Registration number: 16189008

Future Collections Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Future Collections Limited

Company Information

Director

Mr A Remer

Registered office

82a James Carter Road MILDENHALL Suffolk England IP28 7DE

Accountants

Libra Business Essentials Ltd 52a St John Street ASHBOURNE Derbyshire DE6 1GH

Future Collections Limited

(Registration number: 16189008)
Balance Sheet as at 31 January 2026

	Note	2026 £
Fixed assets
Tangible assets	4	974
Current assets
Debtors	5	1,339
Cash at bank and in hand		9,929
		11,268
Creditors: Amounts falling due within one year	6	(6,285)
Net current assets		4,983
Net assets		5,957
Capital and reserves
Called up share capital	7	1
Retained earnings		5,956
Shareholders' funds		5,957

For the financial period ending 31 January 2026 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 period 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 and 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 Profit and Loss Account.

Approved and authorised by the director on 18 May 2026
 

......................................... Mr A Remer Director

Future Collections Limited

Notes to the Unaudited Financial Statements for the Period from 16 January 2025 to 31 January 2026

1	General information

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

The address of its registered office is:
82a James Carter Road
MILDENHALL
Suffolk
IP28 7DE
England

These financial statements were authorised for issue by the director on 18 May 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 financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

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.

Tax

The tax expense for the period comprises current 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.

Future Collections Limited

Notes to the Unaudited Financial Statements for the Period from 16 January 2025 to 31 January 2026

Tangible assets

Tangible assets are stated in the balance sheet 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:

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 profit and loss account 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 Collections Limited

Notes to the Unaudited Financial Statements for the Period from 16 January 2025 to 31 January 2026

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2.

Future Collections Limited

Notes to the Unaudited Financial Statements for the Period from 16 January 2025 to 31 January 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
Additions	599	700	1,299
At 31 January 2026	599	700	1,299
Depreciation
Charge for the period	199	126	325
At 31 January 2026	199	126	325
Carrying amount
At 31 January 2026	400	574	974

5

Debtors

Current	2026 £
Trade debtors	1,050
Prepayments	289
	1,339

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £
Due within one year
Loans and borrowings	8	2,499
Taxation and social security		2,957
Accruals and deferred income		830
Other creditors		(1)
		6,285

7	Share capital

Allotted, called up and fully paid shares

Future Collections Limited

Notes to the Unaudited Financial Statements for the Period from 16 January 2025 to 31 January 2026

	2026
	No.	£
Ordinary of £1 each	1	1

8	Loans and borrowings

Current loans and borrowings

	2026 £
Other borrowings	2,499

9	Related party transactions

Future Collections Limited

Notes to the Unaudited Financial Statements for the Period from 16 January 2025 to 31 January 2026

Director's remuneration

The director's remuneration for the period was as follows:

	2026 £
Remuneration	22,835