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REGISTERED NUMBER: 04035327 (England and Wales)















Financial Statements

for the Year Ended 31 July 2024

for

Futronics Limited

Futronics Limited (Registered number: 04035327)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Futronics Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: A D Parfitt





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 04035327 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Futronics Limited (Registered number: 04035327)

Statement of Financial Position
31 July 2024

31/7/24 31/7/23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 10,170 10,265
Investments 6 10,000 10,000
20,170 20,265

CURRENT ASSETS
Inventories - 25,000
Debtors 7 1,428,953 1,631,153
Cash at bank 19,934 8,770
1,448,887 1,664,923
CREDITORS
Amounts falling due within one year 8 (83,243 ) (324,824 )
NET CURRENT ASSETS 1,365,644 1,340,099
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,385,814

1,360,364

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,385,714 1,360,264
1,385,814 1,360,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Futronics Limited (Registered number: 04035327)

Statement of Financial Position - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2025 and were signed by:





A D Parfitt - Director


Futronics Limited (Registered number: 04035327)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Futronics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 preparing the financial statements
The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Futronics Limited (Registered number: 04035327)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
Cost
At 1 August 2023 12,287
Additions 2,497
At 31 July 2024 14,784
Depreciation
At 1 August 2023 2,022
Charge for year 2,592
At 31 July 2024 4,614
Net book value
At 31 July 2024 10,170
At 31 July 2023 10,265

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31/7/24 31/7/23
£    £   
Other investments 10,000 10,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Amounts owed by group undertakings 183,750 63,784
Amounts owed by associates 3,235 -
Other debtors 1,241,968 1,567,369
1,428,953 1,631,153

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade creditors 5,432 40,363
Taxation and social security 71,619 278,204
Other creditors 6,192 6,257
83,243 324,824

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31 July 2024 there was a balance owed to the company from Mr A Parfitt of £827,542.70 (2023:
£711,470.83). Interest has been charged at a rate of 2.25%.

Futronics Limited (Registered number: 04035327)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Futronics Group Limited.