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REGISTERED NUMBER: 07150090 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

FUTURE VISION PROJECT MANAGEMENT LIMITED

FUTURE VISION PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07150090)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FUTURE VISION PROJECT MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mr I Daniels





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES





REGISTERED NUMBER: 07150090 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

FUTURE VISION PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07150090)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 16,281 21,832
16,281 21,832

CURRENT ASSETS
Stocks 6 500 500
Debtors 7 1,250 158
Cash at bank 2,761 1,494
4,511 2,152
CREDITORS
Amounts falling due within one year 8 14,228 13,317
NET CURRENT LIABILITIES (9,717 ) (11,165 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,564

10,667

CREDITORS
Amounts falling due after more than one
year

9

(2,016

)

(3,516

)

PROVISIONS FOR LIABILITIES 10 (3,093 ) (4,148 )
NET ASSETS 1,455 3,003

CAPITAL AND RESERVES
Called up share capital 11 200 200
Retained earnings 1,255 2,803
SHAREHOLDERS' FUNDS 1,455 3,003

FUTURE VISION PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07150090)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





Mr I Daniels - Director


FUTURE VISION PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07150090)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Future Vision Project Management 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

FUTURE VISION PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07150090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 March 2023
and 29 February 2024 9,000
Amortisation
At 1 March 2023
and 29 February 2024 9,000
Net book value
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 March 2023
and 29 February 2024 46,375 1,070 47,445
Depreciation
At 1 March 2023 24,909 704 25,613
Charge for year 5,366 185 5,551
At 29 February 2024 30,275 889 31,164
Net book value
At 29 February 2024 16,100 181 16,281
At 28 February 2023 21,466 366 21,832

6. STOCKS
29.2.24 28.2.23
£    £   
Stocks 500 500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 1,092 -
Other debtors 158 158
1,250 158

FUTURE VISION PROJECT MANAGEMENT LIMITED (REGISTERED NUMBER: 07150090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 1,500 1,500
Trade creditors 397 1,777
Taxation and social security 6,317 5,768
Other creditors 6,014 4,272
14,228 13,317

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 2,016 3,516

10. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 3,093 4,148

Deferred
tax
£   
Balance at 1 March 2023 4,148
Provided during year (1,055 )
Balance at 29 February 2024 3,093

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100
100 A Ordinary £1 100 100
200 200