Frederick Phelps Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04646599 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

FREDERICK PHELPS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

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 Associates

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Intangible assets

2

1

1

Tangible assets

3

7,578

10,103

7,579

10,104

CURRENT ASSETS

Stocks

174,267

228,097

Debtors

25,283

18,533

Cash at bank and in hand

981

1,766

200,531

248,396

CREDITORS

Amounts falling due within one year

205,617

249,943

NET CURRENT LIABILITIES

(5,086

)

(1,547

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,493

8,557

CAPITAL AND RESERVES

Called up share capital

4

6

6

Profit and loss account

2,487

8,551

SHAREHOLDERS' FUNDS

2,493

8,557

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 December 2014 and were signed by:

Mr M Strnad - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis as the director is satisfied that

the company will have adequate resources to meet its liabilities to third parties as they fall due. The

director will finance the company as and when required.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

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

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 the profit and loss account on a straight line basis

over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

1

NET BOOK VALUE

At 31 March 2014

1

At 31 March 2013

1

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

41,322

DEPRECIATION

At 1 April 2013

31,219

Charge for year

2,525

At 31 March 2014

33,744

NET BOOK VALUE

At 31 March 2014

7,578

At 31 March 2013

10,103

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

6

Ordinary

£1

6

6