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Registered Number: 04131983
England and Wales

 

 

 

FUTURETREND TECHNOLOGIES LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

FUTURETREND TECHNOLOGIES LIMITED
Contents Page
For the year ended 31 December 2024
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 650,148    653,490 
650,148    653,490 
Current assets      
Debtors: amounts falling due within one year 0    4,752 
Cash at bank and in hand 18,057    1,571 
18,057    6,323 
Creditors: amount falling due within one year (9,339)   (7,577)
Net current assets 8,718    (1,254)
 
Total assets less current liabilities 658,866    652,236 
Creditors: amount falling due after more than one year (492,169)   (522,817)
Provisions for liabilities (120)   599 
Net assets 166,577    130,018 
 

Capital and reserves 		     
Called up share capital 10,000    10,000 
Profit and loss account 156,577    120,018 
Shareholders' funds 166,577    130,018 
 


For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 26 September 2025 and were signed by:


-------------------------------
Femi Lana
Director
1
General Information
FUTURETREND TECHNOLOGIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04131983, registration address 81 Southbury Road , Enfield , EN1 1PJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Land and Buildings   Total
  £   £   £   £   £   £
At 01 January 2024 -    14,055    -    45,176    636,777    696,008 
Additions 2,217    -    13,508    -    -    15,725 
Disposals -    -    -    -    -    - 
At 31 December 2024 2,217    14,055    13,508    45,176    636,777    711,733 
Depreciation
At 01 January 2024 -    14,055    -    41,822    -    55,877 
Charge for year 845    -    4,863    -    -    5,708 
On disposals -    -    -    -    -    - 
At 31 December 2024 845    14,055    4,863    41,822    -    61,585 
Net book values
Closing balance as at 31 December 2024 1,372    -    8,645    3,354    636,777    650,148 
Opening balance as at 01 January 2024 1,715    -    10,806    4,192    636,777    653,490 

The net book value of Land and Buildings includes £ 636,777 (2023 £636,777) in respect of assets leased under finance leases or hire purchase contracts.

2