Registered number: 07081534 | ||||||||
FOR THE YEAR ENDED 31/12/2021 | ||||||||
Prepared By: | ||||||||
Brody Lee Kershaw Ltd | ||||||||
Chartered Accountants | ||||||||
Suite 2 1st Floor Metropolitan House | ||||||||
Station Road | ||||||||
Cheadle Hulme | ||||||||
Cheshire | ||||||||
SK8 7AZ |
FUTURESERV LTD | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2021 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 07081534 | ||||||||
ACCOUNTANTS | ||||||||
Brody Lee Kershaw Ltd | ||||||||
Chartered Accountants | ||||||||
Suite 2 1st Floor Metropolitan House | ||||||||
Station Road | ||||||||
Cheadle Hulme | ||||||||
Cheshire | ||||||||
SK8 7AZ |
FUTURESERV LTD | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/12/2021 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
FUTURESERV LTD | ||||||||
BALANCE SHEET AT | ||||||||||
2021 | 2020 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
4,714,381 | 2,760,895 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 2,151,827 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 213,014 | 279,521 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 4,187,124 | 2,619,743 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
FUTURESERV LTD | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/12/2021 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Land And Buildings | 1% | |||||||
Fixtures and Fittings | 15% | |||||||
Equipment | 50% |
1c. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
2. EMPLOYEES | ||||||
2021 | 2020 | |||||
No. | No. | |||||
Average number of employees | 35 | |||||
3. TANGIBLE FIXED ASSETS | ||||||||
Land And | Fixtures | |||||||
Buildings | and Fittings | Equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/01/2021 | 847,587 | 13,012 | 113,062 | 973,661 | ||||
Additions | - | - | 24,136 | 24,136 | ||||
At 31/12/2021 | 847,587 | 13,012 | 137,198 | 997,797 | ||||
Depreciation | ||||||||
At 01/01/2021 | 41,789 | 10,012 | 93,259 | 145,060 | ||||
For the year | 8,058 | 450 | 21,970 | 30,478 | ||||
At 31/12/2021 | 49,847 | 10,462 | 115,229 | 175,538 | ||||
Net Book Amounts | ||||||||
At 31/12/2021 | 822,259 | |||||||
At 31/12/2020 | 828,601 | |||||||
FUTURESERV LTD | ||||||||
4. DEBTORS | 2021 | 2020 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 1,521,336 | 1,225,454 | ||||||
UK corporation tax | - | 12,093 | ||||||
Other debtors | 26,986 | 10,719 | ||||||
Prepayments | 18,236 | 5,121 | ||||||
1,566,558 | 1,253,387 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2021 | 2020 | |||||||
£ | £ | |||||||
UK corporation tax | 414,971 | - | ||||||
VAT | 453,491 | 360,296 | ||||||
PAYE control | 74,716 | 48,735 | ||||||
Directors current account | 26,328 | 13,887 | ||||||
Mortgage | 79,298 | 79,298 | ||||||
Credit card | 4,721 | 543 | ||||||
Trade creditors | 74,311 | 102,959 | ||||||
Other creditors | 4,716 | - | ||||||
Accruals | 3,850 | 3,350 | ||||||
1,136,402 | 609,068 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2021 | 2020 | |||||||
£ | £ | |||||||
Bank loans (secured) >1yr | 213,014 | 279,521 | ||||||
213,014 | 279,521 | |||||||
7. PROVISIONS FOR LIABILITIES | 2021 | 2020 | ||||||
£ | £ | |||||||
Bad Debts | - | 81,064 | ||||||
- | 81,064 | |||||||
FUTURESERV LTD | ||||||||
8. SHARE CAPITAL | 2021 | 2020 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
9. CONTROLLING PARTY | ||||||||
Mr. Craig Cleary and Mr David Cleary, directors, control the company by virtue of a controlling interest in 100% of the issued ordinary share capital. | ||||||||
10. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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11. COMMITMENTS UNDER OPERATING LEASES | ||||||||
At 31st December 2021, the company had total commitments under non-cancellable operating leases as follows: | ||||||||
Payable not later than 1 year £41205 | ||||||||
Payable after 1 year but not later than 5 years £36892 |