Future Inclusion Limited
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Notes to the Accounts |
for the year ended 30 June 2021
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses.
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Fixtures, fittings, tools and equipment |
25% Reducing Balance |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate.
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2 |
Employees |
2021 |
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2020 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 July 2020 |
27,142 |
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Additions |
408 |
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At 30 June 2021 |
27,550 |
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Depreciation |
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At 1 July 2020 |
19,266 |
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Charge for the year |
2,071 |
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At 30 June 2021 |
21,337 |
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Net book value |
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At 30 June 2021 |
6,213 |
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At 30 June 2020 |
7,876 |
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4 |
Debtors |
2021 |
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2020 |
£ |
£ |
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Trade debtors |
2,758 |
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4,173 |
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Other debtors |
1,354 |
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- |
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4,112 |
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4,173 |
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5 |
Creditors: amounts falling due within one year |
2021 |
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2020 |
£ |
£ |
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Trade creditors |
605 |
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311 |
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Taxation and social security costs |
1,207 |
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9,191 |
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Other creditors |
27,502 |
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27,435 |
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29,314 |
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36,937 |
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6 |
Other information |
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Future Inclusion Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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The Bristol Office 2nd Floor |
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5 High Street |
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Westbury-On-Trym |
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Bristol |
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BS9 3BY |