1 January 2023 false No description of principal activity Taxfiler 2024.5 SC181954business:PrivateLimitedCompanyLtd2023-01-012023-12-31 SC1819542022-12-31 SC1819542023-01-012023-12-31 SC181954business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 SC181954business:FilletedAccounts2023-01-012023-12-31 SC1819542023-12-31 SC181954business:Director12023-01-012023-12-31 SC181954business:Director22023-01-012023-12-31 SC181954business:RegisteredOffice2023-01-012023-12-31 SC1819542022-12-31 SC181954core:WithinOneYear2023-12-31 SC181954core:WithinOneYear2022-12-31 SC181954core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC181954core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 SC181954core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC181954core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC181954core:PreviouslyStatedAmount2023-12-31 SC181954core:PreviouslyStatedAmount2022-12-31 SC181954business:SmallEntities2023-01-012023-12-31 SC181954countries:Scotland2023-01-012023-12-31 SC181954core:PlantMachinery2023-01-012023-12-31 SC181954core:FurnitureFittings2023-01-012023-12-31 SC181954core:ComputerEquipment2023-01-012023-12-31 SC181954core:IntangibleAssetsOtherThanGoodwill2022-12-31 SC181954core:IntangibleAssetsOtherThanGoodwill2023-12-31 SC181954core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-31 SC181954core:PlantMachinery2022-12-31 SC181954core:FurnitureFittings2022-12-31 SC181954core:ComputerEquipment2022-12-31 SC181954core:PlantMachinery2023-12-31 SC181954core:FurnitureFittings2023-12-31 SC181954core:ComputerEquipment2023-12-31 SC1819542022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC181954 (Scotland)
Futura Investments Limited Unaudited accounts for the year ended 31 December 2023
Futura Investments Limited Unaudited accounts Contents
Page
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Futura Investments Limited Company Information for the year ended 31 December 2023
Directors
Paul Shanahan Paul Vavangus
Company Number
SC181954 (Scotland)
Registered Office
12 Carden Place Aberdeen AB10 1UR
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Futura Investments Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
14,000 
Tangible assets
4,988 
5,238 
4,988 
19,238 
Current assets
Debtors
106,394 
99,955 
Cash at bank and in hand
94,596 
21,154 
200,990 
121,109 
Creditors: amounts falling due within one year
(71,345)
(81,270)
Net current assets
129,645 
39,839 
Net assets
134,633 
59,077 
Capital and reserves
Called up share capital
15,000 
15,000 
Profit and loss account
119,633 
44,077 
Shareholders' funds
134,633 
59,077 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by
Paul Shanahan Director Company Registration No. SC181954
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Futura Investments Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Futura Investments Limited is a private company, limited by shares, registered in Scotland, registration number SC181954. The registered office is 12 Carden Place, Aberdeen, AB10 1UR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Fixtures & fittings
20% straight line
Computer equipment
25% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
210,000 
At 31 December 2023
210,000 
Amortisation
At 1 January 2023
196,000 
Charge for the year
14,000 
At 31 December 2023
210,000 
Net book value
At 31 December 2023
- 
At 31 December 2022
14,000 
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Futura Investments Limited Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
15,330 
2,250 
22,980 
40,560 
Additions
1,177 
- 
205 
1,382 
At 31 December 2023
16,507 
2,250 
23,185 
41,942 
Depreciation
At 1 January 2023
14,879 
1,935 
18,508 
35,322 
Charge for the year
326 
79 
1,227 
1,632 
At 31 December 2023
15,205 
2,014 
19,735 
36,954 
Net book value
At 31 December 2023
1,302 
236 
3,450 
4,988 
At 31 December 2022
451 
315 
4,472 
5,238 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
7,193 
6,203 
Trade debtors
60,321 
57,856 
Accrued income and prepayments
38,579 
35,896 
Other debtors
301 
- 
106,394 
99,955 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
14,976 
11,404 
Taxes and social security
117,558 
139,374 
Other creditors
2,827 
5,114 
Loans from directors
(64,016)
(74,622)
71,345 
81,270 
8
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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