| Fluid Movement Limited |
| Registered number: |
06746140 |
| Balance Sheet |
| as at 30 September 2017 |
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
154,054 |
|
|
104,412 |
|
| Current assets |
| Stocks |
|
|
47,421 |
|
|
34,412 |
| Debtors |
4 |
|
89,049 |
|
|
70,032 |
| Investments held as current assets |
|
|
5,551 |
|
|
5,551 |
| Cash at bank and in hand |
|
|
36,587 |
|
|
51,850 |
|
|
|
178,608 |
|
|
161,845 |
|
| Creditors: amounts falling due within one year |
5 |
|
(233,131) |
|
|
(176,217) |
|
| Net current liabilities |
|
|
|
(54,523) |
|
|
(14,372) |
|
| Total assets less current liabilities |
|
|
|
99,531 |
|
|
90,040 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(25,068) |
|
|
(16,312) |
|
| Provisions for liabilities |
|
|
|
(25,383) |
|
|
(18,859) |
|
|
| Net assets |
|
|
|
49,080 |
|
|
54,869 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
4 |
|
|
4 |
| Profit and loss account |
|
|
|
49,076 |
|
|
54,865 |
|
| Shareholders' funds |
|
|
|
49,080 |
|
|
54,869 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| T Aske |
| Director |
| Approved by the board on 5 June 2018 |
|
| Fluid Movement Limited |
| Notes to the Accounts |
| for the period from 1 December 2016 to 30 September 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Tangible fixed assets |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Fixtures, fittings, and equipment |
10% reducing balance |
|
|
Investments |
|
Investments in whisky is measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
|
|
| 2 |
Employees |
2017 |
|
2016 |
| Number |
Number |
|
|
Average number of persons employed by the company |
18 |
|
14 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 December 2016 |
142,374 |
|
Additions |
60,224 |
|
At 30 September 2017 |
202,598 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2016 |
37,962 |
|
Charge for the period |
10,582 |
|
At 30 September 2017 |
48,544 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2017 |
154,054 |
|
At 30 November 2016 |
104,412 |
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade debtors |
30,121 |
|
29,433 |
|
Other debtors |
58,928 |
|
40,599 |
|
|
|
|
|
|
89,049 |
|
70,032 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Bank loans and overdrafts |
54,149 |
|
4,608 |
|
Trade creditors |
79,709 |
|
93,146 |
|
Corporation tax |
18,083 |
|
23,022 |
|
Other taxes and social security costs |
42,777 |
|
31,566 |
|
Other creditors |
38,413 |
|
23,875 |
|
|
|
|
|
|
233,131 |
|
176,217 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Bank loans |
25,068 |
|
16,312 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2017 |
|
2016 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
79,217 |
|
20,920 |
|
|
|
|
|
|
|
|
|
|
There is a debenture dated 15th November 2010 with Lloyds TSB Bank Plc having a fixed and floating charge over all property, assets present and future. |
|
|
There is a debenture dated 12th December 2016 with Lloyds Bank Plc over the basement ans part ground floor at 2 - 4 Paul Street London EC2A 4JH. |
|
| 8 |
Other information |
|
|
Fluid Movement Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
63 Worship Street |
|
London |
|
EC2A 2DU |
