Accounts filed on 31-05-2015

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			Company registration number:05240655
		FULLTIME MANAGEMENT LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 May 2015

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FULLTIME MANAGEMENT LIMITED
BALANCE SHEET
AS AT 31 May 2015
			2015				2014
		Notes	£		£		£		£
FIXED ASSETS
Investments					0				114,315
Intangible assets		2			0				3,000
Tangible assets		3			403				560
					403				117,875
CURRENT ASSETS
Debtors			38,735				1,721
Cash at bank and in hand			120,383				110,057
			159,118				111,778
CREDITORS
Amounts falling due within one year			(3,160)				(3,768)
NET CURRENT ASSETS					155,958				108,010
TOTAL ASSETS LESS
CURRENT LIABILITIES					156,361				225,885
NET ASSETS					156,361				225,885
CAPITAL AND RESERVES
Called-up equity share capital		5			2				2
Profit and loss account					156,359				225,883
SHAREHOLDERS FUNDS					156,361				225,885
For the year ending 31 May 2015 the company was entitled to exemption 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 the accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
..........................................................................
C A Richards
26 February 2016
The annexed notes form part of these financial statements.

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FULLTIME MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2015

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents income receivable for services provided in the period, exclusive of Value Added Tax.

Intangible assets

Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. It has been fully written off in equal annual instalments over its estimated economic life of five years.

Investments

Investments which have been included in fixed asset investments are included at cost, less any reductions in the value of the investments which are considered to be permanent.

Fixed assets

A full year's depreciation is charged in the year of acquisition of an asset but none in the year of disposal. Depreciation has been computed to write off the cost of fixed assets over their expected useful lives at the following rates:-

Fixtures and fittings 20% per annum reducing balance Computer equipment 33 1/3% per annum reducing balance

Deferred taxation

Deferred tax assets and liabilities have arisen from timing differences between the recognition of gains and losses in the financial statements and their recognition in a tax computation. Full provision is made for all liabilities, and provision is made for assets to the extent that they are considered more likely than not to be recoverable in the foreseeable future. Provision is made using tax rates that are expected to apply in the periods in which the timing differences are expected to reverse based upon rates enacted at the balance sheet date.

2.	Intangible fixed assets
				Total
	Cost
	At start of period			15,000
	At end of period			15,000
	Amortisation
	At start of period			12,000
	Provided during the period			3,000
	At end of period			15,000
	Net Book Values
	At start of period			3,000
	At end of period			0

3.	Tangible fixed assets
				Total
	Cost
	At start of period			2,854
	At end of period			2,854
	Depreciation
	At start of period			2,294
	Provided during the period			157
	At end of period			2,451
	Net Book Value
	At start of period			560
	At end of period			403

4.	Debtors secured
	Included within other debtors is a loan of £38,735 (2014 - £nil) to C A Richards, a director. The maximum amount outstanding during the year was £38,735.

5.	Share capital				Allotted, issued and fully paid
					2015	2014
					£	£
	Ordinary shares of £1 each				2	2
	Total issued share capital				2	2
6.	Ultimate controlling party
	The company is under the ultimate control of C A Richards.