IRIS Accounts Production v17.3.0.1062 05955995 Board of Directors 1.4.16 31.3.17 31.3.17 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure059559952016-03-31059559952017-03-31059559952016-04-012017-03-31059559952015-03-31059559952015-04-012016-03-31059559952016-03-3105955995ns15:EnglandWales2016-04-012017-03-3105955995ns14:PoundSterling2016-04-012017-03-3105955995ns10:Director12016-04-012017-03-3105955995ns10:PrivateLimitedCompanyLtd2016-04-012017-03-3105955995ns10:SmallEntities2016-04-012017-03-3105955995ns10:AuditExemptWithAccountantsReport2016-04-012017-03-3105955995ns10:SmallCompaniesRegimeForDirectorsReport2016-04-012017-03-3105955995ns10:SmallCompaniesRegimeForAccounts2016-04-012017-03-3105955995ns10:FullAccounts2016-04-012017-03-310595599512016-04-012017-03-3105955995ns10:Director22016-04-012017-03-3105955995ns10:RegisteredOffice2016-04-012017-03-3105955995ns5:CurrentFinancialInstruments2017-03-3105955995ns5:CurrentFinancialInstruments2016-03-3105955995ns5:Non-currentFinancialInstruments2017-03-3105955995ns5:Non-currentFinancialInstruments2016-03-3105955995ns5:ShareCapital2017-03-3105955995ns5:ShareCapital2016-03-3105955995ns5:RetainedEarningsAccumulatedLosses2017-03-3105955995ns5:RetainedEarningsAccumulatedLosses2016-03-3105955995ns5:IntangibleAssetsOtherThanGoodwill2016-04-012017-03-3105955995ns5:PatentsTrademarksLicencesConcessionsSimilar2016-04-012017-03-3105955995ns5:IntangibleAssetsOtherThanGoodwill2016-03-3105955995ns5:IntangibleAssetsOtherThanGoodwill2017-03-3105955995ns5:IntangibleAssetsOtherThanGoodwill2016-03-3105955995ns5:PlantMachinery2016-03-3105955995ns5:PlantMachinery2016-04-012017-03-3105955995ns5:PlantMachinery2017-03-3105955995ns5:PlantMachinery2016-03-31


REGISTERED NUMBER: 05955995 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

FAROUSE DESIGN LIMITED
FAROUSE DESIGN LIMITED (REGISTERED NUMBER: 05955995)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6
FAROUSE DESIGN LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2017







DIRECTORS: P W Farr
C J Rouse





REGISTERED OFFICE: Suite 12
Bramingham Business Centre
Enterprise Way
Luton
Bedfordshire
LU3 4BU





REGISTERED NUMBER: 05955995 (England and Wales)





ACCOUNTANTS: The FON Partnership Ltd
Suite 12
Bramingham Business Centre
Enterprise Way
Luton
Bedfordshire
LU3 4BU
FAROUSE DESIGN LIMITED (REGISTERED NUMBER: 05955995)

BALANCE SHEET
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 36,776 36,250
Tangible assets 4 49 66
36,825 36,316

CURRENT ASSETS
Cash at bank 71 96

CREDITORS
Amounts falling due within one year 5 600 480
NET CURRENT LIABILITIES (529 ) (384 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,296

35,932

CREDITORS
Amounts falling due after more than one
year

6

32,303

33,497
NET ASSETS 3,993 2,435

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,893 2,335
SHAREHOLDERS' FUNDS 3,993 2,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.
FAROUSE DESIGN LIMITED (REGISTERED NUMBER: 05955995)

BALANCE SHEET - continued
31 March 2017


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 3 November 2017 and were signed on its behalf
by:





C J Rouse - Director

FAROUSE DESIGN LIMITED (REGISTERED NUMBER: 05955995)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Farouse Design 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 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet 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.
FAROUSE DESIGN LIMITED (REGISTERED NUMBER: 05955995)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2017

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2016 36,250
Additions 526
At 31 March 2017 36,776
NET BOOK VALUE
At 31 March 2017 36,776
At 31 March 2016 36,250

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2016
and 31 March 2017 506
DEPRECIATION
At 1 April 2016 440
Charge for year 17
At 31 March 2017 457
NET BOOK VALUE
At 31 March 2017 49
At 31 March 2016 66

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Other creditors 600 480

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.17 31.3.16
£    £   
Other creditors 32,303 33,497

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Directors Long Term Loan 32,303 33,497
FAROUSE DESIGN LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
FAROUSE DESIGN LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the
Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2017 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






The FON Partnership Ltd
Suite 12
Bramingham Business Centre
Enterprise Way
Luton
Bedfordshire
LU3 4BU


3 November 2017

Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.