1 November 2022 false No description of principal activity Taxfiler 2023.14 12947207business:PrivateLimitedCompanyLtd2022-11-012023-10-31 129472072022-10-31 129472072022-11-012023-10-31 12947207business:AuditExemptWithAccountantsReport2022-11-012023-10-31 12947207business:FilletedAccounts2022-11-012023-10-31 129472072023-10-31 129472072022-10-31 12947207core:WithinOneYear2023-10-31 12947207core:WithinOneYear2022-10-31 12947207core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 12947207core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 12947207core:CapitalContributionReservecore:PreviouslyStatedAmount2023-10-31 12947207core:CapitalContributionReservecore:PreviouslyStatedAmount2022-10-31 12947207core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 12947207core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 12947207core:PreviouslyStatedAmount2023-10-31 12947207core:PreviouslyStatedAmount2022-10-31 12947207business:SmallEntities2022-11-012023-10-31 12947207business:Director12022-11-012023-10-31 12947207countries:EnglandWales2022-11-012023-10-31 12947207business:RegisteredOffice2022-11-012023-10-31 12947207core:PlantMachinery2022-11-012023-10-31 12947207core:MotorVehicles2022-11-012023-10-31 12947207core:FurnitureFittings2022-11-012023-10-31 12947207core:ComputerEquipment2022-11-012023-10-31 12947207core:PlantMachinery2022-10-31 12947207core:MotorVehicles2022-10-31 12947207core:FurnitureFittings2022-10-31 12947207core:ComputerEquipment2022-10-31 12947207core:PlantMachinery2023-10-31 12947207core:MotorVehicles2023-10-31 12947207core:FurnitureFittings2023-10-31 12947207core:ComputerEquipment2023-10-31 129472072021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 12947207 (England and Wales)
NTLFUTUREGROUP LTD Unaudited accounts for the year ended 31 October 2023
NTLFUTUREGROUP LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
22,886 
28,135 
Current assets
Inventories
63,900 
39,500 
Debtors
23,108 
23,059 
Cash at bank and in hand
12,447 
5,672 
99,455 
68,231 
Creditors: amounts falling due within one year
(39,025)
(35,338)
Net current assets
60,430 
32,893 
Net assets
83,316 
61,028 
Capital and reserves
Called up share capital
3 
3 
Capital contribution reserve
60,000 
60,000 
Profit and loss account
23,313 
1,025 
Shareholders' funds
83,316 
61,028 
For the year ending 31 October 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 11 March 2024 and were signed on its behalf by
TOSE KIZHAKKEMURIYIL JOSE Director Company Registration No. 12947207
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NTLFUTUREGROUP LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
NTLFUTUREGROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 12947207. The registered office is 102 Bushfield Drive, Redhill, England, RH1 5BW, 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.
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.
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: Plant and Machinery: Depreciation is charged on straight-line method and allocated the cost of asset less residual value over their estimated useful life. Useful life of the asset is estimated as 4 years and depreciated at 25% Motor Vehicles: Depreciation is charged on straight-line method and allocated the cost of asset less residual value over their estimated useful life. Useful life of the asset is estimated as 4 years and depreciated at 25% Fixtures and Fittings: Depreciation is charged on straight-line method and allocated the cost of asset less residual value over their estimated useful life. Useful life of the asset is estimated as 4 years and depreciated at 25% Computer and Equipment: Depreciation is charged on straight-line method and allocated the cost of asset less residual value over their estimated useful life. Useful life of the asset is estimated as 4 years and depreciated at 25% The assets' residual values, useful lives and depreciation methods are reviewed , and adjusted prospectively if appropriate , or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the statement of comprehensive income.
Plant & machinery
Tangible Assets depreciated at 25% on Straight-line method over 4 years (useful life of asset)
Motor vehicles
Tangible Assets depreciated at 25% on Straight-line method over f4 years (useful life of asset)
Fixtures & fittings
Tangible Assets depreciated at 25% on Straight-line method over 4 years (useful life of asset)
Computer equipment
Tangible Assets depreciated at 25% on Straight-line method over 4 years (useful life of asset)
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NTLFUTUREGROUP LTD Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2022
11,939 
13,250 
18,215 
2,034 
45,438 
Additions
4,944 
- 
- 
- 
4,944 
At 31 October 2023
16,883 
13,250 
18,215 
2,034 
50,382 
Depreciation
At 1 November 2022
5,220 
2,500 
8,608 
975 
17,303 
Charge for the year
2,610 
2,750 
4,304 
529 
10,193 
At 31 October 2023
7,830 
5,250 
12,912 
1,504 
27,496 
Net book value
At 31 October 2023
9,053 
8,000 
5,303 
530 
22,886 
At 31 October 2022
6,719 
10,750 
9,607 
1,059 
28,135 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,028 
2,593 
Trade debtors
19,414 
9,526 
Accrued income and prepayments
1,666 
5,940 
Other debtors
- 
5,000 
23,108 
23,059 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
2,059 
892 
Taxes and social security
8,696 
3,520 
Proposed dividends
- 
4,200 
Other creditors
1,679 
135 
Loans from directors
26,591 
26,591 
39,025 
35,338 
7
Average number of employees
During the year the average number of employees was 9 (2022: 6).
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