due After More Than One Year	7		(12,420 )		(16,437 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(2,221 )		(3,257 )

NET ASSETS			8,864		425

CAPITAL AND RESERVES
Called up share capital	9		150		150
Profit and Loss Account			8,714		275

SHAREHOLDERS' FUNDS			8,864		425