Frederick Phelps Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04646599 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

FREDERICK PHELPS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr M Strnad

SECRETARY:

Mrs S Strnad

REGISTERED OFFICE:

34 Conway Road

Southgate

London

N14 7BA

REGISTERED NUMBER:

04646599 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

3,531

4,708

3,532

4,709

CURRENT ASSETS

Stocks

73,677

142,181

Debtors

6

4,312

5,636

Cash at bank and in hand

2,646

60

80,635

147,877

CREDITORS

Amounts falling due within one year

7

82,504

151,389

NET CURRENT LIABILITIES

(1,869

)

(3,512

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,663

1,197

CAPITAL AND RESERVES

Called up share capital

6

6

Retained earnings

1,657

1,191

SHAREHOLDERS' FUNDS

1,663

1,197

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 28 December 2017 and were signed by:

Mr M Strnad - Director

1.	STATUTORY INFORMATION

Frederick Phelps 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 represents net invoiced sales of goods and services, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance.

Motor vehicles

-

25% on reducing balance.

Computer equipment

-

25% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

1

NET BOOK VALUE

At 31 March 2017

1

At 31 March 2016

1

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2016

and 31 March 2017

32,517

1,364

8,035

41,916

DEPRECIATION

At 1 April 2016

28,860

1,364

6,984

37,208

Charge for year

914

-

263

1,177

At 31 March 2017

29,774

1,364

7,247

38,385

NET BOOK VALUE

At 31 March 2017

2,743

-

788

3,531

At 31 March 2016

3,657

-

1,051

4,708

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

3,993

1,154

Other debtors

319

4,482

4,312

5,636

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

62,267

122,676

Trade creditors

11,577

22,520

Taxation and social security

1,194

2,889

Other creditors

7,466

3,304

82,504

151,389

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY