Company registration number:
05231485
UKFTB. Com Limited
Information for Filing with The Registrar
30 June 2021
UKFTB. Com Limited
Contents
Abridged statement of financial position
Notes to the financial statements
UKFTB. Com Limited
Abridged statement of financial position
30 June 2021
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2021
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2020
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Note
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£
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£
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£
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£
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Fixed assets
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Tangible assets
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4
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3,089
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3,089
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_______
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_______
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3,089
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3,089
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Current assets
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Cash at bank and in hand
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524
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524
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_______
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_______
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524
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524
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Creditors: amounts falling due
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within one year
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(
82,617)
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(
82,617)
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_______
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_______
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Net current liabilities
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(
82,093)
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(
82,093)
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_______
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_______
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Total assets less current liabilities
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(
79,004)
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(
79,004)
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_______
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_______
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Net liabilities
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(
79,004)
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(
79,004)
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_______
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_______
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Capital and reserves
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Called up share capital
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5
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1
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1
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Profit and loss account
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(
79,005)
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(
79,005)
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_______
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_______
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Shareholders deficit
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(
79,004)
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(
79,004)
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_______
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_______
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The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 30 June 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
-
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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 30 June 2021 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the
board of directors
and authorised for issue on
04 August 2021
, and are signed on behalf of the board by:
Bruno A Welch
Director
Company registration number:
05231485
UKFTB. Com Limited
Notes to the financial statements
Year ended 30 June 2021
1.
General information
The company is a private company limited by shares, registered in the UK. The address of the registered office is 30 Winton Crescent, Croxley Green, Rickmansworth, Hertfordshire, WD3 3QX.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. The Triennial review 2017 amendments to the standard have been early adopted.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement policy
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in equity during the current year or prior year.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
4.
Tangible assets
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£
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Cost
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At 1 July 2020 and 30 June 2021
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3,089
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_______
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Depreciation
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At 1 July 2020 and 30 June 2021
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-
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_______
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Carrying amount
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At 30 June 2021
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3,089
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_______
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At 30 June 2020
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3,089
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_______
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5.
Called up share capital
Issued, called up and fully paid
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2021
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2020
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No
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£
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No
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£
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Ordinary
shares of £
1.00 each
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1
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1
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1
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1
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_______
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_______
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_______
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_______
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