Company Registration No. 08620884 (England and Wales)
Furthermore Ltd
Unaudited accounts
for the year ended 31 July 2023
Furthermore Ltd
Unaudited accounts
Contents
Furthermore Ltd
Company Information
for the year ended 31 July 2023
Directors
Steven N. Johnson
Hana Sutch
Secretary
Nicola L. Johnson
Company Number
08620884 (England and Wales)
Registered Office
C/O Solid Ltd
Eagle House
163 City Road
London
EC1V 1NR
United Kingdom
Accountants
Solid Ltd
Eagle House
163 City Road
London
EC1V 1NR
Furthermore Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
6,112
7,820
Cash at bank and in hand
168,289
223,122
Creditors: amounts falling due within one year
(66,108)
(89,072)
Net current assets
205,137
200,298
Total assets less current liabilities
211,249
208,118
Creditors: amounts falling due after more than one year
(22,435)
(32,387)
Provisions for liabilities
Deferred tax
(1,222)
(1,564)
Net assets
187,592
174,167
Called up share capital
216
216
Profit and loss account
187,376
173,951
Shareholders' funds
187,592
174,167
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 February 2024 and were signed on its behalf by
Steven N. Johnson
Director
Company Registration No. 08620884
Furthermore Ltd
Notes to the Accounts
for the year ended 31 July 2023
Furthermore Ltd is a private company, limited by shares, registered in England and Wales, registration number 08620884. The registered office is C/O Solid Ltd, Eagle House, 163 City Road, London, EC1V 1NR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
over 5 years Straight line
Computer equipment
over 5 years Straight line
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
A government grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs is recognised in profit or loss of the period in which it becomes receivable.
Furthermore Ltd
Notes to the Accounts
for the year ended 31 July 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
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.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2022
24,142
4,019
28,161
At 31 July 2023
24,142
4,886
29,028
At 1 August 2022
16,467
3,874
20,341
Charge for the year
2,422
153
2,575
At 31 July 2023
18,889
4,027
22,916
At 31 July 2023
5,253
859
6,112
At 31 July 2022
7,675
145
7,820
Amounts falling due within one year
Trade debtors
79,327
45,295
Accrued income and prepayments
23,488
1,625
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,952
9,707
Trade creditors
1,469
1,057
Taxes and social security
34,265
32,252
Furthermore Ltd
Notes to the Accounts
for the year ended 31 July 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
9
Average number of employees
During the year the average number of employees was 7 (2022: 8).