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Registration number: 05601197

Future Imaging Design Ltd
Unaudited Filleted Abridged Financial Statements
for the Year Ended 30 June 2025

Future Imaging Design Ltd

Contents

Abridged Statement of Financial Position | 1 to 2
Notes to the Unaudited Abridged Financial Statements | 3 to 8

Future Imaging Design Ltd

(Registration number: 05601197)
Abridged Statement of Financial Position as at 30 June 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 1,563 |  | 1,820
Current assets |  |  |  |  |
Debtors |  | 3,633 |  | 8,500 |
Cash at bank and in hand |  | 531 |  | 734 |
|  | 4,164 |  | 9,234 |
Prepayments and accrued income |  | 265 |  | - |
Creditors: Amounts falling due within one year |  | (1,445) |  | (2,935) |
Net current assets |  |  | 2,984 |  | 6,299
Total assets less current liabilities |  |  | 4,547 |  | 8,119
Creditors: Amounts falling due after more than one year |  |  | (7,253) |  | (8,198)
Provisions for liabilities |  |  | (297) |  | (346)
Accruals and deferred income |  |  | (1,182) |  | (1,106)
Net liabilities |  |  | (4,185) |  | (1,531)
Capital and reserves |  |  |  |  |
Called up share capital | 6 | 4 |  | 4 |
Retained earnings |  | (4,189) |  | (1,535) |
Shareholders' deficit |  |  | (4,185) |  | (1,531)

Future Imaging Design Ltd

(Registration number: 05601197)
Abridged Statement of Financial Position as at 30 June 2025

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Statement of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 5 March 2026

......................................... Mr A J Furness Director

Future Imaging Design Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
12 St. Leonards Avenue
Exeter
Devon
EX2 4DL

These financial statements were authorised for issue by the director on 5 March 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
The presentation currency is (£) sterling.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.
The company has net liabilities of £4,185 (2024: £1,531) at the year end. The director believes there is no reason that the company will have to cease to trade as a result of inadequate financial resources, or any foreseeable event, within a period of at least 12 months.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Future Imaging Design Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
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.

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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Office equipment | 25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.
Research and development expenditure incurred on an individual project is carried forward when its future recoverability can reasonably be regarded as assured. Any expenditure carried forward is amortised in line with the expected future sales from the related project.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Future Imaging Design Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

Asset class | Amortisation method and rate
Goodwill | Straight line over 5 years
Research and development | Straight line over 5 years starting the accounting period when income streams from each project commence.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Future Imaging Design Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Future Imaging Design Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

4 | Intangible assets

| Total £
Cost or valuation
At 1 July 2024 | 74,114
At 30 June 2025 | 74,114
Amortisation
At 1 July 2024 | 74,114
At 30 June 2025 | 74,114
Carrying amount
At 30 June 2025 | -

5 | Tangible assets

| Office equipment £ | Total £
Cost or valuation
At 1 July 2024 | 10,670 | 10,670
Additions | 264 | 264
At 30 June 2025 | 10,934 | 10,934
Depreciation
At 1 July 2024 | 8,850 | 8,850
Charge for the year | 521 | 521
At 30 June 2025 | 9,371 | 9,371
Carrying amount
At 30 June 2025 | 1,563 | 1,563
At 30 June 2024 | 1,820 | 1,820

Future Imaging Design Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 June 2025

6 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 4 | 4 | 4 | 4

7 | Related party transactions

Transactions with the director

2025 | At 1 July 2024 £ | Advances to director £ | Repayments by director £ | Other payments made to company by director £ | At 30 June 2025 £
Mr A J Furness
Directors loan account | 8,324 | 4,350 | (9,344) | 127 | 3,457

During the year Mr A Furness maintained a loan account with the company. The balance owed 'to' the company as at 30 June 2025 was £3,457 (2024: £8,324 owed 'to' the company) and is included within debtors due within one year. The maximum amount outstanding during the year was £8,324. Beneficial loan interest has been charged at HMRC's office rate for periods when the account has been overdrawn.
There is a rental agreement in place between the company and Mr A Furness for office use of home. During the year the company paid the director £6,648 (2024: £6,223) for use of such services.