Future Sound Nanu Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06398122 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2020

FOR

FUTURE SOUND NANU LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K M Rogers

SECRETARY:

V Rogers

REGISTERED OFFICE:

12 Lonsdale Road

Lunt Estate

Bilston

West Midlands

WV14 7AE

REGISTERED NUMBER:

06398122 (England and Wales)

ACCOUNTANT:

Richards Associates Limited

Chartered Accountants

North Lodge

Hawkesyard

Armitage Lane

Rugeley

Staffordshire

WS15 1PS

CURRENT ASSETS

Debtors

-

3,326

Cash at bank

22

22

22

3,348

CREDITORS

Amounts falling due within one year

496

3,302

NET CURRENT (LIABILITIES)/ASSETS

(474

)

46

TOTAL ASSETS LESS CURRENT LIABILITIES

(474

)

46

PROVISIONS FOR LIABILITIES

5

-

29

NET (LIABILITIES)/ASSETS

(474

)

17

CAPITAL AND RESERVES

Called up share capital

6

4

4

Retained earnings

7

(478

)

13

SHAREHOLDERS' FUNDS

(474

)

17

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 November 2020 and were signed by:

K M Rogers - Director

1.	STATUTORY INFORMATION

Future Sound Nanu 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 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.

Computer Equipment

-

33% on cost

Government grants

Government grants are recognised when there is reasonable assurance that the entity will comply with the

conditions attaching to the grant and the grant will be received. Grants relating to revenue are recognised in

income on a systematic basis over the periods in which the entity recognizes the related costs for which the

grant is intended to compensate.

Going concern

At the time of approving the financial statements the directors have a reasonable expectation that the company

has adequate resources to continue in operational existence for the foreseeable future.

The directors continue to adopt the going concern basis of accounting in preparing financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2019

910

Disposals

(910

)

At 31 October 2020

-

DEPRECIATION

At 1 November 2019

910

Eliminated on disposal

(910

)

At 31 October 2020

-

NET BOOK VALUE

At 31 October 2020

-

At 31 October 2019

-

5.	PROVISIONS FOR LIABILITIES

31.10.20

31.10.19

£

£

Deferred tax

-

29

Deferred

tax

£

Balance at 1 November 2019

29

Provided during year

(29

)

Balance at 31 October 2020

-

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.20

31.10.19

value:

£

£

4

Ordinary shares

£1

4

4

7.

RESERVES

Retained

earnings

£

At 1 November 2019

13

Deficit for the year

(491

)

At 31 October 2020

(478

)

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K M Rogers.

9.	GOING CONCERN

Although total liabilities exceed total assets the director is confident that the company is able to meet its liabilities

as they fall due.