Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 09503120 Mr Cheow Wee Soh Mr Chee Mun Liew Ms Cassandra Hang Mr Siew Ping Jason NG true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09503120 2023-12-31 09503120 2024-12-31 09503120 2024-01-01 2024-12-31 09503120 frs-core:CurrentFinancialInstruments 2024-12-31 09503120 frs-core:Non-currentFinancialInstruments 2024-12-31 09503120 frs-core:PlantMachinery 2024-12-31 09503120 frs-core:PlantMachinery 2024-01-01 2024-12-31 09503120 frs-core:PlantMachinery 2023-12-31 09503120 frs-core:ShareCapital 2024-12-31 09503120 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 09503120 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09503120 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 09503120 frs-bus:SmallEntities 2024-01-01 2024-12-31 09503120 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09503120 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09503120 1 2024-01-01 2024-12-31 09503120 frs-bus:Director1 2024-01-01 2024-12-31 09503120 frs-bus:Director2 2024-01-01 2024-12-31 09503120 frs-bus:Director3 2024-01-01 2024-12-31 09503120 frs-bus:Director4 2024-01-01 2024-12-31 09503120 frs-countries:EnglandWales 2024-01-01 2024-12-31 09503120 2022-12-31 09503120 2023-12-31 09503120 2023-01-01 2023-12-31 09503120 frs-core:CurrentFinancialInstruments 2023-12-31 09503120 frs-core:Non-currentFinancialInstruments 2023-12-31 09503120 frs-core:ShareCapital 2023-12-31 09503120 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 09503120
Futr World Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Hanberry and Co
Chartered Certified Accountants
20 Peterborough Road
Harrow
Middlesex
HA1 2BQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09503120
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,729 3,328
2,729 3,328
CURRENT ASSETS
Debtors 5 132,935 95,691
Cash at bank and in hand 132,350 41,947
265,285 137,638
Creditors: Amounts Falling Due Within One Year 6 (572,839 ) (212,966 )
NET CURRENT ASSETS (LIABILITIES) (307,554 ) (75,328 )
TOTAL ASSETS LESS CURRENT LIABILITIES (304,825 ) (72,000 )
Creditors: Amounts Falling Due After More Than One Year 7 (15,000 ) (25,000 )
NET LIABILITIES (319,825 ) (97,000 )
CAPITAL AND RESERVES
Called up share capital 8 300 300
Profit and Loss Account (320,125 ) (97,300 )
SHAREHOLDERS' FUNDS (319,825) (97,000)
Page 1
Page 2
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Cassandra Hang
Director
21/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Futr World Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09503120 . The registered office is 20 Peterborough Road, Harrow, HA1 2BQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. In particular, the continued financial and logistics support of the group companies, the Directors have tested their cash flow analysis to take into account the impact on their business of possible down turn in this sector, alongside the measures that they can take to mitigate the impact. Based on these assessments, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 18% Written down value
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 4 3
4 3
Page 3
Page 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 January 2024 7,361
As at 31 December 2024 7,361
Depreciation
As at 1 January 2024 4,033
Provided during the period 599
As at 31 December 2024 4,632
Net Book Value
As at 31 December 2024 2,729
As at 1 January 2024 3,328
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 83,418 36,668
Prepayments and accrued income 29,775 46,195
Other debtors 19,742 12,828
132,935 95,691
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 223,311 98,833
Other taxes and social security 514 6,269
Other creditors 44,523 28,631
Accruals and deferred income 66,284 79,233
Amounts owed to group undertakings 238,207 -
572,839 212,966
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 15,000 25,000
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 300 300
Page 4
Page 5
9. Ultimate Controlling Party
The company is a wholly owned subsidiary of  MP International Investments PTE Ltd, which is registered in Singapore. The ultimate controlling party is Pico Far East Holdings Limited, a company listed on Hong Kong stock exchange by virtue of its overall control over the group, which includes MP International Investments PTE Ltd.
Page 5