Futuremotiv Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10273479 (England and Wales)

FUTUREMOTIV LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTOR:

R Frost

REGISTERED OFFICE:

24 Stoneacre Close

Middlemore Farm

Daventry

Northamptonshire

NN11 8BY

REGISTERED NUMBER:

10273479 (England and Wales)

ACCOUNTANTS:

Fortus Midlands Limited

Unit 1

Brooklands Court

Kettering Venture Park

Kettering

Northamptonshire

NN15 6FD

FIXED ASSETS

Tangible assets

4

1,157

1,542

CURRENT ASSETS

Debtors

5

70,799

-

Cash at bank

4,842

2,870

75,641

2,870

CREDITORS

Amounts falling due within one year

6

44,629

3,779

NET CURRENT ASSETS/(LIABILITIES)

31,012

(909

)

TOTAL ASSETS LESS CURRENT LIABILITIES

32,169

633

CAPITAL AND RESERVES

Called up share capital

7

110

110

Retained earnings

32,059

523

SHAREHOLDERS' FUNDS

32,169

633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

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

The financial statements were approved by the director and authorised for issue on 1 April 2020 and were signed by:

R Frost - Director

1.	STATUTORY INFORMATION

Futuremotiv 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.

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

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 August 2018

and 31 July 2019

2,742

DEPRECIATION

At 1 August 2018

1,200

Charge for year

385

At 31 July 2019

1,585

NET BOOK VALUE

At 31 July 2019

1,157

At 31 July 2018

1,542

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

14,820

-

Other debtors

3,075

-

Directors' current accounts

52,904

-

70,799

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Tax

17,195

1,519

Pension

968

-

VAT

24,272

-

Directors' current accounts

-

65

Accrued expenses

2,194

2,195

44,629

3,779

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100

10

Ordinary A

£1

10

10

110

110