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FUTURE SELECT LIMITED
ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2012
30 September 2012
COMPANY REGISTRATION NO. 05262712 (England and Wales)
FUTURE SELECT LIMITED
CONTENTS
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Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
FUTURE SELECT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2012
30 September 2012
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.
2012
2011
Notes
£
£
£
£
Fixed assets
Tangible assets
2
8,405
9,194
Investments
2
100
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.
8,505
9,194
Current assets
Debtors
98,525
149,144
Cash at bank and in hand
112,992
66,756
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211,517
215,900
Creditors: amounts falling due within one year
(83,041)
(89,348)
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.
Net current assets
128,476
126,552
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.
Total assets less current liabilities
136,981
135,746
Provisions for liabilities
(1,392)
(1,462)
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135,589
134,284
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Capital and reserves
Called up share capital
3
100
100
Profit and loss account
135,489
134,184
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Shareholders' funds
135,589
134,284
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FUTURE SELECT LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2012
30 September 2012
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For the financial year ended 30 September 2012 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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;
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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 15 March 2013
Mr C C De Souza
Director
Company Registration No. 05262712
FUTURE SELECT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2012
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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
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
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.7
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 2012
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2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 October 2011
12,184
-
12,184
Additions
2,766
100
2,866
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.
At 30 September 2012
14,950
100
15,050
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Depreciation
At 1 October 2011
2,990
-
2,990
Charge for the year
3,555
-
3,555
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.
At 30 September 2012
6,545
-
6,545
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Net book value
At 30 September 2012
8,405
100
8,505
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At 30 September 2011
9,194
9,194
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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
2012
2012
Principal activity
£
£
Synergy Plus Recruitment Limited
Recruitment Consultants
(891)
(991)
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3
Share capital
2012
2011
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
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