Future Climate Info Ltd - Period Ending 2016-03-31

Registration number: 08318444

Future Climate Info Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Future Climate Info Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Future Climate Info Ltd
(Registration number: 08318444)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Current assets
Debtors					1,286,042			342,465
Cash at bank and in hand					28,837			7,556
					1,314,879			350,021
Creditors: Amounts falling due within one year					(968,500)			(299,331)
Net assets					346,379			50,690
Capital and reserves
Called up share capital		2			1			1
Profit and loss account					346,378			50,689
Shareholders' funds					346,379			50,690

For the year ending 31 March 2016 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 28 December 2016 and signed on its behalf by:

.........................................
Mr TM Plews
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Future Climate Info Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Research and development

Research and development expenditure is written off as incurred.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

3

Control

The company is controlled by Dafni Limited a company incorporated in the British Virgin Islands.

Page 2

Future Climate Info Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

4	Going concern

The directors have reviewed the twelve months ahead and considered the company's financial position and note no material uncertainties that may cast significant doubt about the ability of it to continue as a going concern.

Page 3