REGISTERED NUMBER: 10555335 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

FutureNow Solutions Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

E Gursoy

J C Sadler

REGISTERED OFFICE:

Unit 1

Shrine Barn

Sandling Road

Hythe

Kent

CT21 4HE

REGISTERED NUMBER:

10555335 (England and Wales)

ACCOUNTANTS:

Ardor Business Solutions Limited

Chartered Certified Accountants

Unit 1

Shrine Barn

Sandling Road

Hythe

Kent

CT21 4HE

FIXED ASSETS

Tangible assets

5

4,606

6,867

Investments

6

49,367

49,367

53,973

56,234

CURRENT ASSETS

Debtors

7

69,735

170,327

Cash at bank

662,078

555,633

731,813

725,960

CREDITORS

Amounts falling due within one year

8

291,883

326,883

NET CURRENT ASSETS

439,930

399,077

TOTAL ASSETS LESS CURRENT LIABILITIES

493,903

455,311

CREDITORS

Amounts falling due after more than one year

9

(3,399

)

(14,030

)

PROVISIONS FOR LIABILITIES

(1,152

)

(1,305

)

NET ASSETS

489,352

439,976

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

489,252

439,876

SHAREHOLDERS' FUNDS

489,352

439,976

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 1 April 2025 and were signed on its behalf by:

J C Sadler - Director

E Gursoy - Director

1.	STATUTORY INFORMATION

FutureNow Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

Amounts are rounded to the nearest Pound Sterling.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

straight line over 3 years

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2024

2,534

33,908

36,442

Additions

1,197

277

1,474

At 31 January 2025

3,731

34,185

37,916

DEPRECIATION

At 1 February 2024

2,534

27,041

29,575

Charge for year

299

3,436

3,735

At 31 January 2025

2,833

30,477

33,310

NET BOOK VALUE

At 31 January 2025

898

3,708

4,606

At 31 January 2024

-

6,867

6,867

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2024

and 31 January 2025

49,367

NET BOOK VALUE

At 31 January 2025

49,367

At 31 January 2024

49,367

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Trade debtors

69,735

168,111

Other debtors

-

2,216

69,735

170,327

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Bank loans and overdrafts

10,493

10,314

Trade creditors

(1

)

-

Taxation

13,461

37,281

Social security and other taxes

69,024

54,104

VAT

91,651

112,544

Other creditors

72,125

78,877

Directors' current accounts

28,857

27,490

Accrued expenses

6,273

6,273

291,883

326,883

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/25

31/1/24

£

£

Bank loans - 1-2 years

3,399

10,493

Bank loans - 2-5 years

-

3,537

3,399

14,030