IRIS Accounts Production v23.3.0.418 03027826 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030278262022-12-31030278262023-12-31030278262023-01-012023-12-31030278262021-12-31030278262022-01-012022-12-31030278262022-12-3103027826ns10:Originalns15:EnglandWales2023-01-012023-12-3103027826ns14:PoundSterlingns10:Original2023-01-012023-12-3103027826ns10:Originalns10:Director12023-01-012023-12-3103027826ns10:Original2023-01-012023-12-3103027826ns10:Original2023-12-3103027826ns10:Originalns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103027826ns10:Originalns10:SmallEntities2023-01-012023-12-3103027826ns10:Originalns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3103027826ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103027826ns10:SmallCompaniesRegimeForAccountsns10:Original2023-01-012023-12-3103027826ns10:Originalns10:FullAccounts2023-01-012023-12-3103027826ns10:Originalns10:OrdinaryShareClass12023-01-012023-12-3103027826ns10:Originalns10:Director32023-01-012023-12-3103027826ns10:CompanySecretary1ns10:Original2023-01-012023-12-3103027826ns10:Originalns10:RegisteredOffice2023-01-012023-12-3103027826ns10:Original2022-12-3103027826ns10:Originalns5:CurrentFinancialInstruments2023-12-3103027826ns10:Originalns5:CurrentFinancialInstruments2022-12-3103027826ns5:ShareCapitalns10:Original2023-12-3103027826ns5:ShareCapitalns10:Original2022-12-3103027826ns10:Originalns5:RevaluationReserve2023-12-3103027826ns10:Originalns5:RevaluationReserve2022-12-3103027826ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-12-3103027826ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3103027826ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-01-012023-12-3103027826ns10:Originalns5:FurnitureFittings2023-01-012023-12-3103027826ns10:Originalns5:MotorVehicles2023-01-012023-12-3103027826ns10:Original2022-01-012022-12-3103027826ns10:Originalns5:LandBuildings2022-12-3103027826ns10:Originalns5:FurnitureFittings2022-12-3103027826ns10:Originalns5:MotorVehicles2022-12-3103027826ns10:Original2022-12-3103027826ns10:Originalns5:LandBuildings2023-01-012023-12-3103027826ns10:Originalns5:LandBuildings2023-12-3103027826ns10:Originalns5:FurnitureFittings2023-12-3103027826ns10:Originalns5:MotorVehicles2023-12-3103027826ns10:Originalns5:LandBuildings2022-12-3103027826ns10:Originalns5:FurnitureFittings2022-12-3103027826ns10:Originalns5:MotorVehicles2022-12-3103027826ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3103027826ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3103027826ns10:Originalns10:OrdinaryShareClass12023-12-3103027826ns10:Originalns5:RevaluationReserve2022-12-31
REGISTERED NUMBER: 03027826 (England and Wales)











Financial Statements

for the Year Ended 31st December 2023

for

FUTURES SUPPLIES AND SUPPORT SERVICES
LIMITED

FUTURES SUPPLIES AND SUPPORT SERVICES
LIMITED (REGISTERED NUMBER: 03027826)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FUTURES SUPPLIES AND SUPPORT SERVICES
LIMITED

Company Information
for the year ended 31st December 2023







DIRECTORS: Mr M L Kemp
Ms A V Kemp





SECRETARY: Mr M L Kemp





REGISTERED OFFICE: Unit 1 Valley Point Industrial Estate
Beddington Farm Road
Croydon
Surrey
CR0 4WP





REGISTERED NUMBER: 03027826 (England and Wales)





ACCOUNTANTS: Cheeld Wheeler & Co
Chartered Certified Accountants
Redhill Chambers
2d High Street
Redhill
Surrey
RH1 1RJ

FUTURES SUPPLIES AND SUPPORT SERVICES
LIMITED (REGISTERED NUMBER: 03027826)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,851 658,793

CURRENT ASSETS
Stocks 5 90,013 77,741
Debtors 6 264,837 268,966
Cash at bank 424,920 1,248,385
779,770 1,595,092
CREDITORS
Amounts falling due within one year 7 400,272 397,744
NET CURRENT ASSETS 379,498 1,197,348
TOTAL ASSETS LESS CURRENT
LIABILITIES

420,349

1,856,141

CAPITAL AND RESERVES
Called up share capital 8 100 100
Capital redemption reserve 9 900 900
Retained earnings 419,349 1,855,141
SHAREHOLDERS' FUNDS 420,349 1,856,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FUTURES SUPPLIES AND SUPPORT SERVICES
LIMITED (REGISTERED NUMBER: 03027826)

Balance Sheet - continued
31st December 2023


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 Board of Directors and authorised for issue on 5th February 2024 and were signed on its behalf by:





Mr M L Kemp - Director


FUTURES SUPPLIES AND SUPPORT SERVICES
LIMITED (REGISTERED NUMBER: 03027826)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Futures Supplies and Support Services 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and freehold property - 2% Freehold property and 0% Land
Fixtures and fittings - 25% on cost
Motor vehicles - 25% 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.

Taxation
Taxation for the year comprises current tax. A provision for deferred tax has not been made as it was not considered to be material. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

FUTURES SUPPLIES AND SUPPORT SERVICES
LIMITED (REGISTERED NUMBER: 03027826)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

4. TANGIBLE FIXED ASSETS
Land and Fixtures
freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st January 2023 666,226 83,328 86,539 836,093
Additions - 3,124 28,495 31,619
Disposals (666,226 ) (9,892 ) (25,376 ) (701,494 )
At 31st December 2023 - 76,560 89,658 166,218
DEPRECIATION
At 1st January 2023 33,600 81,903 61,797 177,300
Charge for year - 1,564 15,371 16,935
Eliminated on disposal (33,600 ) (9,892 ) (25,376 ) (68,868 )
At 31st December 2023 - 73,575 51,792 125,367
NET BOOK VALUE
At 31st December 2023 - 2,985 37,866 40,851
At 31st December 2022 632,626 1,425 24,742 658,793

5. STOCKS
2023 2022
£    £   
Stocks 90,013 77,741

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 248,286 264,165
Amounts owed by group undertakings 10,000 -
Prepayments 6,551 4,801
264,837 268,966

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 275,715 294,948
Corporation tax 70,554 51,956
Social security and other taxes 11,740 9,648
VAT 34,244 37,714
Other creditors 6,119 1,578
Accrued expenses 1,900 1,900
400,272 397,744

FUTURES SUPPLIES AND SUPPORT SERVICES
LIMITED (REGISTERED NUMBER: 03027826)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

8. CALLED UP SHARE CAPITAL

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

9. RESERVES
Capital
redemption
reserve
£   
At 1st January 2023
and 31st December 2023 900

10. OTHER FINANCIAL COMMITMENTS

At 31st December 2022, the company had total leasing commitments contracted for but not provided for in these financial statements of £6,031 (2022 - £783)

11. RELATED PARTY DISCLOSURES

The company restructured in January 2023 and a new holding company, Futures Supplies Holdings Limited, owns 100% of the issued share capital of Futures Supplies & Support Services Limited. The holding company is controlled by the managing director.

During the year, dividends of £1,672,626 were voted to the holding company.