Future Drinks Company Limited - Accounts to registrar - small 17.2

Future Drinks Company Limited - Accounts to registrar - small 17.2

FUTURE DRINKS COMPANY LTD - Company Information

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REGISTERED NUMBER: 07163138 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

FUTURE DRINKS COMPANY LIMITED

FUTURE DRINKS COMPANY LIMITED (REGISTERED NUMBER: 07163138)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

FUTURE DRINKS COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2017







DIRECTORS: T Chater
L Sapsed





REGISTERED OFFICE: 4 Clifton Road
Clifton
Bristol
BS8 1AG





REGISTERED NUMBER: 07163138 (England and Wales)





ACCOUNTANTS: PJE Chartered Accountants
4 Clifton Road
Clifton
Bristol
BS8 1AG
Page 1
FUTURE DRINKS COMPANY LIMITED (REGISTERED NUMBER: 07163138)

BALANCE SHEET
28 FEBRUARY 2017

28.2.17 29.2.16
Notes £    £   
CURRENT ASSETS
Debtors 3 609 609
Cash at bank 88 88
697 697
CREDITORS
Amounts falling due within one year 4 46,800 46,800
NET CURRENT LIABILITIES (46,103 ) (46,103 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(46,103
)
(46,103
)

CREDITORS
Amounts falling due after more than one
year
5
45,900
45,900
NET LIABILITIES (92,003 ) (92,003 )

CAPITAL AND RESERVES
Called up share capital 488 488
Share premium 527,680 527,680
Retained earnings (620,171 ) (620,171 )
SHAREHOLDERS' FUNDS (92,003 ) (92,003 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 notes form part of these financial statements

Page 2 continued...
FUTURE DRINKS COMPANY LIMITED (REGISTERED NUMBER: 07163138)

BALANCE SHEET - continued
28 FEBRUARY 2017


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 30 November 2017 and were signed on
its behalf by:





L Sapsed - Director


The notes form part of these financial statements

Page 3
FUTURE DRINKS COMPANY LIMITED (REGISTERED NUMBER: 07163138)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017


1. STATUTORY INFORMATION

Future Drinks Company 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.

Taxation
Taxation for the year 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 year 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.

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.17 29.2.16
£    £   
Other debtors 609 609

Page 4 continued...
FUTURE DRINKS COMPANY LIMITED (REGISTERED NUMBER: 07163138)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2017


4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.17 29.2.16
£    £   
Bank loans and overdrafts 20,000 20,000
Trade creditors 10,042 10,042
Taxation and social security 9,890 9,890
Other creditors 6,868 6,868
46,800 46,800

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.17 29.2.16
£    £   
Bank loans 45,900 45,900

6. SECURED DEBTS

The following secured debts are included within creditors:

28.2.17 29.2.16
£    £   
Bank loans 65,900 65,900

The bank loan is secured by a debenture held by HSBC Bank PLC over the assets of the company and
by a personal guarantee given by the directors.

7. RELATED PARTY DISCLOSURES

Included within creditors are directors' loan accounts in the sum of £6,268 (2016: £6,268) due to the directors , T Chater and L Sapsed. The loans outstanding at the year end are £4,218 (2016: £4,218) due
to T Chater and £2,050 (2016: £2,050) due to L Sapsed . The amounts are unsecured and carry no
fixed date of repayment.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.

Page 5
FUTURE DRINKS COMPANY LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
FUTURE DRINKS COMPANY LIMITED


The following reproduces the text of the report prepared for the directors and members in respect of
the company's annual unaudited financial statements. In accordance with the Companies Act 2006,
the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement
and certain other primary statements and the Report of the Directors are not required to be filed with
the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2017 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






PJE Chartered Accountants
4 Clifton Road
Clifton
Bristol
BS8 1AG


30 November 2017

This page does not form part of the statutory financial statements

Page 6