IRIS Accounts Production v24.3.0.553 02253951 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh022539512023-03-31022539512024-03-31022539512023-04-012024-03-31022539512022-03-31022539512022-04-012023-03-31022539512023-03-3102253951ns15:EnglandWales2023-04-012024-03-3102253951ns14:PoundSterling2023-04-012024-03-3102253951ns10:Director12023-04-012024-03-3102253951ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102253951ns10:SmallEntities2023-04-012024-03-3102253951ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3102253951ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102253951ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102253951ns10:FullAccounts2023-04-012024-03-3102253951ns10:OrdinaryShareClass12023-04-012024-03-3102253951ns10:Director22023-04-012024-03-3102253951ns10:Director32023-04-012024-03-3102253951ns10:Director42023-04-012024-03-3102253951ns10:Director52023-04-012024-03-3102253951ns10:Director62023-04-012024-03-3102253951ns10:RegisteredOffice2023-04-012024-03-3102253951ns5:CurrentFinancialInstruments2024-03-3102253951ns5:CurrentFinancialInstruments2023-03-3102253951ns5:ShareCapital2024-03-3102253951ns5:ShareCapital2023-03-3102253951ns5:RetainedEarningsAccumulatedLosses2024-03-3102253951ns5:RetainedEarningsAccumulatedLosses2023-03-3102253951ns5:LeaseholdImprovements2023-04-012024-03-3102253951ns5:PlantMachinery2023-04-012024-03-3102253951ns5:FurnitureFittings2023-04-012024-03-3102253951ns5:ComputerEquipment2023-04-012024-03-3102253951ns5:LeaseholdImprovements2023-03-3102253951ns5:PlantMachinery2023-03-3102253951ns5:FurnitureFittings2023-03-3102253951ns5:ComputerEquipment2023-03-3102253951ns5:LeaseholdImprovements2024-03-3102253951ns5:PlantMachinery2024-03-3102253951ns5:FurnitureFittings2024-03-3102253951ns5:ComputerEquipment2024-03-3102253951ns5:LeaseholdImprovements2023-03-3102253951ns5:PlantMachinery2023-03-3102253951ns5:FurnitureFittings2023-03-3102253951ns5:ComputerEquipment2023-03-3102253951ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3102253951ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3102253951ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 02253951 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Futurechart Limited

Futurechart Limited (Registered number: 02253951)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Futurechart Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M A Abdulkarim
A M Esmail
T M Kermalli
S M Kermalli
M R Master
M R Master





REGISTERED OFFICE: 200 Wigston Road
Woodway Park
Coventry
CV2 2RH





REGISTERED NUMBER: 02253951 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Futurechart Limited (Registered number: 02253951)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,530 9,173

CURRENT ASSETS
Stocks 28,508 26,963
Debtors 5 1,098,849 1,087,734
Cash at bank and in hand 177,191 167,323
1,304,548 1,282,020
CREDITORS
Amounts falling due within one year 6 207,242 181,292
NET CURRENT ASSETS 1,097,306 1,100,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,102,836

1,109,901

PROVISIONS FOR LIABILITIES 1,107 918
NET ASSETS 1,101,729 1,108,983

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 1,101,629 1,108,883
SHAREHOLDERS' FUNDS 1,101,729 1,108,983

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Futurechart Limited (Registered number: 02253951)

Balance Sheet - continued
31 March 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





S M Kermalli - Director


Futurechart Limited (Registered number: 02253951)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Futurechart 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
The turnover shown in the profit and loss account is the amount receivable for the provision of goods and services falling within the Company's activities, net of Value Added Tax, rebates and trade discounts.

Turnover from the provision of goods and services is recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stock has been valued at the lower of cost and estimated selling price less costs to sell. Cost is determined on an average basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Futurechart Limited (Registered number: 02253951)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 27,880 - 114,418 9,678 151,976
Additions - 2,290 - - 2,290
At 31 March 2024 27,880 2,290 114,418 9,678 154,266
DEPRECIATION
At 1 April 2023 23,726 - 109,399 9,678 142,803
Charge for year 4,154 525 1,254 - 5,933
At 31 March 2024 27,880 525 110,653 9,678 148,736
NET BOOK VALUE
At 31 March 2024 - 1,765 3,765 - 5,530
At 31 March 2023 4,154 - 5,019 - 9,173

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 102,993 90,688
Other debtors 12,395 13,585
115,388 104,273

Amounts falling due after more than one year:
Amounts owed by participating interests 983,461 983,461

Aggregate amounts 1,098,849 1,087,734

Futurechart Limited (Registered number: 02253951)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 124,573 121,517
Taxation and social security 57,112 39,628
Other creditors 25,557 20,147
207,242 181,292

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100