Foundation Focus Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 10346059 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

25 AUGUST 2016 TO 31 DECEMBER 2017

FOR

FOUNDATION FOCUS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Cottingham

Ms P J Wellings NNEB BA(Hons) EYT

SECRETARY:

MBK Training Ltd

REGISTERED OFFICE:

Millennium House

High Street

Studley

Warwickshire

B80 7HJ

REGISTERED NUMBER:

10346059 (England and Wales)

ACCOUNTANTS:

Williams, Ashton & Anderson Limited

359 Yardley Road

Yardley

Birmingham

West Midlands

B25 8NB

FIXED ASSETS

Tangible assets

3

980

CURRENT ASSETS

Stocks

6,520

Debtors

4

425

Cash at bank and in hand

7,204

14,149

CREDITORS

Amounts falling due within one year

5

8,271

NET CURRENT ASSETS

5,878

TOTAL ASSETS LESS CURRENT LIABILITIES

6,858

PROVISIONS FOR LIABILITIES

6

186

NET ASSETS

6,672

CAPITAL AND RESERVES

Called up share capital

7

1

Retained earnings

8

6,671

SHAREHOLDERS' FUNDS

6,672

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 9 May 2018 and were signed on its behalf by:

Ms P J Wellings NNEB BA(Hons) EYT - Director

1.	STATUTORY INFORMATION

Foundation 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 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.

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

1,153

At 31 December 2017

1,153

DEPRECIATION

Charge for period

173

At 31 December 2017

173

NET BOOK VALUE

At 31 December 2017

980

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Called up share capital not paid

1

Prepayments

424

425

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

5,810

Amounts owed to group undertakings

505

Tax

1,416

Accrued expenses

540

8,271

6.	PROVISIONS FOR LIABILITIES

£

Deferred tax

186

Deferred

tax

£

Provided during period

186

Balance at 31 December 2017

186

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

8.

RESERVES

Retained

earnings

£

Profit for the period

6,671

At 31 December 2017

6,671

9.	RELATED PARTY DISCLOSURES

During the period ended 31 December 2017, the company was charged rent of £3,000 by Plan B

Ventures Ltd, a company in which both Mr P Cottingham and Ms P J Wellings have a material

shareholding.

At 31 December 2017, an amount was owed to the parent company MBK Training Ltd of £505.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is MBK Training Ltd, who owns 100% of the shares in Foundation Focus

Limited.

Both Mr P Cottingham and Ms P J Wellings also have material shareholdings in MBK Training Ltd.