Future Garments Limited in Warley, B66 3DL

Description

Data updated on: 01-11-2023

Future Garments started conducting its operations in the year 1992 as a Private Limited Company under the ID 02690536. This particular firm has operated for thirty two years and the present status is active. This company's registered office is situated in Warley at Aqua House, Buttress Way. You could also locate the firm by the area code : B66 3DL. This business's registered with SIC code 47990 which means Other retail sale not in stores, stalls or markets. Future Garments Ltd reported its latest accounts for the financial period up to Sunday 29th May 2022. The firm's most recent annual confirmation statement was submitted on Saturday 25th February 2023.

5 transactions have been registered in 0201 with a sum total of £7,295. Cooperation with the London Borough of Hounslow council covered the following areas: Clothing,uniforms & Laundry.

Because of the following company's constant development, it became imperative to acquire new company leaders: Kuldip P. and Hardip P. who have been participating in joint efforts since 1993 for the benefit of the following company.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2016-05-31	2017-05-31	2018-05-30	2019-05-29	2020-05-29	2021-05-29	2022-05-29
Currency

Balance Sheet
Cash Bank On Hand	3 324 925	1 810 461	3 056 132	1 699 639	1 923 662	4 364 273	1 355 036
Current Assets	6 274 990	7 234 611	8 065 124	8 824 673	9 819 705	12 117 294	11 433 646
Debtors	1 231 643	3 880 836	3 210 314	5 382 143	6 252 201	5 593 098	7 992 950
Net Assets Liabilities	4 835 285	5 415 289	6 109 287	6 637 861	7 724 519	8 415 913	8 322 685
Other Debtors	118 913	2 606 508	1 926 265	3 775 946	4 449 470	4 437 037	7 166 835
Property Plant Equipment	1 255 391	81 710	85 613	80 735	68 973	61 144	55 851
Total Inventories	1 718 422	1 543 314	1 798 678	1 742 891	1 643 842	2 159 923	2 085 660

