Company Registration No. 08801037 (England and Wales)
Futuretel Limited
Unaudited accounts
for the year ended 31 December 2019
Futuretel Limited
Unaudited accounts
Contents
Futuretel Limited
Company Information
for the year ended 31 December 2019
Company Number
08801037 (England and Wales)
Registered Office
9 WESTLINK, BELBINS BUSINESS PARK
CUPERNHAM LANE
ROMSEY
HAMPSHIRE
SO51 7AA
Futuretel Limited
Statement of financial position
as at
31 December 2019
Tangible assets
91,345
6,919
Cash at bank and in hand
41,494
92,720
Creditors: amounts falling due within one year
(457,029)
(695,344)
Net current liabilities
(380,526)
(528,891)
Net liabilities
(289,181)
(521,972)
Called up share capital
100
100
Profit and loss account
(289,281)
(522,072)
Shareholders' funds
(289,181)
(521,972)
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 director acknowledges his 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.
Approved by the Board on 20 April 2020.
Mark Blackwell
Director
Company Registration No. 08801037
Futuretel Limited
Notes to the Accounts
for the year ended 31 December 2019
Futuretel Limited is a private company, limited by shares, registered in England and Wales, registration number 08801037. The registered office is 9 WESTLINK, BELBINS BUSINESS PARK, CUPERNHAM LANE, ROMSEY, HAMPSHIRE, SO51 7AA.
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% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2019
8,295
-
4,145
12,440
Additions
82,455
20,998
11,421
114,874
At 31 December 2019
90,750
20,998
15,566
127,314
At 1 January 2019
3,222
-
2,299
5,521
Charge for the year
21,882
5,249
3,317
30,448
At 31 December 2019
25,104
5,249
5,616
35,969
At 31 December 2019
65,646
15,749
9,950
91,345
At 31 December 2018
5,073
-
1,846
6,919
Futuretel Limited
Notes to the Accounts
for the year ended 31 December 2019
Trade debtors
20,105
63,733
Other debtors
14,904
10,000
6
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
78,820
-
Obligations under finance leases and hire purchase contracts
16,159
-
Trade creditors
87,942
306,096
Taxes and social security
79,958
90,386
Other creditors
58,150
298,862
Loans from directors
136,000
-
7
Transactions with related parties
The company owes the Director Mark Blackwell £136,000.
8
Average number of employees
During the year the average number of employees was 26 (2018: 22).