| Future High Street Living (PBSA) Ltd |
| Registered number: 11032952 |
| Balance Sheet |
| as at 26 September 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Current assets |
| Stocks |
|
|
3,922,298 |
|
|
3,897,198 |
| Debtors |
3 |
|
6,577 |
|
|
62,763 |
|
|
|
3,928,875 |
|
|
3,959,961 |
|
| Creditors: amounts falling due within one year |
4 |
|
(3,992,133) |
|
|
(3,960,514) |
|
| Net current liabilities |
|
|
|
(63,258) |
|
|
(553) |
|
| Total assets less current liabilities |
|
|
|
(63,258) |
|
|
(553) |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(13,107) |
|
|
(11,811) |
|
|
|
| Net liabilities |
|
|
|
(76,365) |
|
|
(12,364) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(76,465) |
|
|
(12,464) |
|
| Shareholders' funds |
|
|
|
(76,365) |
|
|
(12,364) |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| S Ginda |
| Director |
| Approved by the board on 6 January 2026 |
|
| Future High Street Living (PBSA) Ltd |
| Notes to the Accounts |
| for the period from 28 September 2023 to 26 September 2024 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Stocks |
|
Stock and work in progress is measured at the lower of cost and net realisable value, including an appropriate share of overheads.
In the case of long term work in progress the company takes no profits until the final outcome of the project is known with reasonable certainty, however the company makes full provisions for possible losses as soon as the company is aware of these. |
|
|
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. |
|
|
|
Leasing and hire purchase commitments |
|
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Amounts owed by connected companies |
|
- |
|
61,206 |
|
Other debtors |
6,577 |
|
1,557 |
|
|
|
|
|
|
6,577 |
|
62,763 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans and overdrafts |
760,000 |
|
760,000 |
|
Trade creditors |
183,587 |
|
153,467 |
|
Amounts owed to connected companies |
|
1,993,828 |
|
1,993,828 |
|
|
Other creditors |
1,054,718 |
|
1,053,219 |
|
|
|
|
|
|
3,992,133 |
|
3,960,514 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
13,107 |
|
11,811 |
|
|
|
|
|
|
|
|
|