FUTURE CONNECT TRAINING AND RECRUITMENT LTD

Company Registration Number:
08851253 (England and Wales)

Unaudited abridged accounts for the year ended 28 January 2024

Period of accounts

Start date: 29 January 2023

End date: 28 January 2024

FUTURE CONNECT TRAINING AND RECRUITMENT LTD

Contents of the Financial Statements

for the Period Ended 28 January 2024

Balance sheet
Notes

FUTURE CONNECT TRAINING AND RECRUITMENT LTD

Balance sheet

As at 28 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 15,425 8,753
Total fixed assets: 15,425 8,753
Current assets
Debtors: 4 618,948 236,640
Cash at bank and in hand: 358,920 258,002
Total current assets: 977,868 494,642
Creditors: amounts falling due within one year: 5 (489,256) (259,014)
Net current assets (liabilities): 488,612 235,628
Total assets less current liabilities: 504,037 244,381
Creditors: amounts falling due after more than one year: 6 (11,032) (17,500)
Total net assets (liabilities): 493,005 226,881
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 493,004 226,880
Shareholders funds: 493,005 226,881

The notes form part of these financial statements

FUTURE CONNECT TRAINING AND RECRUITMENT LTD

Balance sheet statements

For the year ending 28 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 May 2024
and signed on behalf of the board by:

Name: Miss Palwi Sood
Status: Director

The notes form part of these financial statements

FUTURE CONNECT TRAINING AND RECRUITMENT LTD

Notes to the Financial Statements

for the Period Ended 28 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Fittings fixtures and equipment - 20% straight line

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Other accounting policies

Contributions to defined contribution plans are recognized as an expense in the period in which the related service is provided. Prepaid contributions are recognized as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognized in finance costs in profit or loss in the period in which it arises.

FUTURE CONNECT TRAINING AND RECRUITMENT LTD

Notes to the Financial Statements

for the Period Ended 28 January 2024

2. Employees

2024 2023
Average number of employees during the period 18 16

FUTURE CONNECT TRAINING AND RECRUITMENT LTD

Notes to the Financial Statements

for the Period Ended 28 January 2024

3. Tangible Assets

Total
Cost £
At 29 January 2023 25,138
Additions 13,478
At 28 January 2024 38,616
Depreciation
At 29 January 2023 16,385
Charge for year 6,806
At 28 January 2024 23,191
Net book value
At 28 January 2024 15,425
At 28 January 2023 8,753

FUTURE CONNECT TRAINING AND RECRUITMENT LTD

Notes to the Financial Statements

for the Period Ended 28 January 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 618,948 236,640

FUTURE CONNECT TRAINING AND RECRUITMENT LTD

Notes to the Financial Statements

for the Period Ended 28 January 2024

5. Creditors: amounts falling due within one year note

Year 2024 2023 Bank loans and overdrafts 6,468 7,000 Corporation Tax 74,413 15,204 Social Security & Other taxes 34,763 55,007 Other Creditors 373,612 181,803 489,256 259,014

FUTURE CONNECT TRAINING AND RECRUITMENT LTD

Notes to the Financial Statements

for the Period Ended 28 January 2024

6. Creditors: amounts falling due after more than one year note

Year 2024 2023 Bank loans and overdrafts 11,032 17,500

FUTURE CONNECT TRAINING AND RECRUITMENT LTD

Notes to the Financial Statements

for the Period Ended 28 January 2024

7. Loans to directors

At the balance sheet date, the company was owed £13,781 (2023 - £19,224 to) by Miss Palwi Sood, a director of the company.