David Futcher Limited - Filleted accounts

Registered number

05440331

David Futcher Limited

Filleted Accounts

30 April 2025

David Futcher Limited
Registered number:		05440331
Balance Sheet
as at 30 April 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		37,548			42,657

Current assets
Stocks and work in progress		-			474,802
Debtors	4	143,091			20,754
Cash at bank and in hand		515,353			106,117
		658,444			601,673

Creditors: amounts falling due within one year	5	(42,938)			(22,015)

Net current assets			615,506			579,658

Total assets less current liabilities			653,054			622,315


Provisions for liabilities			(8,048)			(9,028)


Net assets			645,006			613,287

Capital and reserves
Called up share capital			100			100
Profit and loss account			644,906			613,187

Shareholder's funds			645,006			613,287

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




Mr David Futcher
Director
Approved by the board on 9 January 2026

David Futcher Limited
Notes to the Accounts
for the year ended 30 April 2025


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 (as applied to small entities by section 1A of the standard).

	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:

	Leasehold building improvements			over 10 years
	Plant and machinery			20% reducing balance
	Office equipment			33% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 May 2024	11,919		53,254		40,789		105,962
	Additions	-		405		26,700		27,105
	Disposals	-		-		(28,000)		(28,000)
	At 30 April 2025	11,919		53,659		39,489		105,067

	Depreciation
	At 1 May 2024	5,374		38,141		19,790		63,305
	Charge for the year	1,192		3,347		6,675		11,214
	On disposals	-		-		(7,000)		(7,000)
	At 30 April 2025	6,566		41,488		19,465		67,519

	Net book value
	At 30 April 2025	5,353		12,171		20,024		37,548
	At 30 April 2024	6,545		15,113		20,999		42,657


4	Debtors					2025		2024
£							£

	Trade debtors					20,878		4,800
	Prepayments and accrued income					6,587		6,761
	Other debtors					115,626		9,193
						143,091		20,754


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

	Trade creditors					2,548		2,138
	Taxes and social security costs					35,440		15,127
	Accruals and deferred income					4,950		4,750
						42,938		22,015


6	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr D Futcher
	Interest bearing loan	1,789		56,505		(1,789)		56,505

		1,789		56,505		(1,789)		56,505


7	Related party transactions

	Mr Futcher, a company director and his wife maintain an interest bearing loan account with the company. The amount due to the company by the director and his wife as at 30 April 2025 was, in total, £113,011 (2024 : £3,578).


8	Other information

	David Futcher Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Old Bull Pens
	Sezincote
	Moreton-in-Marsh
	Gloucestershire
	GL56 9AW