Faculty of Prof,Business & Tech Man - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 01697845 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

FOR

FACULTY OF PROFESSIONAL, BUSINESS AND

TECHNICAL MANAGEMENT LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

48

56

Investments

3

1

1

49

57

CURRENT ASSETS

Stocks

355

363

Debtors

1,089

1,449

Cash at bank

250

140

1,694

1,952

CREDITORS

Amounts falling due within one year

1,484

1,485

NET CURRENT ASSETS

210

467

TOTAL ASSETS LESS CURRENT LIABILITIES

259

524

CAPITAL AND RESERVES

Called up share capital

4

2

2

Retained earnings

257

522

SHAREHOLDERS' FUNDS

259

524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 2 March 2016 and were signed by:

Betty Lorraine Le Cornu - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting

policies adopted in the preparation of the financial statements are set out below and have remained unchanged

from the previous year.

Preparation of consolidated financial statements

The financial statements contain information about Faculty of Professional, Business and Technical

Management Limited as an individual company and do not contain consolidated financial information as the

parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements

to prepare consolidated financial statements as it and its subsidiary undertaking are included by full

consolidation in the consolidated financial statements of its parent, K I Pinery Pty Ltd, a company registered in

Australia.

Turnover

Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal

course of business. Revenue is recognised in respect of service contracts when the company obtains the right to

consideration.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

and 31 January 2016

1,245

DEPRECIATION

At 1 February 2015

1,189

Charge for year

8

At 31 January 2016

1,197

NET BOOK VALUE

At 31 January 2016

48

At 31 January 2015

56

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 February 2015

and 31 January 2016

1

NET BOOK VALUE

At 31 January 2016

1

At 31 January 2015

1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

The Academy of Executives & Administrators Ltd

Nature of business: Dormant Company

%

Class of shares:

holding

Ordinary

100.00

31.7.15

31.7.14

£

£

Aggregate capital and reserves

1

1

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

5.	ULTIMATE PARENT COMPANY

K I Pinery Pty Ltd (incorporated in Australia ) is regarded by the director as being the company's ultimate parent

company.