IRIS Accounts Production
v18.2.1.62
04467069
Board of Directors
Board of Directors
1.1.17
31.12.17
31.12.17
12.9.18
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Auditors Opinion
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04467069
2016-12-31
04467069
2017-12-31
04467069
2017-01-01
2017-12-31
04467069
2015-12-31
04467069
2016-01-01
2016-12-31
04467069
2016-12-31
04467069
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2017-01-01
2017-12-31
04467069
ns14:PoundSterling
2017-01-01
2017-12-31
04467069
ns10:Director1
2017-01-01
2017-12-31
04467069
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2017-01-01
2017-12-31
04467069
ns10:PrivateLimitedCompanyLtd
2017-01-01
2017-12-31
04467069
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2017-12-31
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2017-01-01
2017-12-31
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2017-12-31
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2017-01-01
2017-12-31
04467069
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2017-12-31
04467069
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2017-12-31
04467069
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2016-12-31
04467069
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2017-12-31
04467069
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2016-12-31
04467069
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2017-12-31
04467069
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2016-12-31
04467069
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2017-12-31
04467069
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2016-12-31
04467069
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2017-01-01
2017-12-31
04467069
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2017-12-31
04467069
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2017-12-31
04467069
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2016-12-31
04467069
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2017-12-31
04467069
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2016-12-31
04467069
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2017-12-31
04467069
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2016-12-31
04467069
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2017-12-31
04467069
ns5:AllPeriods
2016-12-31
REGISTERED NUMBER:
04467069
(England and Wales)
|
FOR THE YEAR ENDED 31 DECEMBER 2017
|
Notes to the Financial Statements
|
3
|
|
|
REGISTERED OFFICE:
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89 High Street
|
|
BUSINESS ADDRESS:
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Via Della Pila 13
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REGISTERED NUMBER:
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04467069 (England and Wales)
|
Tangible assets
|
4
|
1,221
|
|
-
|
|
|
Debtors
|
5
|
127,096
|
|
284,553
|
|
|
Cash at bank and in hand
|
314,463
|
|
28,915
|
|
|
Amounts falling due within one year
|
6
|
264,117
|
|
118,290
|
|
|
NET CURRENT ASSETS
|
177,442
|
|
195,178
|
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES
|
178,663
|
|
195,178
|
|
|
Amounts falling due after more than one
year
|
7
|
-
|
|
(90,000
|
) |
|
PROVISIONS FOR LIABILITIES
|
(46
|
) |
-
|
|
|
NET ASSETS
|
178,617
|
|
105,178
|
|
|
Called up share capital
|
2
|
|
2
|
|
|
Retained earnings
|
178,615
|
|
105,176
|
|
|
SHAREHOLDERS' FUNDS
|
178,617
|
|
105,178
|
|
|
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on
11 September 2018 and were signed on
its behalf by:
|
|
Finantix Limited is a
private company, limited by shares , registered in England and Wales. The
|
|
company's registered number and registered office address can be found on the Company Information
|
|
The presentation currency of the financial statements is the Pound Sterling (£).
|
|
Basis of preparing the financial statements
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|
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
|
Turnover represents the fair value of services provided during the year on client assignments.
|
|
Turnover is recognised as contract activity progresses and the right to consideration is earned.
|
|
Turnover excludes Value Added Tax. Unbilled turnover on individual client assignments is included as
|
|
accrued income within debtors. Where individual on-account billings exceed revenue recognised on
|
|
client assignments, the excess is classified as deferred income within creditors.
|
|
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
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Plant and machinery etc
|
-
|
33% on cost |
|
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
|
|
except to the extent that it relates to items recognised in other comprehensive income or directly in
|
|
Current or deferred taxation assets and liabilities are not discounted.
|
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
|
|
enacted or substantively enacted by the balance sheet date.
|
|
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
|
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods
|
|
different from those in which they are recognised in financial statements. Deferred tax is measured
|
|
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
|
|
expected to apply to the reversal of the timing difference.
|
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
|
|
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
|
|
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at
|
|
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of
|
|
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
|
|
Hire purchase and leasing commitments
|
|
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the
|
|
The accounts have been prepared on the going concern basis on the assumption of continuing
|
|
financial support from the ultimate parent company. The directors are therefore confident that the
|
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company has sufficient facilities to continue trading for the foreseeable future.
|
3.
|
EMPLOYEES AND DIRECTORS
|
|
The average number of employees during the year was NIL (2016 - NIL).
|
|
At 31 December 2017
|
1,831
|
|
|
|
At 31 December 2017
|
1,221
|
|
|
5.
|
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|
|
|
Amounts owed by group undertakings
|
113,641
|
|
266,996
|
|
|
|
Other debtors
|
13,455
|
|
17,557
|
|
|
6.
|
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|
|
|
Trade creditors
|
13,409
|
|
14,033
|
|
|
|
Amounts owed to group undertakings
|
222,766
|
|
94,163
|
|
|
|
Taxation and social security
|
22,177
|
|
4,239
|
|
|
|
Other creditors
|
5,765
|
|
5,855
|
|
|
7.
|
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
|
|
|
Amounts owed to group undertakings
|
-
|
|
90,000
|
|
|
|
Minimum lease payments under non-cancellable operating leases fall due as follows:
|
|
Within one year
|
15,400
|
|
40,040
|
|
|
|
Between one and five years
|
-
|
|
15,400
|
|
|
9.
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DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006
|
|
The Report of the Auditors was unqualified.
|
|
Vincent Chandler ACA FCCA (Senior Statutory Auditor)
|
|
for and on behalf of
Moore Green |
10.
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ULTIMATE PARENT COMPANY
|
|
The company's ultimate parent company is Bea Services SA, whose registered office is in
|