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Company Registration No. 08620884 (England and Wales)
Furthermore Ltd Unaudited accounts for the year ended 31 July 2024
Furthermore Ltd Unaudited accounts Contents
Page
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Furthermore Ltd Company Information for the year ended 31 July 2024
Directors
Steven N. Johnson Hana Sutch
Secretary
Nicola L. Johnson
Company Number
08620884 (England and Wales)
Registered Office
C/O Solid Ltd Eagle House 163 City Road London EC1V 1NR United Kingdom
Accountants
Solid Ltd Eagle House 163 City Road London EC1V 1NR
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Furthermore Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,874 
6,112 
Current assets
Debtors
70,500 
102,956 
Cash at bank and in hand
265,443 
168,289 
335,943 
271,245 
Creditors: amounts falling due within one year
(114,772)
(66,108)
Net current assets
221,171 
205,137 
Total assets less current liabilities
227,045 
211,249 
Creditors: amounts falling due after more than one year
(12,231)
(22,435)
Provisions for liabilities
Deferred tax
(1,175)
(1,222)
Net assets
213,639 
187,592 
Capital and reserves
Called up share capital
216 
216 
Profit and loss account
213,423 
187,376 
Shareholders' funds
213,639 
187,592 
For the year ending 31 July 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 13 February 2025 and were signed on its behalf by
Steven N. Johnson Director Company Registration No. 08620884
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Furthermore Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Furthermore Ltd is a private company, limited by shares, registered in England and Wales, registration number 08620884. The registered office is C/O Solid Ltd, Eagle House, 163 City Road, London, EC1V 1NR, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
over 5 years Straight line
Computer equipment
over 5 years Straight line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Cash and cash equivalents
Cash and cash equivalents are basic financial instruments and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Furthermore Ltd Notes to the Accounts for the year ended 31 July 2024
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
24,142 
4,886 
29,028 
Additions
1,927 
326 
2,253 
At 31 July 2024
26,069 
5,212 
31,281 
Depreciation
At 1 August 2023
18,889 
4,027 
22,916 
Charge for the year
2,239 
252 
2,491 
At 31 July 2024
21,128 
4,279 
25,407 
Net book value
At 31 July 2024
4,941 
933 
5,874 
At 31 July 2023
5,253 
859 
6,112 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
67,260 
79,327 
Accrued income and prepayments
3,240 
23,488 
Other debtors
- 
141 
70,500 
102,956 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,204 
9,952 
VAT
27,479 
17,823 
Trade creditors
2,694 
1,469 
Taxes and social security
44,464 
34,265 
Other creditors
967 
781 
Loans from directors
61 
- 
Accruals
4,015 
1,818 
Deferred income
24,888 
- 
114,772 
66,108 
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Furthermore Ltd Notes to the Accounts for the year ended 31 July 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,231 
22,435 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Steven N. Johnson
Loan
190 
29 
17 
202 
Hana Sutch
Loan
(141)
- 
- 
(141)
49 
29 
17 
61 
9
Average number of employees
During the year the average number of employees was 6 (2023: 7).
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