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2025-03-31 06714432 dpl:GroupUndertakings 2024-04-01 2025-03-31 06714432 dpl:ParticipatingInterests 2024-04-01 2025-03-31 06714432 dpl:GroupUndertakings core:ListedExchangeTraded 2024-04-01 2025-03-31 06714432 core:ListedExchangeTraded 2024-04-01 2025-03-31 06714432 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2024-04-01 2025-03-31 06714432 core:UnlistedNon-exchangeTraded 2024-04-01 2025-03-31 06714432 core:NetGoodwill 2026-03-31 06714432 core:IntangibleAssetsOtherThanGoodwill 2026-03-31 06714432 core:LandBuildings 2026-03-31 06714432 core:PlantMachinery 2026-03-31 06714432 core:Vehicles 2026-03-31 06714432 core:FurnitureFittings 2026-03-31 06714432 core:OfficeEquipment 2026-03-31 06714432 core:AfterOneYear 2026-03-31 06714432 core:WithinOneYear 2026-03-31 06714432 core:ListedExchangeTraded 2026-03-31 06714432 core:UnlistedNon-exchangeTraded 2026-03-31 06714432 core:ShareCapital 2026-03-31 06714432 core:SharePremium 2026-03-31 06714432 core:RevaluationReserve 2026-03-31 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FUTURE BAITS LIMITED

Registered Number
06714432
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2026

FUTURE BAITS LIMITED
Company Information
for the year from 1 April 2025 to 31 March 2026

Director | WATTS, Marcus Kenrick

Registered Address | 79 Higher Bore Street
| Bodmin
| PL31 1JT

Registered Number | 06714432 (England and Wales)

FUTURE BAITS LIMITED
Balance Sheet as at
31 March 2026

| Notes | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 10,742 |  |  |  | 8,742
|  |  |  | 10,742 |  |  |  | 8,742
Current assets |  |  |  |  |  |  |  |
Stocks | 4 | 25,087 |  |  |  | 24,392 |  |
Debtors | 5 | 28,309 |  |  |  | 8,403 |  |
|  | 53,396 |  |  |  | 32,795 |  |
Creditors amounts falling due within one year | 6 | (71,159) |  |  |  | (92,144) |  |
Net current assets (liabilities) |  |  |  | (17,763) |  |  |  | (59,349)
Total assets less current liabilities |  |  |  | (7,021) |  |  |  | (50,607)
Creditors amounts falling due after one year | 7 |  |  | (10,467) |  |  |  | (14,171)
Net assets |  |  |  | (17,488) |  |  |  | (64,778)
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 4 |  |  |  | 4
Profit and loss account |  |  |  | (17,492) |  |  |  | (64,782)
Shareholders' funds |  |  |  | (17,488) |  |  |  | (64,778)

- The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 30 July 2026, and are signed on its behalf by:
WATTS, Marcus Kenrick Director Registered Company No. 06714432

FUTURE BAITS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2026

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Statement of compliance
--- | ---
| The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

| Going concern
--- | ---
| These accounts have been prepared on the going concern basis. The Company is reliant on the continued support of the director.

| Revenue from sale of goods
--- | ---
| Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

| Employee benefits
--- | ---
| Contributions to defined contribution plans are expensed in the period to which they relate.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

|  | Reducing balance (%)
| Plant and machinery | 15
| Vehicles | 25
| Office Equipment | 25

| Stocks and work in progress
--- | ---
| Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2. | Average number of employees
--- | ---

|  | 2026 |  | 2025
| Average number of employees during the year | 4 |  | 3

3. | Tangible fixed assets
--- | ---

|  | Plant & machinery |  | Vehicles |  | Office Equipment |  | Total
--- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
| Cost or valuation
| At 01 April 25 | 66,297 |  | 9,504 |  | 335 |  | 76,136
| Additions | 3,489 |  | - |  | - |  | 3,489
| At 31 March 26 | 69,786 |  | 9,504 |  | 335 |  | 79,625
| Depreciation and impairment
| At 01 April 25 | 58,090 |  | 8,970 |  | 334 |  | 67,394
| Charge for year | 1,355 |  | 134 |  | - |  | 1,489
| At 31 March 26 | 59,445 |  | 9,104 |  | 334 |  | 68,883
| Net book value
| At 31 March 26 | 10,341 |  | 400 |  | 1 |  | 10,742
| At 31 March 25 | 8,207 |  | 534 |  | 1 |  | 8,742

4. | Stocks
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Other stocks | 25,087 |  | 24,392
| Total | 25,087 |  | 24,392

5. | Debtors: amounts due within one year
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 28,065 |  | 8,118
| Other debtors | 244 |  | 245
| Prepayments and accrued income | - |  | 40
| Total | 28,309 |  | 8,403

6. | Creditors: amounts due within one year
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 4,767 |  | 12,608
| Bank borrowings and overdrafts | 12,215 |  | 36,305
| Taxation and social security | 10,389 |  | 4,886
| Other creditors | 39,963 |  | 34,085
| Accrued liabilities and deferred income | 3,825 |  | 4,260
| Total | 71,159 |  | 92,144

| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7. | Creditors: amounts due after one year
--- | ---

|  | 2026 |  | 2025
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | 10,467 |  | 14,171
| Total | 10,467 |  | 14,171