FORESIGHT FACTORY INTERNATIONAL LIMITED

FORESIGHT FACTORY INTERNATIONAL LIMITED

FORESIGHT FACTORY INTERNATIONAL LIMITED - Company Information

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FORESIGHT FACTORY INTERNATIONAL LIMITED

Company Registration Number:
03202565 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2020

Period of accounts

Start date: 01 July 2019

End date: 30 June 2020

FORESIGHT FACTORY INTERNATIONAL LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2020

Balance sheet
Notes

FORESIGHT FACTORY INTERNATIONAL LIMITED

Balance sheet

As at 30 June 2020


Notes
2020
2019


£
£
Fixed assets
Intangible assets: 3 301,000 348,000
Tangible assets: 4 0 5,000
Investments:   0 0
Total fixed assets: 301,000 353,000
Current assets
Stocks: 0 171,000
Debtors: 5 974,000 938,000
Cash at bank and in hand: 1,209,000 382,000
Total current assets: 2,183,000 1,491,000
Creditors: amounts falling due within one year:   (1,355,000) (1,442,000)
Net current assets (liabilities): 828,000 49,000
Total assets less current liabilities: 1,129,000 402,000
Creditors: amounts falling due after more than one year:   (830,000)
Total net assets (liabilities): 299,000 402,000
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 298,000 401,000
Shareholders funds: 299,000 402,000

The notes form part of these financial statements

FORESIGHT FACTORY INTERNATIONAL LIMITED

Balance sheet statements

For the year ending 30 June 2020 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 November 2020
and signed on behalf of the board by:

Name: Christophe Jouan
Status: Director

The notes form part of these financial statements

FORESIGHT FACTORY INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FORESIGHT FACTORY INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

2. Employees

2020 2019
Average number of employees during the period 45 37

FORESIGHT FACTORY INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

3. Intangible Assets

Total
Cost £
At 01 July 2019 348,000
Additions 73,000
At 30 June 2020 421,000
Amortisation
At 01 July 2019 0
Charge for year 120,000
At 30 June 2020 120,000
Net book value
At 30 June 2020 301,000
At 30 June 2019 348,000

FORESIGHT FACTORY INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

4. Tangible Assets

Total
Cost £
At 01 July 2019 200,000
At 30 June 2020 200,000
Depreciation
At 01 July 2019 195,000
Charge for year 5,000
At 30 June 2020 200,000
Net book value
At 30 June 2020 0
At 30 June 2019 5,000

FORESIGHT FACTORY INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

5. Debtors

2020 2019
££
Debtors due after more than one year: 974,000 938,000

FORESIGHT FACTORY INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

6. Loans to directors

Loans from Directors are interest-free and are repayable on demand.

FORESIGHT FACTORY INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2020

7. Related party transactions

The company has taken advantage of the exemption under the terms of FRS 8 "Related Party Disclosures" from disclosing transactions with other entities that fall within the group of companies owned 90% by the ultimate parent company.