Fountayne Managing Ltd

Fountayne Managing Ltd

FOUNTAYNE MANAGING LTD - Company Information

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Company Registration No. 09496684 (England and Wales)
Fountayne Managing Ltd Unaudited accounts for the year ended 31 March 2021
Fountayne Managing Ltd Unaudited accounts Contents
Page
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Fountayne Managing Ltd Company Information for the year ended 31 March 2021
Director
Simon Stern
Company Number
09496684 (England and Wales)
Registered Office
Emma House 214-218 High Road London N15 4NP England
Accountants
Brindley Goldstein Ltd 103 High Street Waltham Cross Herts. EN8 7AN
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Fountayne Managing Ltd for the year ended 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Fountayne Managing Ltd for the year ended 31 March 2021 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 Fountayne Managing Ltd, as a body, in accordance with the terms of our engagement letter dated 3 August 2016. Our work has been undertaken solely to prepare for your approval the accounts of Fountayne Managing Ltd and state those matters that we have agreed to state to the Board of Directors of Fountayne Managing 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 Fountayne Managing Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Fountayne Managing 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 profit of Fountayne Managing Ltd. You consider that Fountayne Managing Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Fountayne Managing 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.
Brindley Goldstein Ltd Chartered Accountants 103 High Street Waltham Cross Herts. EN8 7AN 8 April 2022
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Fountayne Managing Ltd Statement of financial position as at 31 March 2021
2021 
2020 
Notes
£ 
£ 
Current assets
Debtors
4
597,577 
316,100 
Cash at bank and in hand
2,490 
7,094 
600,067 
323,194 
Creditors: amounts falling due within one year
5
(393,088)
(212,134)
Net current assets
206,979 
111,060 
Total assets less current liabilities
206,979 
111,060 
Creditors: amounts falling due after more than one year
6
(49,000)
- 
Net assets
157,979 
111,060 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
157,978 
111,059 
Shareholders' funds
157,979 
111,060 
For the year ending 31 March 2021 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.
The financial statements were approved by the Board and authorised for issue on 4 December 2022 and were signed on its behalf by
Simon Stern Director Company Registration No. 09496684
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Fountayne Managing Ltd Notes to the Accounts for the year ended 31 March 2021
1
Statutory information
Fountayne Managing Ltd is a private company, limited by shares, registered in England and Wales, registration number 09496684. The registered office is Emma House , 214-218 High Road, London, N15 4NP, England.
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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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: amounts falling due within one year
2021 
2020 
£ 
£ 
Trade debtors
369,798 
127,316 
Other debtors
227,779 
188,784 
597,577 
316,100 
5
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
97,244 
4,556 
Trade creditors
122,001 
111,571 
Taxes and social security
31,964 
22,136 
Other creditors
139,403 
72,871 
Loans from directors
1,476 
- 
Accruals
1,000 
1,000 
393,088 
212,134 
6
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
49,000 
- 
7
Average number of employees
During the year the average number of employees was 9 (2020: 8).
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