Company Registration No. SC181954 (Scotland)
Futura Investments Limited
Unaudited accounts
for the year ended 31 December 2023
Futura Investments Limited
Unaudited accounts
Contents
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
Futura Investments Limited
Statement of financial position
as at 31 December 2023
Intangible assets
-
14,000
Tangible assets
4,988
5,238
Cash at bank and in hand
94,596
21,154
Creditors: amounts falling due within one year
(71,345)
(81,270)
Net current assets
129,645
39,839
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
Futura Investments Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Other
At 31 December 2023
210,000
Charge for the year
14,000
At 31 December 2023
210,000
At 31 December 2022
14,000
Futura Investments Limited
Notes to the Accounts
for the year ended 31 December 2023
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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
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
At 31 December 2023
1,302
236
3,450
4,988
At 31 December 2022
451
315
4,472
5,238
Amounts falling due within one year
Trade debtors
60,321
57,856
Accrued income and prepayments
38,579
35,896
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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)
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Average number of employees
During the year the average number of employees was 9 (2022: 9).