Company Registration No. 08464637 (England and Wales)
FIP (UK) Ltd
Unaudited accounts
for the year ended 31 March 2020
FIP (UK) Ltd
Unaudited accounts
Contents
FIP (UK) Ltd
Company Information
for the year ended 31 March 2020
Director
Nicolas Piers Morris
Secretary
Nicolas Piers Morris
Company Number
08464637 (England and Wales)
Registered Office
2 Swanbridge Industrial Estate
Black Croft Road
Witham
Essex
CM8 3YN
England
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 2020
Inventories
95,000
95,000
Cash at bank and in hand
36,231
70,325
Creditors: amounts falling due within one year
(85,905)
(135,839)
Net current assets
49,651
32,611
Called up share capital
1
1
Profit and loss account
49,651
32,611
Shareholders' funds
49,652
32,612
For the year ending 31 March 2020 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.
The financial statements were approved by the Board and authorised for issue on 8 December 2020 and were signed on its behalf by
Nicolas Piers Morris
Director
Company Registration No. 08464637
FIP (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2020
FIP (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 08464637. The registered office is 2 Swanbridge Industrial Estate, Black Croft Road, Witham, Essex, CM8 3YN, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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
4
Tangible fixed assets
Motor vehicles
Cost or valuation
At cost
Finished goods
95,000
95,000
FIP (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2020
Accrued income and prepayments
4,325
3,125
7
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
73,346
100,231
Trade creditors
5,362
7,929
Taxes and social security
(53,368)
(28,461)
Loans from directors
60,565
56,140
8
Share capital
2020
2019
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 (2019: 2).