Back to the Futures Trading Ltd Company accounts

COMPANY REGISTRATION NUMBER: 06897156

Back to the Futures Trading Ltd

Unaudited Financial Statements

31 December 2024

Back to the Futures Trading Ltd

Financial Statements

Year ended 31 December 2024

Contents	Page

Director's report	1

Statement of income and retained earnings	2

Statement of financial position	3

Notes to the financial statements	4

Back to the Futures Trading Ltd

Director's Report

Year ended 31 December 2024

The director presents his report and the unaudited financial statements of the company for the year ended 31 December 2024 .

Director

The director who served the company during the year was as follows:

Mr H Parmar

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 27 June 2025 and signed on behalf of the board by:

Mr H Parmar
Director

Registered office:

3 Stradbroke Drive

Chigwell

Essex

IG7 5QU

Back to the Futures Trading Ltd

Statement of Income and Retained Earnings

Year ended 31 December 2024

	2024	2023
Note	£	£
Turnover	23,105	11,426

Cost of sales	203	–
	--------	--------
Gross profit	22,902	11,426

Administrative expenses	15,533	15,888
	--------	--------
Operating profit/(loss)	7,369	( 4,462)

Other interest receivable and similar income		4,435	3,783
		--------	--------
Profit/(loss) before taxation	5	11,804	( 679)

Tax on profit/(loss)	3,503	1,529
	--------	-------
Profit/(loss) for the financial year and total comprehensive income	8,301	( 2,208)
	--------	-------

Dividends paid and payable	( 500)	( 27,000)

Retained earnings at the start of the year	284,666	313,874
	---------	---------
Retained earnings at the end of the year	292,467	284,666
	---------	---------

All the activities of the company are from continuing operations.

Back to the Futures Trading Ltd

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	6		–	622

Current assets

Debtors	7	282,425	169,326
Cash at bank and in hand		27,391	128,538
		---------	---------
		309,816	297,864

Creditors: amounts falling due within one year	8	17,339		13,810
		---------		---------
Net current assets			292,477	284,054
			---------	---------
Total assets less current liabilities			292,477	284,676
			---------	---------
Net assets			292,477	284,676
			---------	---------

Capital and reserves

Called up share capital	10	10
Profit and loss account	292,467	284,666
	---------	---------
Shareholders funds	292,477	284,676
	---------	---------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 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:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 27 June 2025 , and are signed on behalf of the board by:

Mr H Parmar
Director

Company registration number: 06897156

Back to the Futures Trading Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Stradbroke Drive, Chigwell, Essex, IG7 5QU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

The turnover represents trading income earned during the year.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Computer Equipment	-	50% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2024	2023
	£	£
Depreciation of tangible assets	623	622
	----	----

6. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	5,333	5,333
	-------	-------
Depreciation
At 1 January 2024	4,710	4,710
Charge for the year	623	623
	-------	-------
At 31 December 2024	5,333	5,333
	-------	-------
Carrying amount
At 31 December 2024	–	–
	-------	-------
At 31 December 2023	623	623
	-------	-------

7. Debtors

	2024	2023
	£	£
Other debtors	282,425	169,326
	---------	---------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Corporation tax	3,515	1,541
Loans	9,999	9,999
Other creditors	3,825	2,270
	--------	--------
	17,339	13,810
	--------	--------

9. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr H Parmar	( 441)	591	( 2,625)	( 2,475)
	----	----	-------	-------

	2023
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr H Parmar	( 1,285)	40,097	( 39,253)	( 441)
	-------	--------	--------	----

The above loan to the company is interest free and repayable on demand.

10. Related party transactions

The company was under the control of Mr H Parmar throughout the current and previous year. Mr H Parmar is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.