F P I Northwest Limited - Accounts to registrar (filleted) - small 18.2

F P I Northwest Limited - Accounts to registrar (filleted) - small 18.2

F P I NORTHWEST LIMITED - Company Information

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REGISTERED NUMBER: 04461439 (England and Wales)















Financial Statements for the Year Ended 31 May 2018

for

F P I Northwest Limited
F P I Northwest Limited (Registered number: 04461439)






Contents of the Financial Statements
for the Year Ended 31 May 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


F P I Northwest Limited

Company Information
for the Year Ended 31 May 2018







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
Page 1
F P I Northwest Limited (Registered number: 04461439)

Balance Sheet
31 May 2018

31.5.18 31.5.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,525 18,937

CURRENT ASSETS
Stocks 40,000 36,000
Debtors 5 15,822 60,864
Cash at bank 85,479 61,799
141,301 158,663
CREDITORS
Amounts falling due within one year 6 46,021 63,244
NET CURRENT ASSETS 95,280 95,419
TOTAL ASSETS LESS CURRENT
LIABILITIES
115,805
114,356

PROVISIONS FOR LIABILITIES 3,900 3,756
NET ASSETS 111,905 110,600

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 111,805 110,500
SHAREHOLDERS' FUNDS 111,905 110,600

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 29 October 2018 and were signed by:



C Walker - Director


The notes form part of these financial statements

Page 2
F P I Northwest Limited (Registered number: 04461439)

Notes to the Financial Statements
for the Year Ended 31 May 2018

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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts
recognised in the financial statements.

Turnover
Income is recognised on the fair value of services supplied during the year. Sales of services are recognised in
the accounting period in which the services are rendered.

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.

Financial instruments
Directors loans, trade debtors and trade creditors are measured at the undiscounted amount of the cash or other
consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective
evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit
and loss.

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.


Page 3 continued...
F P I Northwest Limited (Registered number: 04461439)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2018

2. ACCOUNTING POLICIES - continued
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 4 (2017 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2017 58,891
Additions 11,581
Disposals (19,179 )
At 31 May 2018 51,293
DEPRECIATION
At 1 June 2017 39,954
Charge for year 5,079
Eliminated on disposal (14,265 )
At 31 May 2018 30,768
NET BOOK VALUE
At 31 May 2018 20,525
At 31 May 2017 18,937

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.18 31.5.17
£    £   
Trade debtors 15,822 60,864

Page 4 continued...
F P I Northwest Limited (Registered number: 04461439)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.18 31.5.17
£    £   
Trade creditors 26,523 28,634
Taxation and social security 14,039 27,286
Other creditors 5,459 7,324
46,021 63,244

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 2018 is £388 (2017 £2,253) owing to C Walker.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £26,625 (2017 - £24,000) 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.

Page 5