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# FUTURE BOUND IT LTD

## Company Registration Number:
11240184 (England and Wales)

## Unaudited statutory accounts for the year ended 31 March 2025

## Period of accounts

## Start date: 01 April 2024

## End date: 31 March 2025

# FUTURE BOUND IT LTD

## Contents of the Financial Statements

for the Period Ended 31 March 2025

Company Information - 3 |
Report of the Directors - 4 |
Profit and Loss Account - 5 |
Balance sheet - 6 |
Additional notes - 8 |
Balance sheet notes - 11 |

# FUTURE BOUND IT LTD

## Company Information

for the Period Ended 31 March 2025

Director: |  | John Pegram
Registered office: |  | 86-90 Paul Street London GBR EC2A 4NE
Company Registration Number: |  | 11240184 (England and Wales)

# FUTURE BOUND IT LTD

## Directors' Report Period Ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Principal Activities

The company during this period was working on redeveloping its brand due to a quiet period of trading following personal circumstances that impacted the director's professional life.

Political and charitable donations

The company made no political or charitable donations during this period but is committed to supporting progressive social causes such as refugee rights and racial justice, and has developed relationships with community partners such as the national charity StopWatch.

Additional information

The company is due to release its own AI product in 2026 as an IBM build partner. The company now owns its own virtual data centre powered by its cloud partner Node4. It's focus is advanced IT services and support in the legal, finance and public sector from time to time including charities and social enterprise.

Directors

The directors shown below have held office during the whole of the period from 01 April 2024 to 31 March 2025
John Pegram

This report was approved by the board of directors on 12 January 2026
And Signed On Behalf Of The Board By:

Name: John Pegram
Status: Director

# FUTURE BOUND IT LTD

## Profit and Loss Account

for the Period Ended 31 March 2025

| Notes | 2025 £ | 2024 £
--- | --- | --- | ---
Turnover |  | 3,069 | 3,078
Cost of sales |  | ( 171 ) | ( 0 )
Gross Profit or (Loss) |  | 2,898 | 3,078
Income from coronavirus (COVID-19) business support grants |  | 0 | 0
Distribution Costs |  | ( 0 ) | ( 0 )
Administrative Expenses |  | ( 2,496 ) | ( 1,069 )
Other operating income |  | 0 | 1,257
Operating Profit or (Loss) |  | 402 | 3,266
Interest Receivable and Similar Income |  | 0 | -
Interest Payable and Similar Charges |  | ( 0 ) | -
Profit or (Loss) Before Tax |  | 402 | 3,266
Tax on Profit |  | ( 76 ) | ( 620 )
Profit or (Loss) for Period |  | 326 | 2,646

The notes form part of these financial statements

# FUTURE BOUND IT LTD

## Balance sheet

As at 31 March 2025

| Notes | 2025 £ | 2024 £
--- | --- | --- | ---
Fixed assets
Intangible assets: | 4 | 0 | 0
Tangible assets: | 5 | 0 | 0
Total fixed assets: |  | 0 | 0
Current assets
Stocks: |  | 0 | 0
Debtors: | 6 | 7,500 | 888
Cash at bank and in hand: |  | 0 | 0
Total current assets: |  | 7,500 | 888
Prepayments and accrued income: |  | 0 | 0
Creditors: amounts falling due within one year: | 7 | ( 1,694 ) | ( 500 )
Net current assets (liabilities): |  | 5,806 | 388
Total assets less current liabilities: |  | 5,806 | 388
Creditors: amounts falling due after more than one year: | 8 | ( 0 ) | ( 0 )
Provision for liabilities: |  | ( 0 ) | ( 0 )
Accruals and deferred income: |  | ( 0 ) | ( 0 )
Total net assets (liabilities): |  | 5,806 | 388

The notes form part of these financial statements

# FUTURE BOUND IT LTD

## Balance sheet continued

As at 31 March 2025

| Notes | 2025 £ | 2024 £
--- | --- | --- | ---
Capital and reserves
Called up share capital: |  | 5,806 | 388
Revaluation reserve: | 9 | 0 | 0
Profit and loss account: |  | 0 | 0
Shareholders funds: |  | 5,806 | 388

For the year ending 31 March 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 12 January 2026
And Signed On Behalf Of The Board By:

Name: John Pegram
Status: Director

The notes form part of these financial statements

# FUTURE BOUND IT LTD

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

# FUTURE BOUND IT LTD

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 1 | 1

# FUTURE BOUND IT LTD

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 3. Off balance sheet disclosure

  No

# FUTURE BOUND IT LTD

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 4. Intangible assets

| Other | Total
--- | --- | ---
Cost | £ | £
At 01 April 2024 | - | -
Additions | - | -
Disposals | - | -
Revaluations | - | -
Transfers | - | -
At 31 March 2025 | - | -
Amortisation |  |
Amortisation at 01 April 2024 | - | -
Charge for year | - | -
On disposals | - | -
Other adjustments | - | -
Amortisation at 31 March 2025 | - | -
Net book value |  |
Net book value at 31 March 2025 | - | -
Net book value at 31 March 2024 | - | -

No additional information

# FUTURE BOUND IT LTD

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 5. Tangible assets

| Office equipment | Total
--- | --- | ---
Cost | £ | £
At 01 April 2024 | 0 | 0
Additions | 0 | 0
Disposals | ( 0 ) | ( 0 )
Revaluations | 0 | 0
Transfers | 0 | 0
At 31 March 2025 | 0 | 0
Depreciation |  |
At 01 April 2024 | 0 | 0
Charge for year | 0 | 0
On disposals | ( 0 ) | ( 0 )
Other adjustments | 0 | 0
At 31 March 2025 | 0 | 0
Net book value |  |
At 31 March 2025 | 0 | 0
At 31 March 2024 | 0 | 0

# FUTURE BOUND IT LTD

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 6. Debtors

| 2025 £ | 2024 £
--- | --- | ---
Trade debtors | 7,500 | 888
Prepayments and accrued income | 0 | 0
Other debtors | 0 | 0
Total | 7,500 | 888
Debtors due after more than one year: | 0 | 0

# FUTURE BOUND IT LTD

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 7.Creditors: amounts falling due within one year note

| 2025 £ | 2024 £
--- | --- | ---
Bank loans and overdrafts | 0 | 0
Amounts due under finance leases and hire purchase contracts | 0 | 0
Trade creditors | 1,694 | 500
Taxation and social security | 0 | 0
Accruals and deferred income | 0 | 0
Other creditors | 0 | 0
Total | 1,694 | 500

# FUTURE BOUND IT LTD

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 8.Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
--- | --- | ---
Bank loans and overdrafts | 0 | 0
Amounts due under finance leases and hire purchase contracts | 0 | 0
Other creditors | 0 | 0
Total | 0 | 0

# FUTURE BOUND IT LTD

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 9. Revaluation reserve

| 2025 £
--- | ---
Balance at 01 April 2024 | 0
Surplus or deficit after revaluation | 0
Balance at 31 March 2025 | 0