Company Registration No. 4806568 (England and Wales)
FutureProspects Ltd
Unaudited accounts
for the year ended 30 September 2023
FutureProspects Ltd
Unaudited accounts
Contents
FutureProspects Ltd
Company Information
for the year ended 30 September 2023
Company Number
4806568 (England and Wales)
Registered Office
62 Keverstone Court
97 Manor Road
Bournemouth
Dorset
BH1 3BY
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
FutureProspects Ltd
Accountants' report
Accountants' report to the director of FutureProspects Ltd on the preparation of the unaudited statutory accounts for the year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
FutureProspects Ltd for the year ended
30 September 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of FutureProspects Ltd , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of FutureProspects Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FutureProspects Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that FutureProspects Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of FutureProspects Ltd . You consider that FutureProspects Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of FutureProspects Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
22 February 2024
FutureProspects Ltd
Statement of financial position
as at 30 September 2023
Cash at bank and in hand
6,616
17,665
Creditors: amounts falling due within one year
(79,985)
(77,044)
Net current assets
3,639
5,379
Total assets less current liabilities
3,639
6,092
Creditors: amounts falling due after more than one year
(5,066)
(6,300)
Net liabilities
(1,427)
(208)
Called up share capital
1
1
Profit and loss account
(1,428)
(209)
Shareholders' funds
(1,427)
(208)
For the year ending 30 September 2023 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 director acknowledges her 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 and authorised for issue on 27 February 2024 and were signed on its behalf by
Diana Barden
Director
Company Registration No. 4806568
FutureProspects Ltd
Notes to the Accounts
for the year ended 30 September 2023
FutureProspects Ltd is a private company, limited by shares, registered in England and Wales, registration number 4806568. The registered office is 62 Keverstone Court, 97 Manor Road, Bournemouth, Dorset, BH1 3BY.
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.
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
33% on cost
Computer equipment
33% on cost
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2022
9,386
13,731
23,117
At 30 September 2023
9,386
13,731
23,117
At 1 October 2022
8,822
13,582
22,404
Charge for the year
564
149
713
At 30 September 2023
9,386
13,731
23,117
At 30 September 2023
-
-
-
At 30 September 2022
564
149
713
Amounts falling due within one year
Trade debtors
75,328
59,590
FutureProspects Ltd
Notes to the Accounts
for the year ended 30 September 2023
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
79,685
77,044
7
Creditors: amounts falling due after more than one year
2023
2022
In March 2021, the company received a Bounce Back Loan of £7,000, which is a 100% UK Government backed loan.
Under the terms of the loan, the fees and interest incurred in the first 12 months are settled on behalf of the company by the UK Government.
After the first 12 months, an interest rate of 2.5% is applicable.
The initial length of the loan is for six years, with an option to extend to ten years under the Bounce Back Loan Scheme.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).