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Company Registration No. 08303794 (England and Wales)
Future Deal Ltd Unaudited accounts for the year ended 31 May 2025
Future Deal Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Future Deal Ltd Company Information for the year ended 31 May 2025
Directors
Nishant Shah Chandrakant Shah
Company Number
08303794 (England and Wales)
Registered Office
3rd Floor Vyman House 104 College Road Harrow Middlesex HA1 1BQ
Accountants
RMR Partnership LLP Ground Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ
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Future Deal Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
235,579
235,579
Tangible assets
5
25,689
30,223
261,268
265,802
Current assets
Inventories
24,820
25,740
Debtors
6
-
40,000
Cash at bank and in hand
24,603
8,450
49,423
74,190
Creditors: amounts falling due within one year
7
(181,797)
(207,662)
Net current liabilities
(132,374)
(133,472)
Total assets less current liabilities
128,894
132,330
Creditors: amounts falling due after more than one year
8
(61,642)
(81,617)
Net assets
67,252
50,713
Capital and reserves
Called up share capital
100
100
Profit and loss account
67,152
50,613
Shareholders' funds
67,252
50,713
For the year ending 31 May 2025 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 May 2026 and were signed on its behalf by
Nishant Shah Director Company Registration No. 08303794
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Future Deal Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Future Deal Ltd is a private company, limited by shares, registered in England and Wales, registration number 08303794. The registered office is 3rd Floor Vyman House, 104 College Road, Harrow, Middlesex, HA1 1BQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% as per reducing balance method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Future Deal Ltd Notes to the Accounts for the year ended 31 May 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2024
235,579
At 31 May 2025
235,579
Amortisation
At 1 June 2024
-
At 31 May 2025
-
Net book value
At 31 May 2025
235,579
At 31 May 2024
235,579
5
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 June 2024
68,107
At 31 May 2025
68,107
Depreciation
At 1 June 2024
37,884
Charge for the year
4,534
At 31 May 2025
42,418
Net book value
At 31 May 2025
25,689
At 31 May 2024
30,223
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
-
40,000
- 6 -
Future Deal Ltd Notes to the Accounts for the year ended 31 May 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
71,239
71,188
VAT
34,484
10,207
Trade creditors
-
76,461
Taxes and social security
21,447
24,615
Other creditors
10,000
20,362
Loans from directors
40,657
859
Accruals
3,970
3,970
181,797
207,662
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
61,642
77,330
Obligations under finance leases and hire purchase contracts
-
4,287
61,642
81,617
9
Average number of employees
During the year the average number of employees was 5 (2024: 5).
- 7 -