Future Fabrics Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02705874

Financial Statements for the Year Ended 30 June 2025

for

Future Fabrics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A D Bergman

Mrs C L Roberts

SECRETARY:

Mrs C L Roberts

REGISTERED OFFICE:

Unit 16 Riverwalk

Business Park

Riverwalk Road Off Jeffreys Road

Enfield

EN3 7QN

REGISTERED NUMBER:

02705874

FIXED ASSETS

Tangible assets

4

2,858

Investments

5

176,157

179,015

CURRENT ASSETS

Stocks

285,786

535,786

Debtors

6

3,052,605

Cash at bank and in hand

449,404

3,787,795

4,037,795

CREDITORS

Amounts falling due within one year

7

2,354,556

NET CURRENT ASSETS

1,433,239

1,683,239

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,612,254

1,862,254

CAPITAL AND RESERVES

Called up share capital

101

Retained earnings

8

1,612,153

1,862,153

1,612,254

1,862,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2026 and were signed on its behalf by:

A D Bergman - Director

1.	STATUTORY INFORMATION

Future Fabrics Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 July 2024

and 30 June 2025

13,160

21,892

35,052

DEPRECIATION

At 1 July 2024

and 30 June 2025

12,692

19,502

32,194

NET BOOK VALUE

At 30 June 2025

468

2,390

2,858

At 30 June 2024

468

2,390

2,858

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 July 2024

and 30 June 2025

176,157

NET BOOK VALUE

At 30 June 2025

176,157

At 30 June 2024

176,157

Cost or valuation at 30 June 2025 is represented by:

Other

investments

£

Valuation in 3

135,157

Valuation in 5

41,000

176,157

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Trade debtors

312,527

Amounts owed by group undertakings

2,718,557

Other debtors

21,521

3,052,605

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Trade creditors

788,122

Amounts owed to group undertakings

1,002,425

Tax

261,284

Social security and other taxes

2,343

Directors' current accounts

47,232

Accrued expenses

253,150

2,354,556

8.

RESERVES

Retained

earnings

£

At 1 July 2024

1,862,153

Profit for the year

-

Transfer

(250,000

)

At 30 June 2025

1,612,153

9.	ULTIMATE CONTROLLING PARTY

The controlling party is A D Bergman.