Registered number
08201001
Future Vision Business Ltd
Filleted Accounts
28 February 2025
Future Vision Business Ltd
Registered number: 08201001
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 757 891
Current assets
Debtors 4 29,723 23,499
Cash at bank and in hand 4,868 4,260
34,591 27,759
Creditors: amounts falling due within one year 5 (39,417) (31,372)
Net current liabilities (4,826) (3,613)
Total assets less current liabilities (4,069) (2,722)
Creditors: amounts falling due after more than one year 6 (12,297) (14,692)
Net liabilities (16,366) (17,414)
Capital and reserves
Called up share capital 1 1
Profit and loss account (16,367) (17,415)
Shareholder's funds (16,366) (17,414)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Muhammad Mohsin Naseer
Director
Approved by the board on 26 March 2025
Future Vision Business Ltd
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15 % Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 5 6
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 March 2024 7,735
At 28 February 2025 7,735
Depreciation
At 1 March 2024 6,844
Charge for the year 134
At 28 February 2025 6,978
Net book value
At 28 February 2025 757
At 29 February 2024 891
4 Debtors 2025 2024
£ £
Trade debtors 29,048 22,824
Other debtors 675 675
29,723 23,499
5 Creditors: amounts falling due within one year 2025 2024
£ £
Other creditors 39,417 31,372
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bounce Back Loan 12,297 14,692
7 Other information
Future Vision Business Ltd is a private company limited by shares and incorporated in England. Its registered office is:
66 Seymour Grove
Manchester
England
M16 0LN
8 Related party transactions 2025 2024
£ £
During the period the director provided an unsecured loan to the company. The loan is sub-ordinated in favour of all third-party creditors. No interest is charged on the outstanding amount. 25,380 24,649
Future Vision Business Ltd 08201001 false 2024-03-01 2025-02-28 2025-02-28 VT Final Accounts July 2024 Muhammad Mohsin Naseer No description of principal activity 08201001 2023-03-01 2024-02-29 08201001 core:WithinOneYear 2024-02-29 08201001 core:AfterOneYear 2024-02-29 08201001 core:ShareCapital 2024-02-29 08201001 core:RetainedEarningsAccumulatedLosses 2024-02-29 08201001 2024-03-01 2025-02-28 08201001 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 08201001 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 08201001 bus:Director40 2024-03-01 2025-02-28 08201001 1 2024-03-01 2025-02-28 08201001 2 2024-03-01 2025-02-28 08201001 core:PlantMachinery 2024-03-01 2025-02-28 08201001 countries:England 2024-03-01 2025-02-28 08201001 bus:FRS102 2024-03-01 2025-02-28 08201001 bus:FilletedAccounts 2024-03-01 2025-02-28 08201001 2025-02-28 08201001 core:WithinOneYear 2025-02-28 08201001 core:AfterOneYear 2025-02-28 08201001 core:ShareCapital 2025-02-28 08201001 core:RetainedEarningsAccumulatedLosses 2025-02-28 08201001 core:PlantMachinery 2025-02-28 08201001 2024-02-29 08201001 core:PlantMachinery 2024-02-29 iso4217:GBP xbrli:pure