F P I Northwest Limited - Accounts to registrar (filleted) - small 18.2

F P I Northwest Limited - Accounts to registrar (filleted) - small 18.2

F P I NORTHWEST LIMITED - Company Information

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REGISTERED NUMBER: 04461439 (England and Wales)















Financial Statements for the Period 1 June 2018 to 31 August 2019

for

F P I Northwest Limited
F P I Northwest Limited (Registered number: 04461439)






Contents of the Financial Statements
for the Period 1 June 2018 to 31 August 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


F P I Northwest Limited

Company Information
for the Period 1 June 2018 to 31 August 2019







DIRECTOR: C Walker





SECRETARY: Mrs L Walker





REGISTERED OFFICE: 32 Cavan Drive
Haydock
St Helens
WA11 0GN





REGISTERED NUMBER: 04461439 (England and Wales)





ACCOUNTANTS: Cobham Murphy Limited
116 Duke Street
Liverpool
Merseyside
L1 5JW
Page 1
F P I Northwest Limited (Registered number: 04461439)

Balance Sheet
31 August 2019

31.8.19 31.5.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 20,525

CURRENT ASSETS
Stocks - 40,000
Debtors 5 40,639 15,822
Cash at bank 74,691 85,479
115,330 141,301
CREDITORS
Amounts falling due within one year 6 24,629 46,021
NET CURRENT ASSETS 90,701 95,280
TOTAL ASSETS LESS CURRENT
LIABILITIES
90,701
115,805

PROVISIONS FOR LIABILITIES - 3,900
NET ASSETS 90,701 111,905

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 90,601 111,805
SHAREHOLDERS' FUNDS 90,701 111,905

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2019 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 20 December 2019 and were signed by:



C Walker - Director


The notes form part of these financial statements

Page 2
F P I Northwest Limited (Registered number: 04461439)

Notes to the Financial Statements
for the Period 1 June 2018 to 31 August 2019

1. STATUTORY INFORMATION

F P I Northwest 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements for the period ended 31st August 2019 represent an accounting period of 15 months and
as a result the comparative amounts presented in the financial statements are not entirely comparable. The year
end has been extended as the company ceased trading on 31st August 2019.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts
recognised in the financial statements.

Turnover
Income is recognised on the fair value of services supplied during the year. Sales of services are recognised in
the accounting period in which the services are rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Financial instruments
Directors loans, trade debtors and trade creditors are measured at the undiscounted amount of the cash or other
consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective
evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit
and loss.

Taxation
Taxation for the period 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.


Page 3 continued...
F P I Northwest Limited (Registered number: 04461439)

Notes to the Financial Statements - continued
for the Period 1 June 2018 to 31 August 2019

2. ACCOUNTING POLICIES - continued
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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2018 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2018 51,293
Additions 1,331
Disposals (52,624 )
At 31 August 2019 -
DEPRECIATION
At 1 June 2018 30,768
Eliminated on disposal (30,768 )
At 31 August 2019 -
NET BOOK VALUE
At 31 August 2019 -
At 31 May 2018 20,525

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.19 31.5.18
£    £   
Trade debtors 15,583 15,822
Other debtors 25,056 -
40,639 15,822

Page 4 continued...
F P I Northwest Limited (Registered number: 04461439)

Notes to the Financial Statements - continued
for the Period 1 June 2018 to 31 August 2019

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.19 31.5.18
£    £   
Trade creditors 5,532 26,523
Taxation and social security 16,054 14,039
Other creditors 3,043 5,459
24,629 46,021

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director, Mr C Walker, operates a current account with the company to which transactions of a private
nature are charged. Included in other debtors as at 31st August 2019 is £24,289 (2018 £388 was included in
other creditors) owing from C Walker. Interest was charged on this loan at a rate of 3%.

Page 5