Company registration number:
NI612168
Foresight Solutions (2012) Limited
Unaudited filleted financial statements
31 March 2020
Foresight Solutions (2012) Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Foresight Solutions (2012) Limited
Directors and other information
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Director
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Mr Brian Sheehan
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Company number
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NI612168
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Registered office
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12 Temple Road
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Garvagh
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Coleraine
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BT51 5BH
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Accountants
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Weir & Co
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27 High Street
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Moneymore
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Magherafelt
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BT46 5PA
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Foresight Solutions (2012) Limited
Report to the director on the preparation of the
unaudited statutory financial statements of Foresight Solutions (2012) Limited
Year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Foresight Solutions (2012) Limited for the year ended 31 March 2020 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.
This report is made solely to the director of Foresight Solutions (2012) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Foresight Solutions (2012) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Foresight Solutions (2012) Limited and its director as a body for our work or for this report.
It is your duty to ensure that Foresight Solutions (2012) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Foresight Solutions (2012) Limited. You consider that Foresight Solutions (2012) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Foresight Solutions (2012) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Weir & Co
Chartered Accountants
27 High Street
Moneymore
Magherafelt
BT46 5PA
23 December 2020
Foresight Solutions (2012) Limited
Statement of financial position
31 March 2020
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2020
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2019
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£
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£
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Fixed assets
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927
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1,391
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_______
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_______
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Current assets
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177,253
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167,283
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Creditors: amounts falling due within one year
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(
19,527)
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(
18,437)
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_______
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_______
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Net current assets
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157,726
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148,846
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_______
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_______
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Total assets less current liabilities
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158,653
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150,237
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Creditors: amounts falling due after more than one year
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(
3,749)
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17,164)
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Net assets
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154,904
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133,073
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Capital and reserves
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154,904
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133,073
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Foresight Solutions (2012) Limited
Year ended 31 March 2020
Notes to the financial statements
1.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2019:
1
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2.
Directors advances, credits and guarantees
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During the year the director entered into the following advances and credits with the company:
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2020
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Balance brought forward
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Advances /(credits) to the director
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Balance o/standing
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£
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£
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£
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Mr Brian Sheehan
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(
17,164)
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13,415
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(
3,749)
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2019
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Balance brought forward
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Advances /(credits) to the director
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Balance o/standing
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£
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£
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£
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Mr Brian Sheehan
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(
114)
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(
17,050)
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(
17,164)
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Brian Sheehan is a company director and has a direct interest in 100% of the company's equity share capital. The balance owed to Brian Sheehan on the director's loan account at 31 March 2020 was £3, 749 (31 March 2019 £17,164). No interest has been charged on this outstanding amount.
For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
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The members have not required the company to obtain an audit of its accounts 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 accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
23 December 2020
, and are signed on behalf of the board by:
Mr Brian Sheehan
Director
The company is a private company limited by shares, registered in Northern Ireland.