REGISTERED NUMBER: 05045306 (England and Wales)

Future Shop Limited

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

Mrs. Z G Aslam

Mr. A S Aslam

Registered office:

Unit 5 Moda Business Centre, Stirling Wa

Borehamwood

United Kingdom

Hertfordshire

WD6 2BW

Registered number:

05045306 (England and Wales)

Accountants:

AN Accountancy

Accountants

4th Floor

100 Fenchurch Street

London

United Kingdom

EC3M 5JD

Fixed assets

Intangible assets

4

18,300

20,130

Tangible assets

5

65,160

81,856

83,460

101,986

Current assets

Stocks

75,927

73,780

Debtors

6

110,036

39,194

Cash at bank

173,274

269,938

359,237

382,912

Creditors

Amounts falling due within one year

7

377,324

348,867

Net current (liabilities)/assets

(18,087

)

34,045

Total assets less current liabilities

65,373

136,031

Creditors

Amounts falling due after more than one year

8

(32,148

)

(38,854

)

Provisions for liabilities

(16,290

)

(20,464

)

Net assets

16,935

76,713

Capital and reserves

Called up share capital

2

2

Retained earnings

16,933

76,711

16,935

76,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th August 2025 and were signed on its behalf by:

Mrs. Z G Aslam - Director

1.	Statutory information

Future Shop Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development expenditure is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Equipment

-

15% on reducing balance

Motor vehicles

-

straight line over 3 years

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 16 (2024 - 16 ) .

4.	Intangible fixed assets

Other

intangible

assets

£

Cost

At 1st April 2024

and 31st March 2025

217,748

Amortisation

At 1st April 2024

197,618

Charge for year

1,830

At 31st March 2025

199,448

Net book value

At 31st March 2025

18,300

At 31st March 2024

20,130

5.	Tangible fixed assets

Motor

Equipment

vehicles

Totals

£

£

£

Cost

At 1st April 2024

and 31st March 2025

86,263

61,035

147,298

Depreciation

At 1st April 2024

48,584

16,858

65,442

Charge for year

5,652

11,044

16,696

At 31st March 2025

54,236

27,902

82,138

Net book value

At 31st March 2025

32,027

33,133

65,160

At 31st March 2024

37,679

44,177

81,856

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

-

1,078

Other debtors

110,036

38,116

110,036

39,194

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Hire purchase contracts

6,706

6,219

Trade creditors

151,101

166,022

Taxation and social security

32,456

50,965

Other creditors

187,061

125,661

377,324

348,867

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Hire purchase contracts

32,148

38,854

9.	Ultimate controlling party

The company's ultimate controlling party is Azure Group Holdings Limited, a company registered in England.