Company Registration No. 08464637 (England and Wales)
FIP (UK) Ltd
Unaudited accounts
for the year ended 31 March 2017
FIP (UK) Ltd
Unaudited accounts
Contents
FIP (UK) Ltd
Company Information
for the year ended 31 March 2017
Director
Nicolas Piers Morris
Secretary
Nicolas Piers Morris
Company Number
08464637 (England and Wales)
Registered Office
Rough Hill Complex
The Tye, East Hanningfield,
Chelmsford
Essex
CM3 8BY
Accountants
Accounting Solutions Anglia Ltd
13 Cornflower Road
Jaywick Sands
Clacton on Sea
Essex
CO15 2RZ
FIP (UK) Ltd
Statement of financial position
as at
31 March 2017
Inventories
90,000
90,000
Cash at bank and in hand
36,692
12,960
Creditors: amounts falling due within one year
(62,523)
(71,089)
Net current assets
67,294
54,954
Called up share capital
1
1
Profit and loss account
67,516
55,621
Shareholders' funds
67,517
55,622
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 5 November 2017.
Nicolas Piers Morris
Director
Company Registration No. 08464637
FIP (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2017
FIP (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 08464637. The registered office and principal place of business is Rough Hill Complex, The Tye, East Hanningfield,, Chelmsford, Essex, CM3 8BY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on Cost
FIP (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Motor vehicles
Cost or valuation
At cost
Finished goods
90,000
90,000
Accrued income and prepayments
3,125
-
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
30,000
14,626
Trade creditors
14,748
5,574
Taxes and social security
(18,542)
8,146
Loans from directors
36,317
42,743
8
Share capital
2017
2016
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 2 (2016: 1).