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REGISTERED NUMBER: 02271937 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

FUTERA LIMITED

FUTERA LIMITED (REGISTERED NUMBER: 02271937)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

FUTERA LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2024







DIRECTORS: Mr C Cornhill
Mr T Woods
Mrs B Woods





SECRETARY: Mrs B Woods





REGISTERED OFFICE: Kingsgate
62 High Street
Redhill
Surrey
RH1 1SH





REGISTERED NUMBER: 02271937 (England and Wales)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

FUTERA LIMITED (REGISTERED NUMBER: 02271937)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 152,039 296,648
Investments 5 484,680 1,282,549
636,719 1,579,197

CURRENT ASSETS
Stocks 6 144,319 190,307
Debtors 7 536,464 1,112,888
Cash at bank and in hand 2,258,704 1,651,809
2,939,487 2,955,004
CREDITORS
Amounts falling due within one year 8 1,511,916 1,794,744
NET CURRENT ASSETS 1,427,571 1,160,260
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,064,290

2,739,457

CREDITORS
Amounts falling due after more than one year 9 (79,177 ) (101,523 )

PROVISIONS FOR LIABILITIES 11 (38,010 ) (71,877 )
NET ASSETS 1,947,103 2,566,057

CAPITAL AND RESERVES
Called up share capital 52,632 52,632
Retained earnings 1,894,471 2,513,425
1,947,103 2,566,057

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FUTERA LIMITED (REGISTERED NUMBER: 02271937)

BALANCE SHEET - continued
31 October 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 Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:




Mr T Woods - Director



Mrs B Woods - Director


FUTERA LIMITED (REGISTERED NUMBER: 02271937)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Futera 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.

Preparation of consolidated financial statements
The financial statements contain information about Futera Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
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.

Turnover
Turnover 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 - 33% straight line and 20% straight line

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Stocks
Stocks 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

FUTERA LIMITED (REGISTERED NUMBER: 02271937)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans are recognised at transaction price.

Financial liabilities are derecognised when the company's contractual obligations are discharged.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 32 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2023 783,053
Additions 6,120
At 31 October 2024 789,173
DEPRECIATION
At 1 November 2023 486,405
Charge for year 150,729
At 31 October 2024 637,134
NET BOOK VALUE
At 31 October 2024 152,039
At 31 October 2023 296,648

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2023 1,282,549
Impairments (797,869 )
At 31 October 2024 484,680
NET BOOK VALUE
At 31 October 2024 484,680
At 31 October 2023 1,282,549

FUTERA LIMITED (REGISTERED NUMBER: 02271937)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

6. STOCKS
2024 2023
£    £   
Stocks 144,319 190,307

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 226,120 360,427
Amounts owed by group undertakings - 134,809
Other debtors 202,604 69,303
Directors' current accounts - 506,489
Prepayments and accrued income 107,740 41,860
536,464 1,112,888

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 50,006 133,272
Trade creditors 254,306 220,018
Amounts owed to group undertakings - 66,072
Tax 479,248 260,389
Social security and other taxes 32,164 159,370
VAT 222,135 363,704
Other creditors 403,314 403,902
Directors' current accounts 2,532 -
Accruals 68,211 188,017
1,511,916 1,794,744

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 10) 79,177 101,523

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 50,006 133,272

Amounts falling due between two and five years:
Bank loans - 2-5 years 79,177 101,523

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 38,010 71,877

FUTERA LIMITED (REGISTERED NUMBER: 02271937)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2023 71,877
Movement (33,867 )
Balance at 31 October 2024 38,010

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mr T Woods
Balance outstanding at start of year 496,194 303,010
Amounts advanced 420,284 742,184
Amounts repaid (916,478 ) (549,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 496,194

Mr C Cornhill
Balance outstanding at start of year 10,294 2,000
Amounts advanced 60,174 46,050
Amounts repaid (73,000 ) (37,756 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,532 ) 10,294

13. POST BALANCE SHEET EVENTS

Immediately following the year-end, Futera Limited underwent a restructure where all of its subsidiaries were hived up into Futera Limited.

A subsidiary company was then subsequently sold for an agreed consideration of £5,499.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FUTERA LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Futera Limited for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Futera Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Futera Limited and state those matters that we have agreed to state to the Board of Directors of Futera Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Futera Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Futera Limited. You consider that Futera Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Futera Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


21 July 2025