2023-03-012024-02-292024-02-29false07940654C K FUTURES 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C K FUTURES LIMITED

Registered Number
07940654
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

C K FUTURES LIMITED
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

SPENCER, Charlotte

Registered Address

12a Marlborough Place
Brighton
BN1 1WN

Registered Number

07940654 (England and Wales)
C K FUTURES LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Current assets
Cash at bank and on hand7,82014,472
7,82014,472
Creditors amounts falling due within one year5(5,015)(5,792)
Net current assets (liabilities)2,8058,680
Total assets less current liabilities2,8058,680
Accruals and deferred income(558)(528)
Net assets2,2478,152
Capital and reserves
Called up share capital11
Profit and loss account2,2468,151
Shareholders' funds2,2478,152
The financial statements were approved and authorised for issue by the Director on 29 November 2024, and are signed on its behalf by:
SPENCER, Charlotte
Director
Registered Company No. 07940654
C K FUTURES LIMITED
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
2.Average number of employees

20242023
Average number of employees during the year11
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 March 2310,60010,600
At 29 February 2410,60010,600
Amortisation and impairment
At 01 March 2310,60010,600
At 29 February 2410,60010,600
Net book value
At 29 February 24--
At 28 February 23--
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 March 232,4802,480
At 29 February 242,4802,480
Depreciation and impairment
At 01 March 232,4802,480
At 29 February 242,4802,480
Net book value
At 29 February 24--
At 28 February 23--
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security5,0085,785
Other creditors77
Total5,0155,792
6.Controlling party
The company is controlled by its director, C Spencer, by virtue of her ownership of 100% of the issued share capital.