Company Registration No. 10673540 (England and Wales)
Futr AI Limited
Unaudited accounts
for the year ended 31 March 2026
Futr AI Limited
Unaudited accounts
Contents
Futr AI Limited
Company Information
for the year ended 31 March 2026
Directors
D J Keen
L Skyrme
A P Wilkins
M G D Hurley
Company Number
10673540 (England and Wales)
Registered Office
7 Bell Yard
London
WC2A 2JR
United Kingdom
Futr AI Limited
Statement of financial position
as at 31 March 2026
Intangible assets
477,026
247,871
Cash at bank and in hand
165,200
221,935
Creditors: amounts falling due within one year
(244,095)
(270,649)
Net current assets
21,841
102,743
Total assets less current liabilities
498,878
352,136
Creditors: amounts falling due after more than one year
(357,300)
(249,680)
Net assets
141,578
102,456
Called up share capital
331
331
Share premium
4,918,552
4,918,552
Profit and loss account
(4,777,305)
(4,816,427)
Shareholders' funds
141,578
102,456
For the year ending 31 March 2026 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 24 July 2026 and were signed on its behalf by
A P Wilkins
Director
Company Registration No. 10673540
Futr AI Limited
Notes to the Accounts
for the year ended 31 March 2026
Futr AI Limited is a private company, limited by shares, registered in England and Wales, registration number 10673540. The registered office is 7 Bell Yard, London, WC2A 2JR, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
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.
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:
Computer equipment
33% straight line
Futr AI Limited
Notes to the Accounts
for the year ended 31 March 2026
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting polices. In preparing these financial statements, the directors have made the following judgements:
Determine whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
Other key sources of estimation uncertainty:
Tangible fixed assets (note 5)
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Charge for the year
24,787
Futr AI Limited
Notes to the Accounts
for the year ended 31 March 2026
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
9,184
59,601
Accrued income and prepayments
16,856
34,687
Other debtors
74,696
57,169
7
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
2,461
9,900
Taxes and social security
10,050
9,384
Other creditors
1,908
1,768
Deferred income
208,323
226,040
8
Creditors: amounts falling due after more than one year
2026
2025
Other creditors
250,607
186,526
The company has entered into a coronavirus bounce back loan agreement for a facility of £49,500 which was fully drawn down on 12 June 2020. The loan bears interest at 2.5% pa. The loan is unsecured and repayable in monthly instalments from 12 July 2021, with the final instalment due in June 2026.
Futr AI Limited
Notes to the Accounts
for the year ended 31 March 2026
9
Average number of employees
During the year the average number of employees was 4 (2025: 4).