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Company Registration No. 08791434 (England and Wales)
Future Performance Technology Limited Unaudited accounts for the year ended 31 March 2025
Future Performance Technology Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Future Performance Technology Limited Company Information for the year ended 31 March 2025
Director
Mr C Toner
Company Number
08791434 (England and Wales)
Registered Office
Sheffield Technology Parks Cooper Buildi Arundel Street Sheffield S1 2NS England
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
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Future Performance Technology Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
56,487
74,496
Current assets
Debtors
6
101
194
Cash at bank and in hand
14
6
115
200
Creditors: amounts falling due within one year
7
(50,584)
(48,944)
Net current liabilities
(50,469)
(48,744)
Net assets
6,018
25,752
Capital and reserves
Called up share capital
125
125
Share premium
179,963
179,963
Profit and loss account
(174,070)
(154,336)
Shareholders' funds
6,018
25,752
For the year ending 31 March 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 June 2025 and were signed on its behalf by
Mr C Toner Director Company Registration No. 08791434
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Future Performance Technology Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Future Performance Technology Limited is a private company, limited by shares, registered in England and Wales, registration number 08791434. The registered office is Sheffield Technology Parks Cooper Buildi, Arundel Street, Sheffield, S1 2NS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
£
Cost
At 1 April 2024
180,091
At 31 March 2025
180,091
Amortisation
At 1 April 2024
105,595
Charge for the year
18,009
At 31 March 2025
123,604
Net book value
At 31 March 2025
56,487
At 31 March 2024
74,496
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Future Performance Technology Limited Notes to the Accounts for the year ended 31 March 2025
5
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 April 2024
1,215
At 31 March 2025
1,215
Depreciation
At 1 April 2024
1,215
At 31 March 2025
1,215
Net book value
At 31 March 2025
-
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
101
194
7
Creditors: amounts falling due within one year
2025
2024
£
£
Loans from directors
50,167
48,638
Accruals
417
306
50,584
48,944
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Mr C Toner
Director Loan Account
(48,637)
(1,530)
-
(50,167)
(48,637)
(1,530)
-
(50,167)
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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