Future Direction Consultancy Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07669008 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2017

for

Future Direction Consultancy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr N Kelly

REGISTERED OFFICE:

Thorn Lodge

110 Mannamead Road

Mannamead

Plymouth

Devon

PL3 5QH

REGISTERED NUMBER:

07669008 (England and Wales)

ACCOUNTANTS:

Prydis Accounts Limited

Chartered Accountants

The Parade

Liskeard

Cornwall

PL14 6AF

FIXED ASSETS

Tangible assets

4

433

542

CURRENT ASSETS

Debtors

5

268

-

Cash at bank

3,257

23,429

3,525

23,429

CREDITORS

Amounts falling due within one year

6

3,859

23,787

NET CURRENT LIABILITIES

(334

)

(358

)

TOTAL ASSETS LESS CURRENT LIABILITIES

99

184

PROVISIONS FOR LIABILITIES

87

108

NET ASSETS

12

76

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

10

74

SHAREHOLDERS' FUNDS

12

76

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 Profit and loss has not been delivered.

The financial statements were approved by the director on 30 November 2017 and were signed by:

Mr N Kelly - Director

1.	STATUTORY INFORMATION

Future Direction Consultancy 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.

The company has the continued support of its director and as a result the director has assessed that there are

no material uncertainties which may cast significant doubt about the company's ability to continue. As a result,

the financial statements have been prepared using the going concern basis of accounting.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2016

and 30 June 2017

1,034

DEPRECIATION

At 1 July 2016

492

Charge for year

109

At 30 June 2017

601

NET BOOK VALUE

At 30 June 2017

433

At 30 June 2016

542

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Other debtors

268

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade creditors

37

-

Corporation Tax

120

5,982

Directors' current accounts

2,802

16,143

Accrued expenses

900

1,662

3,859

23,787

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within creditors is a balance of £2,802 (2016 - £16,143) owed to the director. This balance bears no

interest and no formal settlement terms.

8.	ULTIMATE CONTROLLING PARTY