Future Gateways Limited - Filleted accounts

Future Gateways Limited
Registered number:		09657225
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		29,357			35,860

Current assets
Debtors	4	96,540			76,235
Cash at bank and in hand		8,587			30,870
		105,127			107,105

Creditors: amounts falling due within one year	5	(51,365)			(25,946)

Net current assets			53,762			81,159

Total assets less current liabilities			83,119			117,019

Creditors: amounts falling due after more than one year	6		(10,992)			(37,000)



Net assets			72,127			80,019

Capital and reserves
Called up share capital			1			1
Profit and loss account			72,126			80,018

Shareholders' funds			72,127			80,019

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




J Welham
Director
Approved by the board on 7 November 2025

Future Gateways Limited
Notes to the Accounts
for the year ended 30 June 2025


1	Accounting policies

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			12		12


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 July 2024	13,534		57,000		70,534
	Additions	2,625		-		2,625
	At 30 June 2025	16,159		57,000		73,159

	Depreciation
	At 1 July 2024	9,736		24,938		34,674
	Charge for the year	1,112		8,016		9,128
	At 30 June 2025	10,848		32,954		43,802

	Net book value
	At 30 June 2025	5,311		24,046		29,357
	At 30 June 2024	3,798		32,062		35,860


	[For revalued assets, state the years in which the assets were valued and their values. For assets revalued during the reporting period, state the names of the persons who revalued them or particulars of their qualifications for doing so and the bases of valuation used by them.]


4	Debtors			2025		2024
£					£

	Trade debtors			96,540		76,235


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			4,248		4,248
	Obligations under finance lease and hire purchase contracts			11,308		158
	Trade creditors			-		(45)
	Corporation tax			13,542		4,785
	Other taxes and social security costs			19,775		14,468
	Other creditors			2,492		2,332
				51,365		25,946


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			10,992		37,000


7	Other information

	Future Gateways Limited is a private company limited by shares and incorporated in England. Its registered office is: Unit 3-5, Alton Business Centre, Valley Lane, Ipswich, IP9 2AX