Be Future Ready Today Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11789763

Be Future Ready Today Limited

Unaudited Financial Statements

31 January 2025

Be Future Ready Today Limited

Director's Report

Year ended 31 January 2025

The director presents her report and the unaudited financial statements of the company for the year ended 31 January 2025 .

Director

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

Mrs S De Fazio

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 30 October 2025 and signed on behalf of the board by:

Mrs S De Fazio
Director	Company Secretary

Registered office:

6 Stonehaven

37 Wickham Road

Beckenham

Kent

UK

BR3 6LZ

Be Future Ready Today Limited

Statement of Income and Retained Earnings

Year ended 31 January 2025

		2025	2024
Note		£	£
Turnover	4	107,470	74,639

Cost of sales	2,435	7,578
	---------	--------
Gross profit	105,035	67,061

Distribution costs		476	–
Administrative expenses		27,728	27,046
		---------	--------
Operating profit	5	76,831	40,015

Interest payable and similar expenses	6	144	194
		---------	--------
Profit before taxation		76,687	39,821

Tax on profit	7	19,238	7,635
		--------	--------
Profit for the financial year and total comprehensive income		57,449	32,186
		--------	--------

All the activities of the company are from continuing operations.

Be Future Ready Today Limited

Statement of Financial Position

31 January 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	9	394	549

Current assets

Debtors	10	31,705	16,235
Cash at bank and in hand		67,008	22,237
		--------	--------
		98,713	38,472

Creditors: amounts falling due within one year	11	29,423	14,767
		--------	--------
Net current assets		69,290	23,705
		--------	--------
Total assets less current liabilities		69,684	24,254

Creditors: amounts falling due after more than one year	12	2,528	5,047
		--------	--------
Net assets		67,156	19,207
		--------	--------

Capital and reserves

Called up share capital	13	100	100
Profit and loss account		67,056	19,107
		--------	--------
Shareholders funds		67,156	19,207
		--------	--------

For the year ending 31 January 2025 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

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

These financial statements were approved by the board of directors and authorised for issue on 30 October 2025 , and are signed on behalf of the board by:

Mrs S De Fazio
Director

Company registration number: 11789763

Be Future Ready Today Limited

Statement of Cash Flows

Year ended 31 January 2025

	2025	2024
	£	£

Cash flows from operating activities

Profit for the financial year	57,449	32,186

Adjustments for:
Depreciation of tangible assets	155	235
Interest payable and similar expenses	144	194
Tax on profit	19,238	7,635
Accrued (income)/expenses	( 3,360)	900

Changes in:
Trade and other debtors	( 15,470)	( 14,777)
Trade and other creditors	6,222	( 3,254)
	--------	--------
Cash generated from operations	64,378	23,119

Interest paid	( 144)	( 194)
Tax paid	( 7,499)	( 164)
	--------	--------
Net cash from operating activities	56,735	22,761
	--------	--------

Cash flows from financing activities

Proceeds from borrowings	( 2,464)	( 1,935)
Dividends paid	( 9,500)	( 13,327)
	--------	--------
Net cash used in financing activities	( 11,964)	( 15,262)
	--------	--------

Net increase in cash and cash equivalents	44,771	7,499
Cash and cash equivalents at beginning of year	22,237	14,738
	--------	--------
Cash and cash equivalents at end of year	67,008	22,237
	--------	--------

Be Future Ready Today Limited

Notes to the Financial Statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Stonehaven, 37 Wickham Road, Beckenham, Kent, BR3 6LZ, UK.

2. Statement of compliance

These financial statements have been prepared in compliance with 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.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 February 2023. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 15.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

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:

	Equipment	-	30% reducing balance

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

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Turnover

Turnover arises from:

	2025	2024
	£	£
Rendering of services	100,286	74,639
	---------	--------

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

5. Operating profit

Operating profit or loss is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	155	235
Foreign exchange differences	757	22
	----	----

6. Interest payable and similar expenses

	2025	2024
	£	£
Interest on banks loans and overdrafts	144	194
	----	----

7. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	19,238	7,635
	--------	-------
Tax on profit	19,238	7,635
	--------	-------

8. Dividends

At the year end a dividend of £9,500 (2024: £13,327) was paid to the shareholder Susan De Fazio.

9. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 February 2024 and 31 January 2025	1,767	1,767
	-------	-------
Depreciation
At 1 February 2024	1,218	1,218
Charge for the year	155	155
	-------	-------
At 31 January 2025	1,373	1,373
	-------	-------
Carrying amount
At 31 January 2025	394	394
	-------	-------
At 31 January 2024	549	549
	-------	-------

10. Debtors

	2025	2024
	£	£
Trade debtors	136	395
Other debtors	31,569	15,840
	--------	--------
	31,705	16,235
	--------	--------

11. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	2,130	2,130
Trade creditors	–	666
Accruals and deferred income	1,140	4,500
Corporation tax	19,210	7,471
Social security and other taxes	6,888	–
Director loan accounts	55	–
	--------	--------
	29,423	14,767
	--------	--------

The bank loan liability of £2,130 relates to the monthly repayments for the BBL loan.

12. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,528	5,047
	-------	-------

This relates to a business loan taken out under the BBL Scheme and is repayable by monthly instalments up to December 2026.

13. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

14. Analysis of changes in net debt

	At 1 Feb 2024	Cash flows	At 31 Jan 2025
	£	£	£
Cash at bank and in hand	22,237	44,771	67,008
Debt due within one year	(2,130)	(55)	(2,185)
Debt due after one year	(5,047)	2,519	(2,528)
	--------	--------	--------
	15,060	47,235	62,295
	--------	--------	--------

15. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 February 2023.

No transitional adjustments were required in equity or profit or loss for the year.