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REGISTERED NUMBER: 11808480 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

ALL POSSIBLE FUTURES LTD

ALL POSSIBLE FUTURES LTD (REGISTERED NUMBER: 11808480)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALL POSSIBLE FUTURES LTD

Company Information
for the year ended 29 February 2024







DIRECTORS: J C Biddle
J R Turner





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 11808480 (England and Wales)





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

ALL POSSIBLE FUTURES LTD (REGISTERED NUMBER: 11808480)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 12,100 6,150

CURRENT ASSETS
Debtors 5 68,721 88
Cash at bank 74,935 111,798
143,656 111,886
CREDITORS
Amounts falling due within one year 6 (135,978 ) (56,177 )
NET CURRENT ASSETS 7,678 55,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,778

61,859

PROVISIONS FOR LIABILITIES 7 (3,025 ) (1,538 )
NET ASSETS 16,753 60,321

CAPITAL AND RESERVES
Called up share capital 8 16 16
Retained earnings 16,737 60,305
SHAREHOLDERS' FUNDS 16,753 60,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 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 Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:



J R Turner - Director


ALL POSSIBLE FUTURES LTD (REGISTERED NUMBER: 11808480)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

All Possible Futures Ltd 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
Revenue is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. Revenue from video game development is recognised as contract activity progresses. 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, or deemed 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 useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Computer equipment -25% reducing balance

Financial instruments
Financial assets, 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.

ALL POSSIBLE FUTURES LTD (REGISTERED NUMBER: 11808480)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Going concern
The directors have 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.

Impairment
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023 9,616
Additions 8,269
At 29 February 2024 17,885
DEPRECIATION
At 1 March 2023 3,466
Charge for year 2,319
At 29 February 2024 5,785
NET BOOK VALUE
At 29 February 2024 12,100
At 28 February 2023 6,150

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 68,721 88

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 38,645 37,311
Other creditors 97,333 18,866
135,978 56,177

ALL POSSIBLE FUTURES LTD (REGISTERED NUMBER: 11808480)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,025 1,538

Deferred
tax
£   
Balance at 1 March 2023 1,538
Accelerated capital allowances 1,487
Balance at 29 February 2024 3,025

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary 2 8 8
4 Ordinary B 2 8 8
16 16