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REGISTERED NUMBER: 12536044 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

FUTURE LEADERSHIP LIMITED

FUTURE LEADERSHIP LIMITED (REGISTERED NUMBER: 12536044)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FUTURE LEADERSHIP LIMITED

Company Information
for the year ended 31 March 2024







DIRECTOR: G J Storer





REGISTERED OFFICE: 215 The Welkin
Linfield
West Sussex
RH16 2PN





REGISTERED NUMBER: 12536044 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

FUTURE LEADERSHIP LIMITED (REGISTERED NUMBER: 12536044)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,183 1,864

CURRENT ASSETS
Debtors 5 2,713 10,304
Cash at bank and in hand 88,841 32,031
91,554 42,335
CREDITORS
Amounts falling due within one year 6 (26,818 ) (12,764 )
NET CURRENT ASSETS 64,736 29,571
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,919

31,435

PROVISIONS FOR LIABILITIES 7 (298 ) (354 )
NET ASSETS 65,621 31,081

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 65,521 30,981
SHAREHOLDERS' FUNDS 65,621 31,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 profit or loss 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.

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 director and authorised for issue on 8 August 2024 and were signed by:



G J Storer - Director


FUTURE LEADERSHIP LIMITED (REGISTERED NUMBER: 12536044)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Future Leadership Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the fair value of consideration received or receivable net of VAT and trade discounts.

Revenue from executive coaching services is recognised at the point of sale. Revenue not billed is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Tangible fixed assets
Tangible fixed assets are stated at cost, less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment-33% on cost
Fixt & Fittings - 25% on cost

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

FUTURE LEADERSHIP LIMITED (REGISTERED NUMBER: 12536044)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Impairment policy
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The director has a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 - 2,068 2,068
Additions 239 - 239
Disposals - (345 ) (345 )
At 31 March 2024 239 1,723 1,962
DEPRECIATION
At 1 April 2023 - 204 204
Charge for year 40 569 609
Eliminated on disposal - (34 ) (34 )
At 31 March 2024 40 739 779
NET BOOK VALUE
At 31 March 2024 199 984 1,183
At 31 March 2023 - 1,864 1,864

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,926 9,785
Other debtors 787 519
2,713 10,304

FUTURE LEADERSHIP LIMITED (REGISTERED NUMBER: 12536044)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 23,656 8,848
Other creditors 3,162 3,916
26,818 12,764

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 298 354

Deferred
tax
£   
Balance at 1 April 2023 354
Accelerated capital allowances (56 )
Balance at 31 March 2024 298

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100