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REGISTERED NUMBER: 13065416 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FUTURE CFO LIMITED

FUTURE CFO LIMITED (REGISTERED NUMBER: 13065416)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FUTURE CFO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr M Rifat





REGISTERED OFFICE: 7 Harriet Court
29 Pomeroy Street
London
SE14 5BW





REGISTERED NUMBER: 13065416 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

FUTURE CFO LIMITED (REGISTERED NUMBER: 13065416)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,738 8,869

CURRENT ASSETS
Debtors 5 97,756 69,836
Cash at bank 459,281 253,178
557,037 323,014
CREDITORS
Amounts falling due within one year 6 (102,887 ) (90,076 )
NET CURRENT ASSETS 454,150 232,938
TOTAL ASSETS LESS CURRENT LIABILITIES 460,888 241,807

PROVISIONS FOR LIABILITIES 7 (1,685 ) (1,685 )
NET ASSETS 459,203 240,122

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 459,202 240,121
SHAREHOLDERS' FUNDS 459,203 240,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FUTURE CFO LIMITED (REGISTERED NUMBER: 13065416)

BALANCE SHEET - continued
31 DECEMBER 2023


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 director and authorised for issue on 29 October 2024 and were signed by:





Mr M Rifat - Director


FUTURE CFO LIMITED (REGISTERED NUMBER: 13065416)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Future CFO Limited 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.

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
Turnover represents net invoiced fees for services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Computer equipment - 25% on reducing balance.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

FUTURE CFO LIMITED (REGISTERED NUMBER: 13065416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 11,825
Additions 115
At 31 December 2023 11,940
DEPRECIATION
At 1 January 2023 2,956
Charge for year 2,246
At 31 December 2023 5,202
NET BOOK VALUE
At 31 December 2023 6,738
At 31 December 2022 8,869

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 13,276 67,559
Amounts owed by related party 84,480 -
Other debtors - 2,277
97,756 69,836

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors - 8,062
Taxation and social security 99,187 82,014
Other creditors 3,700 -
102,887 90,076

7. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 1,685 1,685

FUTURE CFO LIMITED (REGISTERED NUMBER: 13065416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 1,685
Balance at 31 December 2023 1,685

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary £1 1 1

9. RELATED PARTY DISCLOSURES

Future Living Ventures Limtied

A company in which Mr M Rifat is a director.


There were no transactions between the parties apart from the transfer of funds during the year.

31.12.23 31.12.22
£    £   
Amount due from related party at the balance sheet date 84,480 -