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Company Registration No. 08303794 (England and Wales)
Future Deal Ltd Unaudited accounts for the year ended 31 May 2023
Future Deal Ltd Unaudited accounts Contents
Page
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Future Deal Ltd Company Information for the year ended 31 May 2023
Directors
Nishant Shah Chandrakant Shah
Company Number
08303794 (England and Wales)
Registered Office
3rd Floor Vyman House 104 College Road Harrow Middlesex HA1 1BQ
Accountants
RMR Partnership LLP 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ
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Future Deal Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
235,579 
235,579 
Tangible assets
35,557 
41,832 
271,136 
277,411 
Current assets
Inventories
43,719 
72,829 
Debtors
186,854 
26,605 
Cash at bank and in hand
22,926 
4,892 
253,499 
104,326 
Creditors: amounts falling due within one year
(328,469)
(124,193)
Net current liabilities
(74,970)
(19,867)
Total assets less current liabilities
196,166 
257,544 
Creditors: amounts falling due after more than one year
(124,621)
(177,576)
Net assets
71,545 
79,968 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
71,445 
79,868 
Shareholders' funds
71,545 
79,968 
For the year ending 31 May 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 20 February 2024 and were signed on its behalf by
Nishant Shah Director Company Registration No. 08303794
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Future Deal Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Future Deal Ltd is a private company, limited by shares, registered in England and Wales, registration number 08303794. The registered office is 3rd Floor Vyman House, 104 College Road, Harrow, Middlesex, HA1 1BQ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
15% as per reducing balance method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Future Deal Ltd Notes to the Accounts for the year ended 31 May 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 June 2022
235,579 
At 31 May 2023
235,579 
Amortisation
At 1 June 2022
- 
At 31 May 2023
- 
Net book value
At 31 May 2023
235,579 
At 31 May 2022
235,579 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2022
68,107 
At 31 May 2023
68,107 
Depreciation
At 1 June 2022
26,275 
Charge for the year
6,275 
At 31 May 2023
32,550 
Net book value
At 31 May 2023
35,557 
At 31 May 2022
41,832 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,862 
Other debtors
186,854 
24,743 
186,854 
26,605 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
110,007 
23,315 
VAT
10,767 
- 
Trade creditors
79,684 
60,058 
Taxes and social security
22,441 
33,547 
Other creditors
30,107 
80 
Loans from directors
71,858 
3,033 
Accruals
3,605 
4,160 
328,469 
124,193 
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Future Deal Ltd Notes to the Accounts for the year ended 31 May 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
111,123 
154,820 
Obligations under finance leases and hire purchase contracts
13,498 
22,756 
124,621 
177,576 
9
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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