IRIS Accounts Production v24.3.2.46 NI072964 director 30.6.23 29.6.24 29.6.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI0729642023-06-29NI0729642024-06-29NI0729642023-06-302024-06-29NI0729642022-06-29NI0729642022-06-302023-06-29NI0729642023-06-29NI072964ns15:NorthernIreland2023-06-302024-06-29NI072964ns14:PoundSterling2023-06-302024-06-29NI072964ns10:Director12023-06-302024-06-29NI072964ns10:PrivateLimitedCompanyLtd2023-06-302024-06-29NI072964ns10:SmallEntities2023-06-302024-06-29NI072964ns10:AuditExempt-NoAccountantsReport2023-06-302024-06-29NI072964ns10:SmallCompaniesRegimeForDirectorsReport2023-06-302024-06-29NI072964ns10:SmallCompaniesRegimeForAccounts2023-06-302024-06-29NI072964ns10:FullAccounts2023-06-302024-06-29NI072964ns10:OrdinaryShareClass12023-06-302024-06-29NI072964ns10:RegisteredOffice2023-06-302024-06-29NI072964ns5:CurrentFinancialInstruments2024-06-29NI072964ns5:CurrentFinancialInstruments2023-06-29NI072964ns5:Non-currentFinancialInstruments2024-06-29NI072964ns5:Non-currentFinancialInstruments2023-06-29NI072964ns5:ShareCapital2024-06-29NI072964ns5:ShareCapital2023-06-29NI072964ns5:RetainedEarningsAccumulatedLosses2024-06-29NI072964ns5:RetainedEarningsAccumulatedLosses2023-06-29NI072964ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-06-302024-06-29NI072964ns5:PlantMachinery2023-06-302024-06-29NI072964ns5:LandBuildings2023-06-29NI072964ns5:PlantMachinery2023-06-29NI072964ns5:LandBuildings2023-06-302024-06-29NI072964ns5:LandBuildings2024-06-29NI072964ns5:PlantMachinery2024-06-29NI072964ns5:LandBuildings2023-06-29NI072964ns5:PlantMachinery2023-06-29NI072964ns5:AdditionsToInvestments2024-06-29NI072964ns5:CostValuation2024-06-29NI072964ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-29NI072964ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-29NI072964ns5:CurrentFinancialInstruments2023-06-302024-06-29NI072964ns5:Non-currentFinancialInstruments2023-06-302024-06-29NI072964ns10:OrdinaryShareClass12024-06-29
REGISTERED NUMBER: NI072964 (Northern Ireland)















FORWARD THINKING, FUTURE PLANNING LTD

Unaudited Financial Statements for the Year Ended 29 June 2024






FORWARD THINKING, FUTURE PLANNING LTD (REGISTERED NUMBER: NI072964)






Contents of the Financial Statements
FOR THE YEAR ENDED 29 JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FORWARD THINKING, FUTURE PLANNING LTD

Company Information
FOR THE YEAR ENDED 29 JUNE 2024







DIRECTOR: Colm Campbell





REGISTERED OFFICE: 65 Tirmacrannon Road
Loughgall
Co. Armagh
BT61 8LW





REGISTERED NUMBER: NI072964 (Northern Ireland)





ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP

FORWARD THINKING, FUTURE PLANNING LTD (REGISTERED NUMBER: NI072964)

Statement of Financial Position
29 JUNE 2024

2024 2023
Notes £ £
NON-CURRENT ASSETS
Property, plant and equipment 5 3,760,725 2,907,360
Investments 6 840,000 -
4,600,725 2,907,360

CURRENT ASSETS
Receivables 7 557,181 387,417
Cash at bank 10,088 84,056
567,269 471,473
PAYABLES
Amounts falling due within one year 8 (2,232,718 ) (1,950,119 )
NET CURRENT LIABILITIES (1,665,449 ) (1,478,646 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,935,276

1,428,714

PAYABLES
Amounts falling due after more than
one year

9

(473,686

)

(108,975

)

PROVISIONS FOR LIABILITIES (263,583 ) (131,779 )
NET ASSETS 2,198,007 1,187,960

CAPITAL AND RESERVES
Share capital 10 1 1
Retained earnings 2,198,006 1,187,959
SHAREHOLDERS' FUNDS 2,198,007 1,187,960

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 29 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FORWARD THINKING, FUTURE PLANNING LTD (REGISTERED NUMBER: NI072964)

Statement of Financial Position - continued
29 JUNE 2024


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 director and authorised for issue on 5 March 2025 and were signed by:





Colm Campbell - Director


FORWARD THINKING, FUTURE PLANNING LTD (REGISTERED NUMBER: NI072964)

Notes to the Financial Statements
FOR THE YEAR ENDED 29 JUNE 2024

1. STATUTORY INFORMATION

Forward Thinking, Future Planning Ltd is a private company limited by shares incorporated in Northern Ireland.

The presentation currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparation
The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.
The accounting policies detailed below have been applied consistently throughout the year.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Plant and machinery - 25% reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Investments in associates
Investments in associate undertakings are recognised at cost.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable
profits for the year and is calculated using the tax rates and laws that have been enacted or
substantially enacted at the Statement of Financial Position date.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

FORWARD THINKING, FUTURE PLANNING LTD (REGISTERED NUMBER: NI072964)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 JUNE 2024

5. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and
property machinery Totals
£ £ £
COST
At 30 June 2023 2,180,430 1,548,043 3,728,473
Additions 368,865 749,257 1,118,122
At 29 June 2024 2,549,295 2,297,300 4,846,595
DEPRECIATION
At 30 June 2023 - 821,113 821,113
Charge for year - 264,757 264,757
At 29 June 2024 - 1,085,870 1,085,870
NET BOOK VALUE
At 29 June 2024 2,549,295 1,211,430 3,760,725
At 29 June 2023 2,180,430 726,930 2,907,360

6. FIXED ASSET INVESTMENTS
Interest in
associate
£
COST
Additions 840,000
At 29 June 2024 840,000
NET BOOK VALUE
At 29 June 2024 840,000

7. RECEIVABLES
2024 2023
£ £
Trade receivables 354,885 302,736
Amounts owed by group undertakings - 5,740
Other receivables 202,296 78,941
557,181 387,417

The amounts owing by the group undertakings are interest free and payable on demand.

8. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 72,458 37,838
Hire purchase contracts 178,809 106,070
Trade payables 303,295 314,174
Amounts owed to group undertakings 1,179,339 1,401,058
Taxation and social security 17,146 42,150
Other payables 481,671 48,829
2,232,718 1,950,119

The amounts owed to the group undertakings are interest free and repayable on demand.

FORWARD THINKING, FUTURE PLANNING LTD (REGISTERED NUMBER: NI072964)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 29 JUNE 2024

9. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2024 2023
£ £
Bank loans 234,279 -
Hire purchase contracts 239,407 108,975
473,686 108,975

The bank overdraft is secured by way of fixed charge over the undertaking of the company all monies and all of its property.

Hire purchase liabilities are secured against the assets to which they relate.

10. SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1 Ordinary £1 1 1

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.