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REGISTERED NUMBER: 06718373 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2023

for

Future Roots Limited

Future Roots Limited (Registered number: 06718373)

Contents of the Financial Statements
for the Year Ended 31st October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Future Roots Limited

Company Information
for the Year Ended 31st October 2023







DIRECTORS: J Plumley
J Sykes
A Johns
J Brady
S Spencer
S Lee
G Webb
C Bowles
G H Streatfield





REGISTERED OFFICE: Rylands Farm
Boys Hill
Holnest
Sherborne
Dorset
DT9 5PS





REGISTERED NUMBER: 06718373 (England and Wales)





ACCOUNTANTS: Teather & Co.
CHARTERED ACCOUNTANTS
Shepherds Spring
Penn Lane
Hardington Mandeville
Somerset
BA22 9PP

Future Roots Limited (Registered number: 06718373)

Balance Sheet
31st October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,461 51,283

CURRENT ASSETS
Debtors 5 61,700 42,778
Cash at bank 187,467 102,666
249,167 145,444
CREDITORS
Amounts falling due within one year 6 121,754 52,645
NET CURRENT ASSETS 127,413 92,799
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,874

144,082

DEFERRED INCOME 7 24,808 33,077
NET ASSETS 141,066 111,005

RESERVES
Operating reserve 150,000 150,000
Income and expenditure account (8,934 ) (38,995 )
141,066 111,005

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 surplus or deficit 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.

Future Roots Limited (Registered number: 06718373)

Balance Sheet - continued
31st October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd May 2024 and were signed on its behalf by:





J Plumley - Director


Future Roots Limited (Registered number: 06718373)

Notes to the Financial Statements
for the Year Ended 31st October 2023


1. STATUTORY INFORMATION

Future Roots Limited is a private company, limited by guarantee , 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 each asset over its estimated useful life.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit 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 17 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022
and 31st October 2023 117,686
DEPRECIATION
At 1st November 2022 66,403
Charge for year 12,822
At 31st October 2023 79,225
NET BOOK VALUE
At 31st October 2023 38,461
At 31st October 2022 51,283

Future Roots Limited (Registered number: 06718373)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 38,514 18,768
Other debtors 23,186 24,010
61,700 42,778

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Taxation and social security 9,475 1
Other creditors and accruals 112,279 52,644
121,754 52,645

7. DEFERRED INCOME

Asset based Grants:
31.10.23 31.10.22
£ £
At start of the year 33,077 44,103
Grants received to fund fixed assets - -
Released to the Income & Expenditure Account (8,269 ) (11,026 )
24,808 33,077

8. GRANT INCOME

31.10.23 31.10.22
£ £

At start of the year 36,000 62,414
Grants received or receivable 172,573 64,902
Transfer to Deferred Income - Asset based Grants - -
Released to the Income & Expenditure Account (115,533 ) (91,316 )
93,040 36,000