ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 31 January 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company registration number: 08333403

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 JANUARY 2025

	FUTURE MATERIALS GROUP LIMITED


FUTURE MATERIALS GROUP LIMITED

COMPANY INFORMATION

Directors	D C Schofield
	A G Williams


Company secretary	E H Stokes


Registered number	08333403


Registered office	Suite 12, The Mansion
	Chesterford Research Park
	Little Chesterford
	Cambridgeshire
	CB10 1XL


Accountants	Menzies LLP
	Chartered Accountants
	Richmond House
	Walkern Road
	Stevenage
	SG1 3QP


FUTURE MATERIALS GROUP LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 5


FUTURE MATERIALS GROUP LIMITED REGISTERED NUMBER:08333403

STATEMENT OF FINANCIAL POSITION

AS AT 31 JANUARY 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		517,121		517,121
			517,121		517,121
Current assets
Debtors: amounts falling due within one year	5	210,132		170,132
Cash at bank and in hand	6	242,727		11,378
		452,859		181,510
Creditors: amounts falling due within one year	7	(739,961)		(478,489)
Net current liabilities			(287,102)		(296,979)
Total assets less current liabilities			230,019		220,142

Net assets			230,019		220,142

Capital and reserves
Called up share capital	900	900
Profit and loss account	229,119	219,242
	230,019	220,142

Page 1


FUTURE MATERIALS GROUP LIMITED REGISTERED NUMBER:08333403

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JANUARY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

___________________________

A G Williams

Director

Date: 27 October 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2


FUTURE MATERIALS GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1.	General information

Future Materials Group Limited 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 (£).

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Preparation of consolidated financial statements

The financial statements contain information about Future Materials Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

2.3

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.6

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

2.7

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

Page 3


FUTURE MATERIALS GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

3.	Employees
		2025	2024
		£	£

	Admin - staff costs	466	436

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 February 2024	517,121
	At 31 January 2025	517,121

Page 4


FUTURE MATERIALS GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	393	393
Other debtors	160,984	120,984
Tax recoverable	48,755	48,755
	210,132	170,132

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	242,727	11,378
	242,727	11,378

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	20	20
Amounts owed to group undertakings	739,941	478,469
	739,961	478,489

Not later than 1 year	38,596	42,105
Later than 1 year and not later than 5 years	-	38,596
	38,596	80,701

Page 5