Future Direction Consultancy Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07669008 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2019

for

Future Direction Consultancy Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr N Kelly

REGISTERED OFFICE:

Thorn Lodge

110 Mannamead Road

Mannamead

Plymouth

Devon

PL3 5QH

REGISTERED NUMBER:

07669008 (England and Wales)

ACCOUNTANTS:

Prydis Accounts Limited

Chartered Accountants

The Parade

Liskeard

Cornwall

PL14 6AF

FIXED ASSETS

Tangible assets

4

-

346

CURRENT ASSETS

Debtors

5

601

938

Cash at bank

2,497

6,238

3,098

7,176

CREDITORS

Amounts falling due within one year

6

5,482

5,520

NET CURRENT (LIABILITIES)/ASSETS

(2,384

)

1,656

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,384

)

2,002

PROVISIONS FOR LIABILITIES

-

69

NET (LIABILITIES)/ASSETS

(2,384

)

1,933

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(2,386

)

1,931

SHAREHOLDERS' FUNDS

(2,384

)

1,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and loss has not been delivered.

The financial statements were approved by the director on 13 January 2020 and were signed by:

Mr N Kelly - Director

1.	STATUTORY INFORMATION

Future Direction Consultancy Ltd 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

This is the last trading period of the company. The company will be dissolved following the year end. As such the

accounts are being prepared on the break up basis.

TURNOVER

Turnover represents net invoiced sales of services, excluding value added tax.

TANGIBLE FIXED ASSETS

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

Plant and machinery etc

-

20% on reducing balance

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2018

1,034

Disposals

(1,034

)

At 30 June 2019

-

DEPRECIATION

At 1 July 2018

688

Eliminated on disposal

(688

)

At 30 June 2019

-

NET BOOK VALUE

At 30 June 2019

-

At 30 June 2018

346

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Other debtors

601

938

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Taxation and social security

-

601

Other creditors

5,482

4,919

5,482

5,520

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within creditors is a balance of £4,582 (2018 - £4,019) owed to the director. This balance bears no interest

and no formal settlement terms.