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REGISTERED NUMBER: 05955995 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

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






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

FAROUSE DESIGN LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2018







DIRECTOR: 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 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 37,064 36,776
Tangible assets 4 5,378 49
42,442 36,825

CURRENT ASSETS
Debtors 5 2,894 -
Cash at bank 22,335 71
25,229 71
CREDITORS
Amounts falling due within one year 6 12,749 600
NET CURRENT ASSETS/(LIABILITIES) 12,480 (529 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,922

36,296

CREDITORS
Amounts falling due after more than one
year

7

20,303

32,303
NET ASSETS 34,619 3,993

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 34,519 3,893
SHAREHOLDERS' FUNDS 34,619 3,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 2018


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 director on 5 October 2018 and were signed by:





C J Rouse - Director

FAROUSE DESIGN LIMITED (REGISTERED NUMBER: 05955995)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018

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 2018

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2017 36,776
Additions 288
At 31 March 2018 37,064
NET BOOK VALUE
At 31 March 2018 37,064
At 31 March 2017 36,776

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017 506
Additions 7,123
At 31 March 2018 7,629
DEPRECIATION
At 1 April 2017 457
Charge for year 1,794
At 31 March 2018 2,251
NET BOOK VALUE
At 31 March 2018 5,378
At 31 March 2017 49

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 2,894 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Taxation and social security 8,204 -
Other creditors 4,545 600
12,749 600
FAROUSE DESIGN LIMITED (REGISTERED NUMBER: 05955995)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.18 31.3.17
£    £   
Other creditors 20,303 32,303

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Directors Long Term Loan 20,303 32,303

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