FutexLive Limited - Accounts to registrar - small 16.3d
FutexLive Limited - Accounts to registrar - small 16.3d
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2016 |
| FOR |
| FUTEXLIVE LIMITED |
| FUTEXLIVE LIMITED (REGISTERED NUMBER: 08954295) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| FUTEXLIVE LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MAY 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 29 Gildredge Road |
| Eastbourne |
| East Sussex |
| BN21 4RU |
| FUTEXLIVE LIMITED (REGISTERED NUMBER: 08954295) |
| BALANCE SHEET |
| 31 MAY 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| FUTEXLIVE LIMITED (REGISTERED NUMBER: 08954295) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MAY 2016 |
| 1. | STATUTORY INFORMATION |
| FutexLive Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Going concern |
| These financial statements have been prepared on the basis that the company will continue to be a going |
| concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the |
| value of assets to their recoverable amount, to provide for any further liabilities that might arise, and to reclassify |
| fixed assets and long term liabilities as current assets and liabilities. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Computer equipment | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 3. | TANGIBLE FIXED ASSETS |
| Computer |
| equipment |
| £ |
| COST |
| At 1 June 2015 |
| Additions |
| Disposals | ( |
) |
| At 31 May 2016 |
| DEPRECIATION |
| At 1 June 2015 |
| Charge for year |
| At 31 May 2016 |
| NET BOOK VALUE |
| At 31 May 2016 |
| At 31 May 2015 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| VAT |
| Deferred tax asset |
| FUTEXLIVE LIMITED (REGISTERED NUMBER: 08954295) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MAY 2016 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Bank loans and overdrafts |
| Amounts owed to related interests | 235,997 | 17,082 |
| Other creditors |
| Accrued expenses |
| 6. | DEFERRED TAX |
| £ |
| Balance at 1 June 2015 | ( |
) |
| Provided during year | ( |
) |
| Balance at 31 May 2016 | ( |
) |
| 7. | RELATED PARTY DISCLOSURES |
| At the balance sheet date the company owed £198,322 (2015 : £5,632) to Independent Derivative Traders Ltd. |
| No interest was charged on this amount. M Rossi is a director of this company. |
| At the balance sheet date the company owed £36,450 (2015 : £11,450) to Futex Investment & Trading Academy |
| Ltd. No interest was charged on this amount. M Rossi is a director of this company. |
| 8. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |