Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 12247259 Mrs Katarzyna Wheeler iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12247259 2022-10-31 12247259 2023-10-31 12247259 2022-11-01 2023-10-31 12247259 frs-core:CurrentFinancialInstruments 2023-10-31 12247259 frs-core:Non-currentFinancialInstruments 2023-10-31 12247259 frs-core:ComputerEquipment 2023-10-31 12247259 frs-core:ComputerEquipment 2022-11-01 2023-10-31 12247259 frs-core:ComputerEquipment 2022-10-31 12247259 frs-core:FurnitureFittings 2022-11-01 2023-10-31 12247259 frs-core:ShareCapital 2023-10-31 12247259 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 12247259 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 12247259 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 12247259 frs-bus:SmallEntities 2022-11-01 2023-10-31 12247259 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 12247259 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 12247259 frs-core:UnlistedNon-exchangeTraded 2023-10-31 12247259 frs-core:UnlistedNon-exchangeTraded 2022-10-31 12247259 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2022-10-31 12247259 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 12247259 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-10-31 12247259 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2022-10-31 12247259 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-10-31 12247259 frs-bus:Director1 2022-11-01 2023-10-31 12247259 frs-countries:EnglandWales 2022-11-01 2023-10-31 12247259 2021-10-31 12247259 2022-10-31 12247259 2021-11-01 2022-10-31 12247259 frs-core:CurrentFinancialInstruments 2022-10-31 12247259 frs-core:Non-currentFinancialInstruments 2022-10-31 12247259 frs-core:ShareCapital 2022-10-31 12247259 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 12247259
Future Group Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Hammond Ford & Co Limited
Unit 6 Church Road
Barrow
Bury St. Edmunds
IP29 5AX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12247259
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 493 988
Investments 5 36,100 48,600
36,593 49,588
CURRENT ASSETS
Debtors 6 14,286 19,486
Cash at bank and in hand 674 931
14,960 20,417
Creditors: Amounts Falling Due Within One Year 7 (30,610 ) (28,323 )
NET CURRENT ASSETS (LIABILITIES) (15,650 ) (7,906 )
TOTAL ASSETS LESS CURRENT LIABILITIES 20,943 41,682
Creditors: Amounts Falling Due After More Than One Year 8 (35,003 ) (40,603 )
NET (LIABILITIES)/ASSETS (14,060 ) 1,079
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (14,160 ) 979
SHAREHOLDERS' FUNDS (14,060) 1,079
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Katarzyna Wheeler
Director
23rd July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Future Group Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12247259 . The registered office is Unit B, Apollo Court, Love Lane, Cirencester, GL7 1ZR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% reducing balance
Computer Equipment 33.33% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 November 2022 11,121
As at 31 October 2023 11,121
Depreciation
As at 1 November 2022 10,133
Provided during the period 495
As at 31 October 2023 10,628
Net Book Value
As at 31 October 2023 493
As at 1 November 2022 988
Page 3
Page 4
5. Investments
Unlisted
£
Cost
As at 1 November 2022 48,600
Disposals (12,500 )
As at 31 October 2023 36,100
Provision
As at 1 November 2022 -
As at 31 October 2023 -
Net Book Value
As at 31 October 2023 36,100
As at 1 November 2022 48,600
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 14,286 19,486
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 960 13
Other creditors 26,052 24,502
Accruals and deferred income 750 960
Director's loan account 2,848 2,848
30,610 28,323
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 35,003 40,603
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4