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REGISTERED NUMBER: 12441747 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

FUTURE SOMERS LTD

FUTURE SOMERS LTD (REGISTERED NUMBER: 12441747)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

FUTURE SOMERS LTD

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs L M Hazell
Mr D J Hazell
Miss R C Somers





REGISTERED OFFICE: Enterprise House
The Courtyard
Old Court House Road
Bromborough
Merseyside
CH62 4UE





REGISTERED NUMBER: 12441747 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

FUTURE SOMERS LTD (REGISTERED NUMBER: 12441747)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,000 3,500
Tangible assets 5 20,675 19,307
23,675 22,807

CURRENT ASSETS
Stocks 1,499 1,949
Debtors 6 21,747 20,000
Cash at bank and in hand 211 5,517
23,457 27,466
CREDITORS
Amounts falling due within one year 7 48,572 41,431
NET CURRENT LIABILITIES (25,115 ) (13,965 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,440

)

8,842

CAPITAL AND RESERVES
Called up share capital 8 25,000 25,000
Retained earnings 9 (26,440 ) (16,158 )
SHAREHOLDERS' FUNDS (1,440 ) 8,842

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 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.

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 Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





Miss R C Somers - Director


FUTURE SOMERS LTD (REGISTERED NUMBER: 12441747)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Future Somers Ltd 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
The financial statements have been prepared on the basis that the enterprise will continue in operational existence for the foreseeable future. This means in particular that the profit and loss account and balance sheet assume no intention nor necessity to liquidate or curtail significantly the scale of operation. Further, the financial statements have been prepared on the basis that continued support will be given by the company's directors.

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 2020, is being amortised evenly over its estimated useful life of ten years.

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 - 20% on cost
Fixtures and fittings - 20% 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.

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.

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 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 5,000
AMORTISATION
At 1 March 2023 1,500
Charge for year 500
At 29 February 2024 2,000
NET BOOK VALUE
At 29 February 2024 3,000
At 28 February 2023 3,500

FUTURE SOMERS LTD (REGISTERED NUMBER: 12441747)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 March 2023 28,437 10,429 38,866
Additions 13,295 - 13,295
At 29 February 2024 41,732 10,429 52,161
DEPRECIATION
At 1 March 2023 12,795 6,764 19,559
Charge for year 9,749 2,178 11,927
At 29 February 2024 22,544 8,942 31,486
NET BOOK VALUE
At 29 February 2024 19,188 1,487 20,675
At 28 February 2023 15,642 3,665 19,307

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 21,747 20,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 4,622 263
Taxation and social security - 779
Other creditors 43,950 40,389
48,572 41,431

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £250 25,000 25,000

9. RESERVES
Retained
earnings
£   

At 1 March 2023 (16,158 )
Deficit for the year (10,282 )
At 29 February 2024 (26,440 )

FUTURE SOMERS LTD (REGISTERED NUMBER: 12441747)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £6,921 (2023 - £18,314) owing to Miss RC Somers in relation to her directors loan account.

Included in other creditors is an amount of £11,500 (2023 - £11,500) owing to Mrs LM Hazell in relation to her directors loan account.

Included in other creditors is an amount of £21,534 (2023- £10,000) owing to Mr DJ Hazell in relation to his directors loan account.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Future Somers Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Future Somers Ltd for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Future Somers Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Future Somers Ltd and state those matters that we have agreed to state to the Board of Directors of Future Somers Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Future Somers Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Future Somers Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Future Somers Ltd. You consider that Future Somers Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Future Somers Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................