REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st October 2023 |
for |
Future Roots Limited |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
DEFERRED INCOME | 7 |
NET ASSETS |
RESERVES |
Operating reserve |
Income and expenditure account | ( |
) | ( |
) |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1st November 2022 |
and 31st October 2023 |
DEPRECIATION |
At 1st November 2022 |
Charge for year |
At 31st October 2023 |
NET BOOK VALUE |
At 31st October 2023 |
At 31st October 2022 |
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 |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.23 | 31.10.22 |
£ | £ |
Taxation and social security |
Other creditors and accruals |
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 |