Acorah Software Products - Accounts Production 19.1.200 false true 30 April 2024 1 May 2023 false 1 May 2024 30 April 2025 30 April 2025 09566724 Calum Heyes iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09566724 2024-04-30 09566724 2025-04-30 09566724 2024-05-01 2025-04-30 09566724 frs-core:Non-currentFinancialInstruments 2025-04-30 09566724 frs-core:ComputerEquipment 2024-05-01 2025-04-30 09566724 frs-core:FurnitureFittings 2024-05-01 2025-04-30 09566724 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-05-01 2025-04-30 09566724 frs-core:PlantMachinery 2024-05-01 2025-04-30 09566724 frs-core:ShareCapital 2025-04-30 09566724 frs-core:RetainedEarningsAccumulatedLosses 2025-04-30 09566724 frs-bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 09566724 frs-bus:AbridgedAccounts 2024-05-01 2025-04-30 09566724 frs-bus:SmallEntities 2024-05-01 2025-04-30 09566724 frs-bus:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 09566724 frs-bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 09566724 frs-bus:Director1 2024-05-01 2025-04-30 09566724 frs-countries:EnglandWales 2024-05-01 2025-04-30 09566724 2023-04-30 09566724 2024-04-30 09566724 2023-05-01 2024-04-30 09566724 frs-core:Non-currentFinancialInstruments 2024-04-30 09566724 frs-core:ShareCapital 2024-04-30 09566724 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30
Registered number: 09566724
FUTURES LEISURE (PRESTON) LIMITED
ABRIDGED Financial Statements
For The Year Ended 30 April 2025
Alchemy Accountancy Limited
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 09566724
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 194 291
Tangible Assets 5 197,467 238,377
197,661 238,668
CURRENT ASSETS
Stocks 2,816 2,816
Debtors 43,822 47,941
Cash at bank and in hand 13,146 44,503
59,784 95,260
Creditors: Amounts Falling Due Within One Year (96,578 ) (136,367 )
NET CURRENT ASSETS (LIABILITIES) (36,794 ) (41,107 )
TOTAL ASSETS LESS CURRENT LIABILITIES 160,867 197,561
Creditors: Amounts Falling Due After More Than One Year (32,000 ) (27,000 )
NET ASSETS 128,867 170,561
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 128,767 170,461
SHAREHOLDERS' FUNDS 128,867 170,561
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For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 April 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Calum Heyes
Director
24th February 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
FUTURES LEISURE (PRESTON) LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 09566724 . The registered office is 24 Silverstone Street, Buckshaw Village, Chorley, PR7 7EB.
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. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
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:
Leasehold 10%
Plant & Machinery 10%
Fixtures & Fittings 10%
Computer Equipment 25%
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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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 year 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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2024: 27)
26 27
4. Intangible Assets
Total
£
Cost
As at 1 May 2024 969
As at 30 April 2025 969
Amortisation
As at 1 May 2024 678
Provided during the period 97
As at 30 April 2025 775
Net Book Value
As at 30 April 2025 194
As at 1 May 2024 291
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5. Tangible Assets
Total
£
Cost
As at 1 May 2024 577,476
Additions 1,539
As at 30 April 2025 579,015
Depreciation
As at 1 May 2024 339,099
Provided during the period 42,449
As at 30 April 2025 381,548
Net Book Value
As at 30 April 2025 197,467
As at 1 May 2024 238,377
6. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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