Other Financial Data
Audit Fees Expenses	2 600	7 000	7 000	7 000	8 180	9 035	10 000
Director Remuneration	24 000	23 984	24 000	24 000	24 000	24 000	24 000
Dividend Recommended By Directors			12 500	25 000	25 000	25 000	25 000
Accumulated Depreciation Impairment Property Plant Equipment	732 351	533 055	554 652	503 016	517 200	533 064	542 557
Administrative Expenses	1 742 789	1 943 463	1 980 604	2 040 824	2 661 695	2 385 804	2 296 604
Average Number Employees During Period	58	41	43	46	46	52	54
Bank Borrowings	450 000	390 000	60 000	60 000	60 000	60 000	60 000
Bank Borrowings Overdrafts	390 000	330 000	270 000	210 000	150 000	90 000	30 000
Bank Overdrafts	1 281
Cash Cash Equivalents Cash Flow Value	3 323 644			1 699 639	1 923 662	4 364 273
Comprehensive Income Expense	609 416	580 004	706 498	553 574	1 111 658	716 394	-68 228
Corporation Tax Payable	127 548	138 254	195 497	239 662	422 837	432 769	-890
Cost Sales	5 430 359	6 002 513	6 784 074	7 450 343	8 985 286	5 785 406	6 565 432
Creditors	390 000	330 000	270 000	210 000	150 000	90 000	30 000
Current Tax For Period	131 976	103 581	160 487	157 799	263 928	168 840
Depreciation Amortisation Expense	49 496	21 538	21 596	17 322	14 183	15 864	9 491
Depreciation Expense Property Plant Equipment	49 496	21 537	21 597	17 322	14 184	15 864	9 493
Disposals Decrease In Depreciation Impairment Property Plant Equipment		220 833		68 958
Disposals Property Plant Equipment		1 380 187		73 414
Dividend Per Share Final			1	25 000	2	25 000
Dividends Paid			12 500	25 000	25 000	25 000	25 000
Dividends Paid Classified As Financing Activities			-12 500	-25 000	-25 000	-25 000	-25 000
Dividends Paid On Shares Final			12 500	25 000	25 000	25 000	25 000
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	33 265	-743 489	143 175	241 932	-224 728	1 648 434	-102 054
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	329 885	-2 649 193	670 522	-2 171 829	-870 058	659 103	-2 399 852
Gain Loss On Disposals Property Plant Equipment		140 646		-4 156
Gross Profit Loss	2 388 817	2 517 192	2 839 992	2 761 548	3 861 736	2 788 895	1 945 164
Income Taxes Paid Refund Classified As Operating Activities	-179 798	-127 539	-94 138	-113 634	-82 587	-158 908	-432 769
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	1 063 167	-1 513 183	1 245 671	-1 356 493	224 023	2 440 611	-3 009 237
Increase Decrease In Stocks Inventories Finished Goods Work In Progress	-167 011	-175 108	255 364	-55 787	-99 049	516 081	-74 263
Increase From Depreciation Charge For Year Property Plant Equipment		21 537	21 597	17 322	14 184	15 864	9 493
Interest Expense On Bank Loans Similar Borrowings	9 494	5 703	1 509	5 195	6 277	3 721	3 164
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	1 742
Interest Paid Classified As Operating Activities	-9 494	-5 703	-1 509	-5 195	-6 277	-3 721	-3 164
Interest Payable Similar Charges Finance Costs	11 236	5 703	1 509	5 195	6 277	3 721	3 164
Merchandise	1 718 422	1 543 314	1 798 678	1 742 891	1 643 842	2 159 923	2 085 660
Net Cash Flows From Used In Financing Activities	65 506	60 000	72 500	85 000	85 000	85 000	84 998
Net Cash Flows From Used In Investing Activities	8 120	-1 152 144	25 500	12 444	2 422	8 035	4 200
Net Cash Flows From Used In Operating Activities	-1 136 793	2 605 327	-1 343 671	1 259 049	-311 445	-2 533 646	2 920 039
Net Cash Generated From Operations	-1 327 827	2 472 085	-1 439 318	1 140 220	-400 309	-2 696 275	2 484 106
Net Current Assets Liabilities	3 971 729	5 665 414	6 295 509	6 768 961	7 805 546	8 444 769	8 296 834
Number Shares Issued Fully Paid		12 500	12 500	12 500	12 500	12 500	12 500
Operating Profit Loss	748 170	583 306	859 388	720 724	1 381 863	888 955	-65 954
Other Creditors	579 953	572 049	701 271	919 220	162 252	1 408 573	1 402 736
Other Operating Income Format1	102 142	9 577			181 822	485 864	285 486
Other Taxation Social Security Payable	17 529	17 521	17 026	36 328	20 148	24 614	28 551
Par Value Share		1	1	1	1	1	1
Payments Finance Lease Liabilities Classified As Financing Activities	-3 689
Pension Other Post-employment Benefit Costs Other Pension Costs	8 495	21 071	20 262	14 242	14 004	11 747	17 834
Proceeds From Borrowings Classified As Financing Activities	1 817
Proceeds From Sales Property Plant Equipment		-1 159 354		-4 456
Profit Loss	609 416	580 004	706 498	553 574	1 111 658	716 394	-68 228
Profit Loss On Ordinary Activities Before Tax	736 934	718 249	857 879	711 373	1 375 586	885 234	-69 118
Property Plant Equipment Gross Cost	1 987 742	614 765	640 265	583 751	586 173	594 208	598 408
Provisions	1 835	1 835	1 835	1 835	1 835
Provisions For Liabilities Balance Sheet Subtotal	1 835	1 835	1 835	1 835
Purchase Property Plant Equipment	-8 120	-7 210	-25 500	-16 900	-2 422	-8 035	-4 200
Repayments Borrowings Classified As Financing Activities	-60 000	-60 000	-60 000	-60 000	-60 000	-60 000	-59 998
Social Security Costs	65 097	63 764	74 412	66 203	79 566	73 644	105 777
Staff Costs Employee Benefits Expense	999 792	1 031 164	1 074 503	1 005 236	1 153 882	1 144 622	1 511 857
Tax Tax Credit On Profit Or Loss On Ordinary Activities	127 518	138 245	151 381	157 799	263 928	168 840	-890
Total Additions Including From Business Combinations Property Plant Equipment		7 210	25 500	16 900	2 422	8 035	4 200
Total Assets Less Current Liabilities	5 227 120	5 747 124	6 381 122	6 849 696	7 874 519	8 505 913	8 352 685
Total Borrowings	61 281	60 000
Trade Creditors Trade Payables	1 250 991	583 923	699 199	784 022	1 348 922	1 746 569	1 646 415
Trade Debtors Trade Receivables	1 112 730	1 274 328	1 284 049	1 606 197	1 711 434	1 000 733	728 044
Turnover Revenue	7 819 176	8 519 705	9 624 066	10 211 891	12 847 022	8 574 301	8 510 596
Wages Salaries	926 200	946 329	979 829	924 791	1 060 312	1 059 231	1 388 246
Recoverable Value-added Tax					91 297	155 328	98 071
Total Operating Lease Payments							37 522

