Company Registration No. 08464637 (England and Wales)
FIP (UK) Ltd
Unaudited accounts
for the year ended 31 March 2018
FIP (UK) Ltd
Unaudited accounts
Contents
FIP (UK) Ltd
Company Information
for the year ended 31 March 2018
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 2018
Inventories
145,000
90,000
Cash at bank and in hand
80,072
36,692
Creditors: amounts falling due within one year
(143,948)
(62,523)
Net current assets
84,249
67,294
Called up share capital
1
1
Profit and loss account
84,249
67,516
Shareholders' funds
84,250
67,517
For the year ending 31 March 2018 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 22 November 2018.
Nicolas Piers Morris
Director
Company Registration No. 08464637
FIP (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2018
FIP (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 08464637. The registered office 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.
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
145,000
90,000
FIP (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2018
Accrued income and prepayments
3,125
3,125
7
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
98,608
30,000
Trade creditors
35,985
14,748
Taxes and social security
(16,805)
(18,542)
Loans from directors
26,160
36,317
8
Share capital
2018
2017
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 1 (2017: 2).