Acorah Software Products - Accounts Production 16.6.950 false true true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 11751567 Mr Ashish Devi-King Mr Asker Fawmy Ms Alexandra Faith Smith Mr Jasper Dominic Christian Smith Mrs Polly Milne iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11751567 2024-03-31 11751567 2025-03-31 11751567 2024-04-01 2025-03-31 11751567 frs-core:CurrentFinancialInstruments 2025-03-31 11751567 frs-core:Non-currentFinancialInstruments 2025-03-31 11751567 frs-core:ComputerEquipment 2025-03-31 11751567 frs-core:ComputerEquipment 2024-04-01 2025-03-31 11751567 frs-core:ComputerEquipment 2024-03-31 11751567 frs-core:FurnitureFittings 2025-03-31 11751567 frs-core:FurnitureFittings 2024-04-01 2025-03-31 11751567 frs-core:FurnitureFittings 2024-03-31 11751567 frs-core:PlantMachinery 2025-03-31 11751567 frs-core:PlantMachinery 2024-04-01 2025-03-31 11751567 frs-core:PlantMachinery 2024-03-31 11751567 frs-core:OtherReservesSubtotal 2025-03-31 11751567 frs-core:SharePremium 2025-03-31 11751567 frs-core:ShareCapital 2025-03-31 11751567 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 11751567 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11751567 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 11751567 frs-bus:SmallEntities 2024-04-01 2025-03-31 11751567 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 11751567 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 11751567 frs-bus:Director1 2024-04-01 2025-03-31 11751567 frs-bus:Director2 2024-04-01 2025-03-31 11751567 frs-bus:Director3 2024-04-01 2025-03-31 11751567 frs-bus:Director4 2024-04-01 2025-03-31 11751567 frs-bus:Director5 2024-04-01 2025-03-31 11751567 frs-countries:EnglandWales 2024-04-01 2025-03-31 11751567 2023-03-31 11751567 2024-03-31 11751567 2023-04-01 2024-03-31 11751567 frs-core:CurrentFinancialInstruments 2024-03-31 11751567 frs-core:Non-currentFinancialInstruments 2024-03-31 11751567 frs-core:OtherReservesSubtotal 2024-03-31 11751567 frs-core:SharePremium 2024-03-31 11751567 frs-core:ShareCapital 2024-03-31 11751567 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 11751567
FuturePlus Technologies Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
OnTheGo Accountants
330 Holborn Gate
High Holborn
London
WC1V 7QH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11751567
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,796 4,788
8,796 4,788
CURRENT ASSETS
Debtors 5 184,075 118,619
Cash at bank and in hand 362,812 719,011
546,887 837,630
Creditors: Amounts Falling Due Within One Year 6 (192,021 ) (80,539 )
NET CURRENT ASSETS (LIABILITIES) 354,866 757,091
TOTAL ASSETS LESS CURRENT LIABILITIES 363,662 761,879
Creditors: Amounts Falling Due After More Than One Year 7 (20,191 ) (25,707 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,199 ) (1,197 )
NET ASSETS 341,272 734,975
CAPITAL AND RESERVES
Called up share capital 8 278 266
Share premium account 3,845,300 3,254,427
Other reserves 100,213 100,213
Profit and Loss Account (3,604,519 ) (2,619,931 )
SHAREHOLDERS' FUNDS 341,272 734,975
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Alexandra Faith Smith
Director
01/12/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
FuturePlus Technologies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11751567 . The registered office is Unit G002 The Metal Box Factory, 30 Great Guildford Street, London, SE1 0HS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 3 Years Straight Line
Fixtures & Fittings 3 Years Straight Line
Computer Equipment 3 Years Straight Line
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2024: 9)
14 9
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 2,699 3,291 5,049 11,039
Additions - 1,688 6,434 8,122
As at 31 March 2025 2,699 4,979 11,483 19,161
Depreciation
As at 1 April 2024 2,168 2,560 1,523 6,251
Provided during the period 531 968 2,615 4,114
As at 31 March 2025 2,699 3,528 4,138 10,365
Net Book Value
As at 31 March 2025 - 1,451 7,345 8,796
As at 1 April 2024 531 731 3,526 4,788
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 164,469 104,614
Other debtors 19,606 14,005
184,075 118,619
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 70,920 45,771
Bank loans and overdrafts - 13,525
Other creditors 63,971 9,185
Taxation and social security 57,130 12,058
192,021 80,539
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 20,191 12,664
Other creditors - 13,043
20,191 25,707
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8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 278 266
9. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 paragraph 33.1A, not
to disclose related party transactions with wholly owned subsidiaries within the group.
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