F P I Northwest Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 04461439 (England and Wales)

Financial Statements for the Year Ended 31 May 2017

for

F P I Northwest Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C Walker

SECRETARY:

Mrs L Walker

REGISTERED OFFICE:

Unit 16B Westside Industrial Estate

Jakson Street

St Helens

WA9 3AT

REGISTERED NUMBER:

04461439 (England and Wales)

ACCOUNTANTS:

Cobham Murphy Limited

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Tangible assets

4

18,937

23,282

CURRENT ASSETS

Stocks

36,000

33,725

Debtors

5

60,864

43,330

Cash at bank

61,799

50,050

158,663

127,105

CREDITORS

Amounts falling due within one year

6

63,244

47,409

NET CURRENT ASSETS

95,419

79,696

TOTAL ASSETS LESS CURRENT LIABILITIES

114,356

102,978

PROVISIONS FOR LIABILITIES

3,756

-

NET ASSETS

110,600

102,978

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

110,500

102,878

SHAREHOLDERS' FUNDS

110,600

102,978

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 21 August 2017 and were signed by:

C Walker - Director

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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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.

Taxation

Taxation for the year 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.

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 year 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 year was 5 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2016

and 31 May 2017

58,891

DEPRECIATION

At 1 June 2016

35,609

Charge for year

4,345

At 31 May 2017

39,954

NET BOOK VALUE

At 31 May 2017

18,937

At 31 May 2016

23,282

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade debtors

60,864

43,330

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade creditors

28,634

17,544

Taxation and social security

27,286

23,176

Other creditors

7,324

6,689

63,244

47,409

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 creditors as at 31st May 2017 is £2,253 (2016 £1,618) owing to C Walker.

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £24,000 (2016 - £15,000) were paid to the director .

9.	ULTIMATE CONTROLLING PARTY

C Walker is the ultimate controlling party by virtue of his shareholding in the company as at the balance sheet

date.