Foster Executive Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03745049 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Foster Executive Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D C G Foster

Mrs C L Foster

SECRETARY:

Mrs C L Foster

REGISTERED OFFICE:

1 Gemini Court,

42a Throwley way

Sutton,

Surrey

SM1 4AF

REGISTERED NUMBER:

03745049 (England and Wales)

ACCOUNTANTS:

Freshwater Associates Limited

1 Gemini Court

42a Throwley Way

Sutton

Surrey

SM1 4AF

FIXED ASSETS

Property, plant and equipment

4

1,810

2,413

CURRENT ASSETS

Debtors

5

4,491

315

Cash at bank

1,592

17,938

6,083

18,253

CREDITORS

Amounts falling due within one year

6

6,430

12,575

NET CURRENT (LIABILITIES)/ASSETS

(347

)

5,678

TOTAL ASSETS LESS CURRENT LIABILITIES

1,463

8,091

PROVISIONS FOR LIABILITIES

344

458

NET ASSETS

1,119

7,633

CAPITAL AND RESERVES

Called up share capital

7

200

200

Retained earnings

919

7,433

SHAREHOLDERS' FUNDS

1,119

7,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 15 November 2019 and were signed on its behalf by:

D C G Foster - Director

Mrs C L Foster - Director

1.	STATUTORY INFORMATION

Foster Executive 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 page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to

consideration and is recorded at the value of the consideration due.

Property, plant & equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Taxation

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 equity.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

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.

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.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with

the lessor are charged to the profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Computer

equipment

£

COST

At 1 April 2018

and 31 March 2019

19,734

DEPRECIATION

At 1 April 2018

17,321

Charge for year

603

At 31 March 2019

17,924

NET BOOK VALUE

At 31 March 2019

1,810

At 31 March 2018

2,413

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts recoverable on contract

3,100

-

Other debtors

1,391

315

4,491

315

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

827

7,750

Other creditors

5,603

4,825

6,430

12,575

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

200

200

On a show of hands or poll every holder of 'A' Ordinary Shares present in person or by proxy shall have one

vote. Ordinary 'B' shares carry no voting rights only dividend rights.