Futex Investment & Trading Academy Ltd - Limited company - abbreviated

REGISTERED NUMBER: 06637517 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2015

FOR

FUTEX INVESTMENT & TRADING ACADEMY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M Rossi

D Goldberg

SECRETARY:

M Rossi

REGISTERED OFFICE:

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

REGISTERED NUMBER:

06637517 (England and Wales)

ACCOUNTANTS:

Advanta

Chartered Accountants

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

CURRENT ASSETS

Debtors

22,950

12,815

Cash at bank and in hand

1,299

12,188

24,249

25,003

CREDITORS

Amounts falling due within one year

21,960

21,083

NET CURRENT ASSETS

2,289

3,920

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,289

3,920

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

1,289

2,920

SHAREHOLDERS' FUNDS

2,289

3,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 17 December 2015 and were signed on its
behalf by:

D Goldberg - Director

M Rossi - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as

a small company.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax, as imputed under the flat rate

scheme.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer & office equipment

-

Over 3 years

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

765

DEPRECIATION

At 1 June 2014

and 31 May 2015

765

NET BOOK VALUE

At 31 May 2015

-

At 31 May 2014

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

25,999

Ordinary A

1p

260

24,000

Ordinary B

1p

240

10,001

Ordinary C

1p

100

16,500

Ordinary D

1p

165

16,500

Ordinary E

1p

165

7,000

Ordinary F

1p

70

1,000

4.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

Futex Investment & Trading Academy Ltd - Limited company - abbreviated - 11.9

Futex Investment & Trading Academy Ltd - Limited company - abbreviated - 11.9