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Abbreviated Unaudited Accounts for the Year Ended 29 February 2016 |
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Focus Business Management Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 29 February 2016 |
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for |
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Focus Business Management Limited |
Focus Business Management Limited (Registered number: 01296905) |
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Contents of the Abbreviated Accounts |
for the Year Ended 29 February 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Focus Business Management Limited |
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Company Information |
for the Year Ended 29 February 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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BANKERS: |
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Focus Business Management Limited (Registered number: 01296905) |
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Abbreviated Balance Sheet |
29 February 2016 |
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29.2.16 | 28.2.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors | 3 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Share premium |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS |
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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. |
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Focus Business Management Limited (Registered number: 01296905) |
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Abbreviated Balance Sheet - continued |
29 February 2016 |
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The financial statements were approved by the Board of Directors on
signed on its behalf by: |
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Focus Business Management Limited (Registered number: 01296905) |
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Notes to the Abbreviated Accounts |
for the Year Ended 29 February 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in |
accordance with applicable accounting standards. |
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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the |
company qualifies as a small company. |
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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: |
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Fixtures & fittings - Depreciated over the remaining life of the lease (for the year ending |
28 February 2016 this was 28 months). |
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No depreciation was provided for in the period ending 28 February 2015 accounts as the |
asset was not completed and ready for use on the 28 February 2015. Depreciation of this |
asset started from the 01 March 2015. |
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Deferred tax |
Full provision is made for deferred tax assets and liabilities arising from all timing differences |
between the recognition of gains and losses in the financial statements and recognition in |
the tax computation. |
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A net deferred tax asset is recognised only if it can be regarded as more likely than not that |
there will be suitable taxable profits from which the future reversal of the underling timing |
differences can be deducted. |
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Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at |
the time the timing differences are expected to reverse. |
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Deferred tax assets and liabilities are not discounted. |
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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 the profit and loss account in the period to which |
they relate. |
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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. |
Focus Business Management Limited (Registered number: 01296905) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 29 February 2016 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 March 2015 |
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Additions |
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At 29 February 2016 |
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DEPRECIATION |
At 1 March 2015 |
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Charge for year |
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At 29 February 2016 |
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NET BOOK VALUE |
At 29 February 2016 |
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At 28 February 2015 |
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3. |
DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR |
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The aggregate total of debtors falling due after more than one year is £
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 29.2.16 | 28.2.15 |
value: | £ | £ |
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Ordinary | 1 |
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5. | ULTIMATE PARENT COMPANY |
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ultimate parent company. |
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6. | PENSION |
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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 £38,009 [2015: £14,545\. No contributions remained |
payable at the year end date. |