Registered number: 08464637 | ||||||||
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FOR THE YEAR ENDED 31 MARCH 2022 | ||||||||
Prepared By: | ||||||||
McMillan Rose & Co Ltd | ||||||||
Chartered Certified Accountants | ||||||||
Haltgate House | ||||||||
52A Hullbridge Road | ||||||||
South Woodham Ferrers | ||||||||
Essex | ||||||||
CM3 5NH |
FIP (UK) Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2022 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
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Essex | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 08464637 | ||||||||
ACCOUNTANTS | ||||||||
McMillan Rose & Co Ltd | ||||||||
Chartered Certified Accountants | ||||||||
Haltgate House | ||||||||
52A Hullbridge Road | ||||||||
South Woodham Ferrers | ||||||||
Essex | ||||||||
CM3 5NH |
FIP (UK) Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 MARCH 2022 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
FIP (UK) Limited | ||||||||
BALANCE SHEET AT
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2022 | 2021 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
CURRENT ASSETS | ||||||||||
Stock |
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Debtors | 5 |
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Cash at bank and in hand |
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112,492 | 216,206 | |||||||||
CREDITORS: Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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99,724 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: Amounts falling due after more than one year | 7 | 36,588 | 47,054 | |||||||
NET (LIABILITIES) / ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 |
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Profit and loss account | (20,889) | 52,669 | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
FIP (UK) Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 MARCH 2022 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Going Concern | ||||||||
The company has made trading losses due to the economic environment. | ||||||||
The accounts have been prepared as a going concern on the basis that the director continues to support the company. |
1c. Depreciation | ||||||||
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1d. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1e. Government Grants | ||||||||
Government grants are recognised in profit and loss in the year in which they are received. |
2. EMPLOYEES | ||||||
2022 | 2021 | |||||
No. | No. | |||||
Average number of employees |
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2 | ||||
3. TANGIBLE FIXED ASSETS | ||||
Commercial | ||||
Vehicles | Total | |||
£ | £ | |||
Cost | ||||
At 1 April 2021 | 1,780 | 1,780 | ||
At 31 March 2022 | 1,780 | 1,780 | ||
Depreciation | ||||
At 1 April 2021 | 1,780 | 1,780 | ||
At 31 March 2022 | 1,780 | 1,780 | ||
Net Book Amounts | ||||
At 31 March 2022 |
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FIP (UK) Limited | ||||||||
4. STOCK | 2022 | 2021 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock of finished goods |
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5. DEBTORS | 2022 | 2021 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Other Tax | 4,484 | - | ||||||
Other debtors |
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6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
Bank loans and overdrafts |
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Taxation and social security | 3,240 | 14,749 | ||||||
Other creditors | 77,222 | 74,113 | ||||||
96,792 | 116,482 | |||||||
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
Bank loans and overdrafts | 36,588 | 47,054 | ||||||
36,588 | 47,054 | |||||||
8. SECURED CREDITORS | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
Amount of bank loans and overdrafts which are secured | 4,475 | 15,574 | ||||||
The loans are secured on the assets of the company. | ||||||||
9. SHARE CAPITAL | 2022 | 2021 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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1 | 1 | ||||||
1 | 1 | |||||||