N D Future Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 01034847 (England and Wales)

Unaudited Financial Statements

for the Period 1 August 2016 to 5 April 2017

for

N D Future Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Byass

Mrs J Byass

SECRETARY:

Mrs J Byass

REGISTERED OFFICE:

North Dalton Manor

North Dalton

Driffield

East Yorkshire

YO25 9UX

REGISTERED NUMBER:

01034847 (England and Wales)

ACCOUNTANTS:

Try Lunn & Co

Chartered Accountants

Roland House

Princes Dock Street

HULL HU1 2LD

FIXED ASSETS

Tangible assets

4

-

3,783

Investments

5

294,100

258,785

294,100

262,568

CURRENT ASSETS

Debtors

6

78

104

Cash at bank

87,330

114,526

87,408

114,630

CREDITORS

Amounts falling due within one year

7

6,798

3,577

NET CURRENT ASSETS

80,610

111,053

TOTAL ASSETS LESS CURRENT LIABILITIES

374,710

373,621

PROVISIONS FOR LIABILITIES

-

757

NET ASSETS

374,710

372,864

CAPITAL AND RESERVES

Called up share capital

35,750

35,750

Retained earnings

8

338,960

337,114

SHAREHOLDERS' FUNDS

374,710

372,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 5 April 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 5 April 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 2 October 2017 and were signed on its behalf by:

R A Byass - Director

1.	STATUTORY INFORMATION

N D Future Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

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

Plant and machinery etc

-

33% on cost and 10% on cost

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2016

37,374

Disposals

(37,374

)

At 5 April 2017

-

DEPRECIATION

At 1 August 2016

33,591

Eliminated on disposal

(33,591

)

At 5 April 2017

-

NET BOOK VALUE

At 5 April 2017

-

At 31 July 2016

3,783

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST

At 1 August 2016

258,785

Additions

152,449

Disposals

(117,134

)

At 5 April 2017

294,100

NET BOOK VALUE

At 5 April 2017

294,100

At 31 July 2016

258,785

Market value of listed investments at 5 April 2017 - £ 329,496 (2016 - £ 259,547 ).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

78

104

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

1

1

Taxation and social security

1,044

2,076

Other creditors

5,753

1,500

6,798

3,577

8.

RESERVES

Retained

earnings

£

At 1 August 2016

337,114

Profit for the period

1,846

At 5 April 2017

338,960

9.	RELATED PARTY DISCLOSURES

At 31 July 2017 £ Nil (2016 - £48) was owed by R A Byass a director, to the company.

At 31 July 2017 £3,952 (2016 - Nil) was owed to J Byass a director, from the company.

10.	CONTROLLING PARTY

The company is controlled by Mr and Mrs R A Byass, the majority shareholders and directors.

11.	TRANSITION TO FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1

August 2015.

Reconciliation of equity

No transitional adjustments were required.

Reconciliation of profit or loss for the year

No transitional adjustments were required.