Focus Business Management Limited - Accounts to registrar (filleted) - small 18.2

Focus Business Management Limited - Accounts to registrar (filleted) - small 18.2

FOCUS BUSINESS MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 01296905 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2018

for

Focus Business Management Limited
Focus Business Management Limited (Registered number: 01296905)






Contents of the Financial Statements
for the Year Ended 28 February 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 5


Focus Business Management Limited

Company Information
for the Year Ended 28 February 2018







DIRECTORS: Mr R C Smallwood
Mr A J Taylor



SECRETARY: Mr S H Pennington



REGISTERED OFFICE: Bridle House
36 Bridle Lane
London
W1F 9BZ



REGISTERED NUMBER: 01296905 (England and Wales)



BANKERS: Bank of Scotland
1st Floor
New Uberior House
11 Earl Grey Street
Edinburgh
EH3 9BN
Page 1
Focus Business Management Limited (Registered number: 01296905)

Balance Sheet
28 February 2018

28.2.18 28.2.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,567 -
Tangible assets 5 - 805
1,567 805

CURRENT ASSETS
Debtors 6 517,880 355,457
Cash at bank 102,520 50,375
620,400 405,832
CREDITORS
Amounts falling due within one year 7 306,869 118,384
NET CURRENT ASSETS 313,531 287,448
TOTAL ASSETS LESS CURRENT
LIABILITIES
315,098
288,253

PROVISIONS FOR LIABILITIES - 42
NET ASSETS 315,098 288,211

CAPITAL AND RESERVES
Called up share capital 101 101
Share premium 1,093,739 1,093,739
Retained earnings (778,742 ) (805,629 )
SHAREHOLDERS' FUNDS 315,098 288,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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...
Focus Business Management Limited (Registered number: 01296905)

Balance Sheet - continued
28 February 2018


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 notes form part of these financial statements

Page 3 continued...
Focus Business Management Limited (Registered number: 01296905)

Balance Sheet - continued
28 February 2018



The financial statements were approved by the Board of Directors on 13 November 2018 and were
signed on its behalf by:





Mr A J Taylor - Director


The notes form part of these financial statements

Page 4
Focus Business Management Limited (Registered number: 01296905)

Notes to the Financial Statements
for the Year Ended 28 February 2018

1. STATUTORY INFORMATION

Focus Business Management 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.

Intangible assets
Stamp duty and relating legal fees are amortised evenly over the term of the lease of 60
months.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following basis:

Fixtures & fittings - Depreciated over the remaining life of the lease (being 28 months from
March 2015 to June 2017).

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.

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.

Page 5 continued...
Focus Business Management Limited (Registered number: 01296905)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

2. ACCOUNTING POLICIES - continued

Turnover
Turnover comprises revenue recognised by the company in respect of goods and services
supplied during the year, exclusive of Value Added Tax and trade discounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 1,826
At 28 February 2018 1,826
AMORTISATION
Charge for year 259
At 28 February 2018 259
NET BOOK VALUE
At 28 February 2018 1,567

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2017
and 28 February 2018 11,372
DEPRECIATION
At 1 March 2017 10,567
Charge for year 805
At 28 February 2018 11,372
NET BOOK VALUE
At 28 February 2018 -
At 28 February 2017 805

Page 6 continued...
Focus Business Management Limited (Registered number: 01296905)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Trade debtors 304,163 131,383
Amounts owed by group undertakings 199,868 184,899
Other debtors 10,843 39,175
Prepayments and accrued income 3,006 -
517,880 355,457

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Trade creditors 270,213 91,432
Tax 2,270 -
Social security and other taxes - 7,094
VAT 26,292 16,191
Accruals and deferred income 8,094 3,667
306,869 118,384

8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland', not to disclose related party transactions with wholly owned subsidiaries within the
group.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are A J Taylor and R C Smallwood, shareholders of the
parent company Phantom Music Management Ltd.

10. PENSION

The company is a member of The Phantom Music Management Limited group personal
pension scheme, the assets of which are held separately for each employee in an
independently administered fund. The pension cost charge represents contributions payable
by the company and amounted to £54,970 (2017: £37,411). No contributions remained
payable at the year end date.

Page 7