Registered number: 07081534 | ||||||||
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 | ||||||||
REGISTERED OFFICE | ||||||||
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 Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
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 | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
3,653,025 | 2,793,749 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 1,017,059 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 426,004 | 857,438 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | 1,653,471 | 212,630 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
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 | ||||||||
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 | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 48 | |||||
3. TANGIBLE FIXED ASSETS | ||||||
Fixtures | ||||||
and Fittings | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/01/2023 | 41,072 | 178,783 | 219,855 | |||
Additions | 2,660 | 15,147 | 17,807 | |||
At 31/12/2023 | 43,732 | 193,930 | 237,662 | |||
Depreciation | ||||||
At 01/01/2023 | 19,740 | 147,006 | 166,746 | |||
For the year | 7,590 | 19,740 | 27,330 | |||
At 31/12/2023 | 27,330 | 166,746 | 194,076 | |||
Net Book Amounts | ||||||
At 31/12/2023 | 43,586 | |||||
At 31/12/2022 | 53,109 | |||||
FUTURESERV LTD | ||||||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 1,998,280 | 1,843,581 | ||||||
Other debtors | 3,643 | 7,086 | ||||||
Prepayments | 22,701 | 9,535 | ||||||
2,024,624 | 1,860,202 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 195,021 | 406,532 | ||||||
VAT | 536,788 | 480,776 | ||||||
PAYE control | 93,774 | 74,156 | ||||||
Directors current account | 4,234 | 112,360 | ||||||
Bank Loan | 537,576 | 537,576 | ||||||
Credit card | 6,309 | 4,370 | ||||||
Trade creditors | 86,193 | 118,116 | ||||||
Other creditors | 9,575 | 16,242 | ||||||
Accruals | 18,256 | 26,562 | ||||||
1,487,726 | 1,776,690 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 426,004 | 857,438 | ||||||
426,004 | 857,438 | |||||||
7. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 3,648 | - | ||||||
Bad Debts | 125,662 | - | ||||||
129,310 | - | |||||||
FUTURESERV LTD | ||||||||
8. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
24 | ||||||||
100 | 100 | |||||||
9. CONTROLLING PARTY | ||||||||
The company is controlled by the trustees of Futureserv EOT Ltd. | ||||||||
10. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||
11. MOVEMENTS IN SHAREHOLDERS' FUNDS | 2023 | 2022 | ||||||
£ | £ | |||||||
Shareholders' funds at 1 January 2023 | 212,730 | 4,187,224 | ||||||
Profits for the year after taxation | 1,480,841 | 1,878,906 | ||||||
Dividends paid | (40,000) | (154,000) | ||||||
Payments to Futureserv EOT Ltd | - | (5,699,400) | ||||||
Shareholders' funds at 31 December 2023 | 1,653,571 | 212,730 | ||||||
12. DEFERRED TAXATION | 2023 | 2022 | ||||||
£ | £ | |||||||
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 | 2023 | 2022 | ||||||
£ | £ | |||||||
Not later than one year | 107,914 | 41205 | ||||||
Later than one year and not later than five years | 256,321 | 36892 | ||||||
Later then five years | 191,667 | 0 | ||||||
555,902 | 78097 | |||||||
The company had minimum lease payment obligations under non-cancellable operating leases as set out above. | ||||||||