Abbreviated Company Accounts - FIMEX LIMITED

02550469 FIMEX LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 02550469 2015-01-01 2015-12-31 02550469 2015-12-31 02550469 2014-12-31 02550469 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 02550469 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 02550469

FIMEX LIMITED

Abbreviated Accounts

31 December 2015

FIMEX LIMITED Registered Number 02550469

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,083,288	2,033,359
		2,083,288	2,033,359
Current assets
Stocks		67,995	98,715
Debtors		1,477,709	1,816,651
Cash at bank and in hand		196,570	184,483
		1,742,274	2,099,849
Prepayments and accrued income		17,948	12,040
Creditors: amounts falling due within one year	3	(1,285,370)	(1,445,471)
Net current assets (liabilities)		474,852	666,418
Total assets less current liabilities		2,558,140	2,699,777
Creditors: amounts falling due after more than one year	3	(1,368,359)	(1,518,327)
Accruals and deferred income		(90,384)	(101,889)
Total net assets (liabilities)		1,099,397	1,079,561
Capital and reserves
Called up share capital	4	200	200
Profit and loss account		1,099,197	1,079,361
Shareholders' funds		1,099,397	1,079,561

For the year ending 31 December 2015 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 June 2016

And signed on their behalf by:
O Icel, Director
E Icel, Director

FIMEX LIMITED Registered Number 02550469

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the period.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:
Leasehold properties - straight line over life of the lease
Plant & machinery - 15% straight line
Fixtures, fittings & equipment - 10% on written down value

Valuation information and policy
Stock
Stock is valued at the lower of cost or net realisable value.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of transactions. All differences are taken tot he Profit and Loss account.

Other accounting policies
Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred.
Pensions
The pension costs charged in the financial statements represent the contribution payable by the company during the year.

2Tangible fixed assets

	£
Cost
At 1 January 2015	2,693,773
Additions	71,084
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	2,764,857
Depreciation
At 1 January 2015	660,414
Charge for the year	21,155
On disposals	-
At 31 December 2015	681,569
Net book values
At 31 December 2015	2,083,288
At 31 December 2014	2,033,359

3Creditors

	2015 £	2014 £
Secured Debts	2,098,163	2,430,487

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
200 Ordinary shares of £1 each	200	200