FUTURE SELECT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2013
COMPANY REGISTRATION NO. 05262712 (England and Wales)
FUTURE SELECT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 5
FUTURE SELECT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2013
30 September 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Intangible assets
2
1,615
Tangible assets
2
5,096
8,405
Investments
2
100
100
6,811
8,505
Current assets
Debtors
126,999
98,525
Cash at bank and in hand
226,521
112,992
353,520
211,517
Creditors: amounts falling due within one year
(115,907)
(83,041)
Net current assets
237,613
128,476
Total assets less current liabilities
244,424
136,981
Provisions for liabilities
(769)
(1,392)
243,655
135,589
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
243,555
135,489
Shareholders' funds
243,655
135,589
FUTURE SELECT LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2013
30 September 2013
- 2 -
For the financial year ended 30 September 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 19 March 2014
Mr C C De Souza
Director
Company Registration No. 05262712
FUTURE SELECT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2013
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Trade mark
Trade marks are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Office equipment
25% straight line
1.6
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.7
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.8
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
FUTURE SELECT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2013
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Investments
Total
£
£
£
£
Cost
At 1 October 2012
14,950
100
15,050
Additions
1,794
-
-
1,794
At 30 September 2013
1,794
14,950
100
16,844
Depreciation
At 1 October 2012
6,545
-
6,545
Charge for the year
179
3,309
-
3,488
At 30 September 2013
179
9,854
-
10,033
Net book value
At 30 September 2013
1,615
5,096
100
6,811
At 30 September 2012
8,405
100
8,505
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Synergy Plus Recruitment Limited
England
Ordinary
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2013
2013
Principal activity
£
£
Synergy Plus Recruitment Limited
Recruitment Consultants
(832)
159
FUTURE SELECT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2013
- 5 -
3
Share capital
2013
2012
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100