REGISTERED NUMBER: 01875736 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

FUTURE KNITTING COMPANY LIMITED

Page

Balance Sheet

1

FIXED ASSETS

756,480

768,927

CURRENT ASSETS

85,564

79,889

PREPAYMENTS AND ACCRUED INCOME

389

375

CREDITORS

Amounts falling due within one year

(798,463

)

(10,454

)

NET CURRENT (LIABILITIES)/ASSETS

(712,510

)

69,810

TOTAL ASSETS LESS CURRENT LIABILITIES

43,970

838,737

CREDITORS

Amounts falling due after more than one year

(39,070

)

(833,969

)

ACCRUALS AND DEFERRED INCOME

(3,893

)

(3,749

)

NET ASSETS

1,007

1,019

CAPITAL AND RESERVES

1,007

1,019

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Future Knitting Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01875736

Registered office:

4 Stretton Close

Burbage

Hinckley

Leicestershire

LE10 2NF

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2024 - 2 ) .

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr J W Hix and Mrs L E Hix

Balance outstanding at start of year

5,953

19,386

Amounts advanced

33,092

24,066

Amounts repaid

(27,625

)

(37,499

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,420

5,953

The advance to the directors is unsecured and repayable on demand. Interest is being charged at the HMRC rate applicable to beneficial loan arrangements.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:

Mr J W Hix - Director