Company Registration No. 06602714 (England and Wales)
FUTURE SIX LIMITED
Unaudited accounts
for the year ended 28 May 2024
FUTURE SIX LIMITED
Unaudited accounts
Contents
FUTURE SIX LIMITED
Company Information
for the year ended 28 May 2024
Directors
C I McIvor
H V McIvor
Company Number
06602714 (England and Wales)
Registered Office
FORGE COTTAGE BATH ROAD
NAILSWORTH
STROUD
GLOUCESTERSHIRE
GL6 0HH
FUTURE SIX LIMITED
Statement of financial position
as at 28 May 2024
Intangible assets
9,300
9,300
Tangible assets
502,795
650,652
Cash at bank and in hand
23,809
11,947
Creditors: amounts falling due within one year
(38,611)
(43,715)
Net current assets
13,429
40,543
Total assets less current liabilities
525,524
700,495
Creditors: amounts falling due after more than one year
(292,277)
(292,525)
Net assets
233,247
407,970
Called up share capital
100
100
Profit and loss account
233,147
407,870
Shareholders' funds
233,247
407,970
For the year ending 28 May 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by
C I McIvor
Director
Company Registration No. 06602714
FUTURE SIX LIMITED
Notes to the Accounts
for the year ended 28 May 2024
FUTURE SIX LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06602714. The registered office is FORGE COTTAGE BATH ROAD, NAILSWORTH, STROUD, GLOUCESTERSHIRE, GL6 0HH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
FUTURE SIX LIMITED
Notes to the Accounts
for the year ended 28 May 2024
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 29 May 2023
652,118
29,891
7,753
19,845
709,607
Additions
2,233
8,000
-
1,505
11,738
Disposals
(141,078)
(17,000)
-
-
(158,078)
At 28 May 2024
513,273
20,891
7,753
21,350
563,267
At 29 May 2023
26,950
15,646
5,579
10,780
58,955
Charge for the year
8,565
607
544
2,405
12,121
On disposals
(6,088)
(4,516)
-
-
(10,604)
At 28 May 2024
29,427
11,737
6,123
13,185
60,472
At 28 May 2024
483,846
9,154
1,630
8,165
502,795
At 28 May 2023
625,168
14,245
2,174
9,065
650,652
Amounts falling due within one year
Trade debtors
24,162
70,579
Amounts due from group undertakings etc.
134
134
Accrued income and prepayments
3,572
1,598
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,247
5,247
Taxes and social security
3,265
706
Other creditors
1,018
2,161
Loans from directors
-
5,431
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
292,277
292,525
FUTURE SIX LIMITED
Notes to the Accounts
for the year ended 28 May 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
(5,431)
112,533
106,739
363
(5,431)
112,533
106,739
363
10
Average number of employees
During the year the average number of employees was 2 (2023: 7).