07081534falsethe provision of engineering consultancy services2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director22023-01-012023-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2022-12-31http://www.companieshouse.gov.uk/cd:Director32023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-12-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-12-31http://www.companieshouse.gov.uk/cd:Director42023-01-012023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22023-01-012023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07081534

FUTURESERV LTD

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
Brody Lee Kershaw Ltd
Chartered Accountants
Suite 2 1st Floor Metropolitan House
Station Road
Cheadle Hulme
Cheshire
SK8 7AZ

FUTURESERV LTD

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
Craig Paul CLEARY
David Joseph CLEARY
David Steven ORSLER
Michael TRAVIS
REGISTERED OFFICE
10 Oxford Court
Manchester
M2 3WQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07081534
ACCOUNTANTS
Brody Lee Kershaw Ltd
Chartered Accountants
Suite 2 1st Floor Metropolitan House
Station Road
Cheadle Hulme
Cheshire
SK8 7AZ

FUTURESERV LTD

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

FUTURESERV LTD

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets343,58653,109
CURRENT ASSETS
Debtors42,024,6241,860,202
Cash at bank and in hand1,628,401933,547
3,653,0252,793,749
CREDITORS: Amounts falling due within one year51,487,7261,776,690
NET CURRENT ASSETS2,165,2991,017,059
TOTAL ASSETS LESS CURRENT LIABILITIES2,208,8851,070,168
CREDITORS: Amounts falling due after more than one year6426,004857,438
PROVISIONS FOR LIABILITIES AND CHARGES7129,310-
NET ASSETS1,653,571212,730
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account1,653,471212,630
SHAREHOLDERS' FUNDS1,653,571212,730
For the year ending 31/12/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 03/05/2024 and signed on their behalf by
.............................
Craig Paul CLEARY
Director

FUTURESERV LTD

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittings 15%
Equipment 50%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
1e.
1f. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 including section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2. EMPLOYEES
20232022
No.No.
Average number of employees5348
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/01/202341,072178,783219,855
Additions2,66015,14717,807
At 31/12/202343,732193,930237,662
Depreciation
At 01/01/202319,740147,006166,746
For the year7,59019,74027,330
At 31/12/202327,330166,746194,076
Net Book Amounts
At 31/12/202316,40227,18443,586
At 31/12/202221,33231,77753,109

FUTURESERV LTD

4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors1,998,2801,843,581
Other debtors3,6437,086
Prepayments22,7019,535
2,024,6241,860,202
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax195,021406,532
VAT536,788480,776
PAYE control93,77474,156
Directors current account4,234112,360
Bank Loan537,576537,576
Credit card6,3094,370
Trade creditors86,193118,116
Other creditors9,57516,242
Accruals18,25626,562
1,487,7261,776,690
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr426,004857,438
426,004857,438
7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation3,648-
Bad Debts125,662-
129,310-

FUTURESERV LTD

8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
2400 of £0.01 each24
100100
9. CONTROLLING PARTY
The company is controlled by the trustees of Futureserv EOT Ltd.
10. RELATED PARTY TRANSACTIONS
At the balance sheet date the company owed a total of £4234 (2022--£112360) to the directors.
11. MOVEMENTS IN SHAREHOLDERS' FUNDS 20232022
££
Shareholders' funds at 1 January 2023212,7304,187,224
Profits for the year after taxation1,480,8411,878,906
Dividends paid(40,000)(154,000)
Payments to Futureserv EOT Ltd-(5,699,400)
Shareholders' funds at 31 December 20231,653,571212,730
12. DEFERRED TAXATION 20232022
££
Deferred tax charge in profit and loss account due to:
Deferred taxation(3,648)-
Provision at the end of the period(3,648)-
13. COMMITMENTS UNDER OPERATING LEASES 20232022
££
Not later than one year107,91441205
Later than one year and not later than five years256,32136892
Later then five years191,6670
555,90278097
The company had minimum lease payment obligations under non-cancellable operating leases as set out above.