FOUNTAIN SOFTWARE LIMITED - Accounts

FOUNTAIN SOFTWARE LIMITED - Accounts

FOUNTAIN SOFTWARE LIMITED - Company Information

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Registered Number: 03490736
England and Wales

 

 

 

FOUNTAIN SOFTWARE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

FOUNTAIN SOFTWARE LIMITED
Contents Page
For the year ended 31 March 2023
Report to the directors on the preparation of the unaudited statutory accounts of FOUNTAIN SOFTWARE LIMITED for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of FOUNTAIN SOFTWARE LIMITED for the year ended 31 March 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FOUNTAIN SOFTWARE LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that FOUNTAIN SOFTWARE LIMITED 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 FOUNTAIN SOFTWARE LIMITED. You consider that FOUNTAIN SOFTWARE LIMITED 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 FOUNTAIN SOFTWARE LIMITED. 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
31 March 2023



....................................................
Gee Coopers LLP
5th Floor
48-54 Moorgate
London
EC2R 6EJ
22 December 2023
1
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 3 2,382    2,382 
2,382    2,382 
Current assets      
Debtors: amounts falling due within one year 0    250 
Creditors: amount falling due within one year (13,992)   (10,034)
Net current liabilities (13,992)   (9,784)
 
Total assets less current liabilities (11,610)   (7,402)
Creditors: amount falling due after more than one year (23,830)   (32,099)
Net liabilities (35,440)   (39,501)
 

Capital and reserves 		     
Called up share capital 4 4,680    1 
Profit and loss account (40,120)   (39,502)
Shareholder's funds (35,440)   (39,501)
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 22 December 2023 and were signed by:


-------------------------------
O Aiyetigbo
Director
2
General Information
FOUNTAIN SOFTWARE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03490736, registration address 9 Mill Ridge, Middlesex,, London, HA8 7PE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The company made a loss in the year and has net current liabilities. The company is dependent on the support from its shareholder to continue as a going concern. The financial statements have been prepared on a going concern basis that assumes further funding will be obtained.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives.
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 April 2022 8,502    8,502 
Additions -    - 
Disposals -    - 
At 31 March 2023 8,502    8,502 
Depreciation
At 01 April 2022 6,120    6,120 
Charge for year -    - 
On disposals -    - 
At 31 March 2023 6,120    6,120 
Net book values
Closing balance as at 31 March 2023 2,382    2,382 
Opening balance as at 01 April 2022 2,382    2,382 


4.

Share Capital

Authorised
1,000 Class A shares of £1.00 each
Allotted, called up and fully paid
2023
£		   2022
£
1 Class A share of £1.00 each 1    1 
1    1 

3