Firm Focus Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04821526 (England and Wales)

Unaudited Financial Statements

for the Period 1 August 2016 to 31 October 2017

for

Firm Focus Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Norman David Cave

Mrs Karen Myra Cave

SECRETARY:

Mrs Karen Myra Cave

REGISTERED OFFICE:

Caryn March Accountants Limited

Landguard Manor

Landguard Manor Road

Shanklin

Isle of Wight

PO37 7JB

REGISTERED NUMBER:

04821526 (England and Wales)

ACCOUNTANTS:

Caryn March Accountants Limited

Landguard Manor

Landguard Manor Road

Shanklin

Isle of Wight

PO37 7JB

BANKERS:

Santander UK Plc

301 St Vincent Street

Glasgow

G2 5NT

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

208

208

CURRENT ASSETS

Cash at bank

11,804

CREDITORS

Amounts falling due within one year

6

9,143

NET CURRENT ASSETS

2,661

TOTAL ASSETS LESS CURRENT LIABILITIES

2,869

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

2,769

SHAREHOLDERS' FUNDS

2,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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 21 February 2018 and were signed on its behalf by:

Mrs Karen Myra Cave - Director

Mr Norman David Cave - Director

1.	STATUTORY INFORMATION

Firm Focus 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 represents invoiced sales of services, inclusive of VAT, except in respect of service contracts where turnover is

recognised when the Company obtains the right to consideration.

The Company operates the VAT Flat Rate Scheme.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Equipment

-

33% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2016

and 31 October 2017

7,500

AMORTISATION

At 1 August 2016

and 31 October 2017

7,500

NET BOOK VALUE

At 31 October 2017

-

At 31 July 2016

-

5.	TANGIBLE FIXED ASSETS

Equipment

£

COST

At 1 August 2016

2,003

Additions

312

At 31 October 2017

2,315

DEPRECIATION

At 1 August 2016

2,003

Charge for period

104

At 31 October 2017

2,107

NET BOOK VALUE

At 31 October 2017

208

At 31 July 2016

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Corporation tax

1,289

Directors' current accounts

660

Accruals and deferred income

7,194

9,143

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 October 2017:

£

Mr Norman David Cave

Balance outstanding at start of period

(1,309

)

Amounts advanced

1,309

Amounts repaid

(330

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(330

)

Mrs Karen Myra Cave

Balance outstanding at start of period

(609

)

Amounts advanced

609

Amounts repaid

(330

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(330

)

8.	ULTIMATE CONTROLLING PARTY

The Company is under the control of Mr Norman Cave and Mrs Karen Cave, who own 100% of the shares.