Abbreviated Company Accounts - FUTURITY FINANCIAL SERVICES LTD

FUTURITY FINANCIAL SERVICES LTD - Company Information

SC413426 FUTURITY FINANCIAL SERVICES LTD 2015-05-31 false 2014-06-01 2015-05-31 true SC413426 2014-06-01 2015-05-31 SC413426 2015-05-31 SC413426 2014-05-31 SC413426 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 SC413426 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number SC413426

FUTURITY FINANCIAL SERVICES LTD

Abbreviated Accounts

31 May 2015

FUTURITY FINANCIAL SERVICES LTD Registered Number SC413426

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	70,000	80,000
Tangible assets	3	3,942	5,256
		73,942	85,256
Current assets
Debtors		26,910	25,954
Cash at bank and in hand		4,082	5,166
		30,992	31,120
Creditors: amounts falling due within one year		(85,056)	(72,920)
Net current assets (liabilities)		(54,064)	(41,800)
Total assets less current liabilities		19,878	43,456
Total net assets (liabilities)		19,878	43,456
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		19,778	43,356
Shareholders' funds		19,878	43,456

For the year ending 31 May 2015 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 February 2016

And signed on their behalf by:
David Hand, Director

FUTURITY FINANCIAL SERVICES LTD Registered Number SC413426

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life
Plant and Machinery 25% on reducing balance

Intangible assets amortisation policy
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

2Intangible fixed assets

	£
Cost
At 1 June 2014	100,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	100,000
Amortisation
At 1 June 2014	20,000
Charge for the year	10,000
On disposals	-
At 31 May 2015	30,000
Net book values
At 31 May 2015	70,000
At 31 May 2014	80,000

3Tangible fixed assets

	£
Cost
At 1 June 2014	9,237
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	9,237
Depreciation
At 1 June 2014	3,981
Charge for the year	1,314
On disposals	-
At 31 May 2015	5,295
Net book values
At 31 May 2015	3,942
At 31 May 2014	5,256

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100