Company staff

Kuldip P.

Role: Secretary

Latest update: 12 April 2024

Kuldip P.

Role: Director

Appointed: 25 February 1993

Latest update: 12 April 2024

Hardip P.

Role: Director

Appointed: 25 February 1993

Latest update: 12 April 2024

People with significant control

The companies with significant control over this firm are as follows: Aqua Holdings Limited owns over 3/4 of company shares and has 3/4 to full of voting rights. This business can be reached in Smethwick at Buttress Way, B66 3DL, West Midlands and was registered as a PSC under the reg no 02996703.

Aqua Holdings Limited

Address: Aqua House Buttress Way, Smethwick, West Midlands, B66 3DL, United Kingdom

Legal authority Companies Act 2006 England & Wales

Legal form Limited Company

Country registered England And Wales

Place registered Registered Office

Registration number 02996703

Notified on 7 April 2021

Nature of control:

over 3/4 of shares

3/4 to full of voting rights

Kuldip P.

Notified on 6 April 2016

Ceased on 7 April 2021

Nature of control:

right to manage directors

Accounts Documents

Account next due date	29 February 2024
Account last made up date	29 May 2022
Confirmation statement next due date	10 March 2024
Confirmation statement last made up date	25 February 2023

Annual Accounts
Start Date For Period Covered By Report	01 June 2016
End Date For Period Covered By Report	31 May 2017
Annual Accounts
Start Date For Period Covered By Report	01 June 2017
End Date For Period Covered By Report	30 May 2018
Annual Accounts
Start Date For Period Covered By Report	31 May 2018
End Date For Period Covered By Report	29 May 2019
Annual Accounts
Start Date For Period Covered By Report	30 May 2019
End Date For Period Covered By Report	29 May 2020
Annual Accounts
Start Date For Period Covered By Report	30 May 2020
End Date For Period Covered By Report	29 May 2021
Annual Accounts
Start Date For Period Covered By Report	30 May 2021
End Date For Period Covered By Report	29 May 2022

Year / Transaction date	Council / Department / Transaction ID	No. of trans.	Total trans. value
0201	London Borough of Hounslow	5	£ 7 295.09
0201-09-10	3969642		£ 2 647.57	Clothing,uniforms & Laundry
0201-09-10	3969640		£ 2 108.26	Clothing,uniforms & Laundry
0201-07-25	3959978		£ 1 512.00	Clothing,uniforms & Laundry

Future Garments Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Kuldip P.

Kuldip P.

Hardip P.

People with significant control

Aqua Holdings Limited

Kuldip P.

Accounts Documents

Company filings

Filing category

Company's financial transactions

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