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REGISTERED NUMBER: 07150090 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

FUTURE VISION PROJECT MANAGEMENT LIMITED

FUTURE VISION PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07150090)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FUTURE VISION PROJECT MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Mr I Daniels





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 07150090 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

FUTURE VISION PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07150090)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 21,832 2,869
21,832 2,869

CURRENT ASSETS
Stocks 6 500 500
Debtors 7 158 6,238
Cash at bank 1,494 11,116
2,152 17,854
CREDITORS
Amounts falling due within one year 8 13,317 13,691
NET CURRENT (LIABILITIES)/ASSETS (11,165 ) 4,163
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,667

7,032

CREDITORS
Amounts falling due after more than one
year

9

(3,516

)

(5,516

)

PROVISIONS FOR LIABILITIES 10 (4,148 ) (513 )
NET ASSETS 3,003 1,003

CAPITAL AND RESERVES
Called up share capital 11 200 200
Retained earnings 2,803 803
SHAREHOLDERS' FUNDS 3,003 1,003

FUTURE VISION PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07150090)

BALANCE SHEET - continued
28 FEBRUARY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 November 2023 and were signed by:





Mr I Daniels - Director


FUTURE VISION PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07150090)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Future Vision Project Management Limited 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 1 (2022 - 1 ) .

FUTURE VISION PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07150090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 March 2022
and 28 February 2023 9,000
Amortisation
At 1 March 2022
and 28 February 2023 9,000
Net book value
At 28 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 March 2022 20,550 762 21,312
Additions 25,825 308 26,133
At 28 February 2023 46,375 1,070 47,445
Depreciation
At 1 March 2022 17,848 595 18,443
Charge for year 7,061 109 7,170
At 28 February 2023 24,909 704 25,613
Net book value
At 28 February 2023 21,466 366 21,832
At 28 February 2022 2,702 167 2,869

6. STOCKS
2023 2022
£    £   
Stocks 500 500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 158 6,238

FUTURE VISION PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07150090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,500 1,000
Trade creditors 1,778 3,566
Taxation and social security 5,768 7,505
Other creditors 4,271 1,620
13,317 13,691

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 3,516 5,516

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 4,148 513

Deferred
tax
£   
Balance at 1 March 2022 513
Provided during year 3,635
Balance at 28 February 2023 4,148

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
100 A Ordinary £1 100 100
200 200