Rebuild Futures Ltd.

Rebuild Futures Ltd.

REBUILD FUTURES LTD. - Company Information

Print Friendly Version

1 January 2018 false Taxfiler 2019.10.Web SC465089business:PrivateLimitedCompanyLtd2018-01-012019-05-31 SC4650892017-12-31 SC4650892018-01-012019-05-31 SC465089business:AuditExemptWithAccountantsReport2018-01-012019-05-31 SC465089business:FullAccounts2018-01-012019-05-31 SC4650892019-05-31 SC465089business:Director12018-01-012019-05-31 SC465089business:RegisteredOffice2018-01-012019-05-31 SC4650892017-12-31 SC465089core:WithinOneYear2019-05-31 SC465089core:WithinOneYear2017-12-31 SC465089core:ShareCapital2019-05-31 SC465089core:ShareCapital2017-12-31 SC465089core:RetainedEarningsAccumulatedLosses2019-05-31 SC465089core:RetainedEarningsAccumulatedLosses2017-12-31 SC465089business:SmallEntities2018-01-012019-05-31 SC465089countries:Scotland2018-01-012019-05-31 SC4650892017-01-012017-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC465089 (Scotland)
Rebuild Futures Ltd. Unaudited accounts for the period from 1 January 2018 to 31 May 2019
Rebuild Futures Ltd. Unaudited accounts Contents
Page
- 2 -
Rebuild Futures Ltd. Company Information for the period from 1 January 2018 to 31 May 2019
Director
Paul Hunter
Company Number
SC465089 (Scotland)
Registered Office
37A Eskside West Musselburgh EH6 4PS United Kingdom
Accountants
Susan Whitham 6 Park Place Edinburgh MIDLOTHIAN EH6 4LB
- 3 -
Rebuild Futures Ltd. Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Rebuild Futures Ltd. for the period from 1 January 2018 to 31 May 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rebuild Futures Ltd. for the period from 1 January 2018 to 31 May 2019 as set out on pages 5 - 6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Rebuild Futures Ltd., as a body, in accordance with the terms of our engagement letter dated 14 January 2019. Our work has been undertaken solely to prepare for your approval the accounts of Rebuild Futures Ltd. and state those matters that we have agreed to state to the Board of Directors of Rebuild Futures Ltd., as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Rebuild Futures Ltd. and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Rebuild Futures 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 Rebuild Futures Ltd.. You consider that Rebuild Futures Ltd. is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Rebuild Futures 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.
Susan Whitham Chartered Accountants 6 Park Place Edinburgh MIDLOTHIAN EH6 4LB 26 August 2019
- 4 -
Rebuild Futures Ltd. Statement of financial position as at 31 May 2019
2019 
2017 
Notes
£ 
£ 
Current assets
Debtors
4
2,456 
- 
Cash at bank and in hand
527 
1,652 
2,983 
1,652 
Creditors: amounts falling due within one year
5
(2,750)
(520)
Net current assets
233 
1,132 
Net assets
233 
1,132 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
232 
1,131 
Shareholders' funds
233 
1,132 
For the period ending 31 May 2019 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 his 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.
Approved by the Board on 12 September 2019.
Paul Hunter Director Company Registration No. SC465089
- 5 -
Rebuild Futures Ltd. Notes to the Accounts for the period from 1 January 2018 to 31 May 2019
1
Statutory information
Rebuild Futures Ltd. is a private company, limited by shares, registered in Scotland, registration number SC465089. The registered office is 37A Eskside West, Musselburgh, EH6 4PS, United Kingdom.
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.
3
Accounting policies
These financial statements for the period from 1 January 2018 to 31 May 2019 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2017. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Debtors
2019 
2017 
£ 
£ 
Other debtors
2,456 
- 
5
Creditors: amounts falling due within one year
2019 
2017 
£ 
£ 
Taxes and social security
(19)
- 
Loans from directors
2,369 
520 
Accruals
400 
- 
2,750 
520 
6
Transactions with related parties
The amount owed to the director at the balance sheet date is unsecured and repayable on demand. No interest was paid in respect of this loan.
7
Average number of employees
During the period the average number of employees was 2 (2017: 1).
- 6 -