Company Registration No. SC181954 (Scotland)
Futura Investments Limited
Unaudited accounts
for the year ended 31 December 2019
Futura Investments Limited
Unaudited accounts
Contents
Futura Investments Limited
Company Information
for the year ended 31 December 2019
Directors
Paul Shanahan
Paul Vavangus
Company Number
SC181954 (Scotland)
Registered Office
12 Carden Place
Aberdeen
AB10 1UR
Futura Investments Limited
Statement of financial position
as at
31 December 2019
Intangible assets
77,000
98,000
Tangible assets
6,008
4,906
Cash at bank and in hand
(2,135)
32,209
Creditors: amounts falling due within one year
(14,147)
(23,808)
Net current assets
76,479
46,962
Total assets less current liabilities
159,487
149,868
Creditors: amounts falling due after more than one year
(17,032)
-
Net assets
142,455
149,868
Called up share capital
15,000
15,000
Profit and loss account
127,455
134,868
Shareholders' funds
142,455
149,868
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2020 and were signed on its behalf by
Paul Shanahan
Director
Company Registration No. SC181954
Futura Investments Limited
Notes to the Accounts
for the year ended 31 December 2019
Futura Investments Limited is a private company, limited by shares, registered in Scotland, registration number SC181954. The registered office is 12 Carden Place, Aberdeen, AB10 1UR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Fixtures & fittings
20% straight line
Computer equipment
25% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 1 January 2019
210,000
At 31 December 2019
210,000
At 1 January 2019
112,000
Charge for the year
21,000
At 31 December 2019
133,000
At 31 December 2019
77,000
At 31 December 2018
98,000
Futura Investments Limited
Notes to the Accounts
for the year ended 31 December 2019
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2019
14,179
2,250
15,352
31,781
Additions
75
-
3,462
3,537
At 31 December 2019
14,254
2,250
18,814
35,318
At 1 January 2019
13,839
1,466
11,570
26,875
Charge for the year
85
562
1,788
2,435
At 31 December 2019
13,924
2,028
13,358
29,310
At 31 December 2019
330
222
5,456
6,008
At 31 December 2018
340
784
3,782
4,906
Trade debtors
27,740
19,075
Accrued income and prepayments
60,336
2,462
7
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
-
8,976
Trade creditors
13,259
4,816
Taxes and social security
45,327
31,422
Other creditors
4,884
(34,331)
Loans from directors
(49,323)
-
8
Creditors: amounts falling due after more than one year
2019
2018
9
Average number of employees
During the year the average number of employees was 0 (2018: 0).