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REGISTERED NUMBER: 05221504 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Futuristic Homes Limited

Futuristic Homes Limited (Registered number: 05221504)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Futuristic Homes Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: GL Coles





SECRETARY: Mrs GV Coles





REGISTERED OFFICE: Old BR Goods Depot
St Johns Road
Saxmundham
Suffolk
IP17 1BE





REGISTERED NUMBER: 05221504 (England and Wales)





ACCOUNTANTS: Mark Carter Accountancy Services Ltd
65 Kennedy Avenue
Halesworth
Suffolk
IP19 8EQ

Futuristic Homes Limited (Registered number: 05221504)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,459 4,324

CURRENT ASSETS
Stocks 578,341 577,818
Debtors 5 81,027 74,657
Cash at bank 7,969 6,503
667,337 658,978
CREDITORS
Amounts falling due within one year 6 531,740 530,235
NET CURRENT ASSETS 135,597 128,743
TOTAL ASSETS LESS CURRENT
LIABILITIES

139,056

133,067

PROVISIONS FOR LIABILITIES 499 34
NET ASSETS 138,557 133,033

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 138,457 132,933
SHAREHOLDERS' FUNDS 138,557 133,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Futuristic Homes Limited (Registered number: 05221504)

Balance Sheet - continued
30 September 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 27 June 2025 and were signed by:





GL Coles - Director


Futuristic Homes Limited (Registered number: 05221504)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Futuristic Homes 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. ACCOUNTING POLICIES

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

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.

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 etc - 20% on reducing balance

Stocks & work in progress
Stocks & work in progress have been valued at the lower of cost and net realisable value. Work in progress includes a relevant proportion of overheads appropriate to the stage of completion.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Futuristic Homes Limited (Registered number: 05221504)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 25,074
DEPRECIATION
At 1 October 2023 20,750
Charge for year 865
At 30 September 2024 21,615
NET BOOK VALUE
At 30 September 2024 3,459
At 30 September 2023 4,324

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors - 3,677
Other debtors 81,027 70,980
81,027 74,657

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors (1 ) 1
Taxation and social security 2,468 1,274
Other creditors 529,273 528,960
531,740 530,235

Futuristic Homes Limited (Registered number: 05221504)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
GL Coles
Balance outstanding at start of year 24,767 14,559
Amounts advanced 11,396 11,208
Amounts repaid (500 ) (1,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,663 24,767

The loan is unsecured, repayable on demand and interest is payable at HMRC official rates.

8. RELATED PARTY DISCLOSURES

At the year-end, there was a loan outstanding from Mrs G V Coles (majority shareholder) amounting to £ 30,098 (2023 £ 30,986) which is included in other debtors.

The loan is unsecured and repayable on demand.