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Registered number: 02567648 FUTURE-TECH SCI LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
FUTURE-TECH SCI LIMITED REGISTERED NUMBER: 02567648 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 4 |  | 208,033 |  | 152,915
Tangible assets | 5 |  | 119,505 |  | 144,934
|  |  | 327,538 |  | 297,849
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 3,211,340 |  | 2,720,508 |
Cash at bank and in hand | 7 | 1,851,310 |  | 1,786,563 |
|  | 5,062,650 |  | 4,507,071 |
Creditors: amounts falling due within one year | 8 | (3,070,896) |  | (2,510,353) |
Net current assets |  |  | 1,991,754 |  | 1,996,718
Total assets less current liabilities |  |  | 2,319,292 |  | 2,294,567
Creditors: amounts falling due after more than one year | 9 |  | (62,999) |  | (12,586)
Provisions for liabilities |  |  |  |  |
Deferred tax | 10 | (5,686) |  | (21,463) |
|  |  | (5,686) |  | (21,463)
Net assets |  |  | 2,250,607 |  | 2,260,518
Capital and reserves |  |  |  |  |
Called up share capital | 11 |  | 1,222 |  | 1,222
Share premium account |  |  | 49,800 |  | 49,800
Capital redemption reserve |  |  | 90 |  | 90
Profit and loss account |  |  | 2,199,495 |  | 2,209,406
|  |  | 2,250,607 |  | 2,260,518
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
J H Wilman
Director
Date: 2 September 2025
The notes on pages 3 to 11 form part of these financial statements. Page 1
FUTURE-TECH SCI LIMITED REGISTERED NUMBER: 02567648 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 Page 2
FUTURE-TECH SCI LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | GENERAL INFORMATION
Future-Tech SCI Limited is a private company, limited by shares and incorporated in England (registered number 02567648). The company's principal place of business is Eastheath House, Eastheath Avenue, Wokingham, Berkshire, RG41 2PR. 2.ACCOUNTING POLICIES
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: Rendering of services Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of turnover can be measured reliably; ∙it is probable that the company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Intangible Assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years. The estimated useful lives range as follows:
|  |  |  | Development expenditure | - | 2 | years
Page 3
FUTURE-TECH SCI LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.4 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Plant & machinery | - | 33.3% on cost
|  |  |  | Motor vehicles | - | 33.3% on cost
|  |  |  | Fixtures & fittings | - | 33.3% on cost
|  |  |  | Office equipment | - | 33.3% on cost
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.5 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.6 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.7 | Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
| 2.8 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 4
FUTURE-TECH SCI LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.9 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
| 2.10 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
| 2.11 | Operating leases: the company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.12 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss. Page 5
FUTURE-TECH SCI LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.13 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.14 | Cash flow
The financial statements do not include a Cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under Section 1A of the Financial Reporting Standard 102.
3. | EMPLOYEES
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Average employees | 44 | 44
Page 6
FUTURE-TECH SCI LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | INTANGIBLE ASSETS
|  | Development expenditure
|  | £
| Cost |
| At 1 April 2024 | 535,252
| Additions | 164,489
| At 31 March 2025 | 699,741
| Amortisation |
| At 1 April 2024 | 382,337
| Charge for the year on owned assets | 109,371
| At 31 March 2025 | 491,708
| Net book value |
| At 31 March 2025 | 208,033
| At 31 March 2024 | 152,915
Page 7
FUTURE-TECH SCI LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
5. | TANGIBLE FIXED ASSETS
|  | Plant & machinery | Motor vehicles | Fixtures & fittings | Office equipment | Total
|  | £ | £ | £ | £ | £
| Cost |  |  |  |  |
| At 1 April 2024 | 25,242 | 56,808 | 161,720 | 503,638 | 747,408
| Additions | - | 30,194 | 15,619 | 21,173 | 66,986
| Disposals | - | (40,131) | - | - | (40,131)
| At 31 March 2025 | 25,242 | 46,871 | 177,339 | 524,811 | 774,263
| Depreciation |  |  |  |  |
| At 1 April 2024 | 21,182 | 56,808 | 104,455 | 420,029 | 602,474
| Charge for the year | 1,812 | 5,871 | 22,157 | 62,575 | 92,415
| Disposals | - | (40,131) | - | - | (40,131)
| At 31 March 2025 | 22,994 | 22,548 | 126,612 | 482,604 | 654,758
| Net book value |  |  |  |  |
| At 31 March 2025 | 2,248 | 24,323 | 50,727 | 42,207 | 119,505
| At 31 March 2024 | 4,060 | - | 57,265 | 83,609 | 144,934
6. | DEBTORS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 2,239,704 | 1,687,597
| Other debtors | 29,556 | 11,303
| Prepayments | 366,896 | 294,974
| Amounts recoverable on long term contracts | 575,184 | 726,634
|  | 3,211,340 | 2,720,508
Page 8
FUTURE-TECH SCI LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
7. | CASH AND CASH EQUIVALENTS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 1,851,310 | 1,786,563
8. | CREDITORS: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 837,263 | 492,367
| Other taxation and social security | 556,091 | 365,669
| Obligations under finance lease and hire purchase contracts | 34,588 | 13,732
| Accruals and deferred income | 1,642,954 | 1,638,585
|  | 3,070,896 | 2,510,353
9. | CREDITORS: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Net obligations under finance leases and hire purchase contracts | 62,999 | 12,586
|  | 62,999 | 12,586
10. | DEFERRED TAXATION
|  | 2025
|  | £
| At beginning of year | (21,463)
| Charged to profit or loss | 15,777
| At end of year | (5,686)
Page 9
FUTURE-TECH SCI LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10.DEFERRED TAXATION (CONTINUED)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fixed asset timing differences | (21,463) | (34,088)
| Short term timing differences | 15,777 | 12,625
|  | (5,686) | (21,463)
Page 10
FUTURE-TECH SCI LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
11. | SHARE CAPITAL
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 910 (2024 - 910) Ordinary shares of £1.00 each | 910 | 910
|  | 150 (2024 - 150) Ordinay A shares of £1.00 each | 150 | 150
|  | 102 (2024 - 112) Ordinary B shares of £1.00 each | 102 | 112
|  | 50 (2024 - 50) Ordinary C shares of £1.00 each | 50 | 50
|  | 10 (2024 - ) Ordinary D Shares shares of £1.00 each | 10 | -
|  |  | 1,222 | 1,222
12. | CONTROLLING PARTY
The ultimate controlling parties are Mr F. Wilman and Mrs S. Wilman by virtue of their combined shareholding.
13. | AUDITORS' INFORMATION
The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified. The audit report was signed on 2 September 2025 by Darren O'Connor BSc (Hons) ACA FCCA (Senior statutory auditor) on behalf of James Cowper Kreston Audit.
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