Registered Number 01296905
FOCUS BUSINESS MANAGEMENT LIMITED
Abbreviated Accounts
28 February 2015
Notes | 28/02/2015 | 30/09/2014 | |
---|---|---|---|
£ | £ | ||
Called up share capital not paid |
|
|
|
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|
||
Current assets | |||
Debtors | 3 |
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
|
|
|
Total assets less current liabilities |
|
|
|
Provisions for liabilities |
( |
|
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
Share premium account |
|
|
|
Profit and loss account |
( |
( |
|
Shareholders' funds |
|
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Fixtures & fittings - 25% straight line
No depreciation is provided for in the period end 28 February 2015 accounts as the asset was completed and ready for use on the 28 February 2015. Depreciation of this asset will start from the 01 March 2015.
Other accounting policies
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.
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.
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.
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.
Deferred tax assets and liabilities are not discounted.
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.
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 £14,545 [2014: £24,012}. No contributions remained payable at the year end date.
Ultimate parent company
Phantom Music Management Limited is regarded by the directors as being the company's ultimate parent company
£ | |
---|---|
Cost | |
At 1 October 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 28 February 2015 |
|
Depreciation | |
At 1 October 2014 |
|
Charge for the year |
|
On disposals |
|
At 28 February 2015 |
|
Net book values | |
At 28 February 2015 | 5,139 |
At 30 September 2014 | 0 |
28/02/2015
£ |
30/09/2014
£ |
|
---|---|---|
Debtors include the following amounts due after more than one year |
|
|