Fpz Uk Limited 5271653 false 2016-01-01 2016-12-31 2016-12-31 The principal activity of the company is the production and sale of regenerative / side-channel blowers for the movement of air and technical gases Digita Accounts Production Advanced 6.18.8247.0 Software true 5271653 2016-01-01 2016-12-31 5271653 2016-12-31 5271653 core:RetainedEarningsAccumulatedLosses 2016-12-31 5271653 core:ShareCapital 2016-12-31 5271653 core:CurrentFinancialInstruments 2016-12-31 5271653 core:CurrentFinancialInstruments core:WithinOneYear 2016-12-31 5271653 core:FurnitureFittingsToolsEquipment 2016-12-31 5271653 core:OtherPropertyPlantEquipment 2016-12-31 5271653 bus:SmallEntities 2016-01-01 2016-12-31 5271653 bus:AuditExemptWithAccountantsReport 2016-01-01 2016-12-31 5271653 bus:FullAccounts 2016-01-01 2016-12-31 5271653 bus:RegisteredOffice 2016-01-01 2016-12-31 5271653 bus:Director1 2016-01-01 2016-12-31 5271653 bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 5271653 core:FurnitureFittingsToolsEquipment 2016-01-01 2016-12-31 5271653 core:OtherPropertyPlantEquipment 2016-01-01 2016-12-31 5271653 countries:AllCountries 2016-01-01 2016-12-31 5271653 2015-12-31 5271653 core:FurnitureFittingsToolsEquipment 2015-12-31 5271653 core:OtherPropertyPlantEquipment 2015-12-31 5271653 2015-01-01 2015-12-31 5271653 2015-12-31 5271653 core:RetainedEarningsAccumulatedLosses 2015-12-31 5271653 core:ShareCapital 2015-12-31 5271653 core:CurrentFinancialInstruments 2015-12-31 5271653 core:CurrentFinancialInstruments core:WithinOneYear 2015-12-31 5271653 core:FurnitureFittingsToolsEquipment 2015-12-31 5271653 core:OtherPropertyPlantEquipment 2015-12-31 iso4217:GBP xbrli:pure

Registration number: 5271653

Fpz Uk Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2016

Hugh Davies & Co
35 Chequers Court
Brown Street
Salisbury
Wiltshire
SP1 2AS

 

Fpz Uk Limited

(Registration number: 5271653)
Balance Sheet as at 31 December 2016

Note

2016
£

2015
£

Fixed assets

 

Tangible assets

4

702

427

Current assets

 

Debtors

5

1,626

13,891

Cash at bank and in hand

 

43,774

12,652

 

45,400

26,543

Creditors: Amounts falling due within one year

6

(4,294)

(11,030)

Net current assets

 

41,106

15,513

Net assets

 

41,808

15,940

Capital and reserves

 

Called up share capital

15,000

15,000

Profit and loss account

26,808

940

Total equity

 

41,808

15,940

For the financial year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 19 January 2017 and signed on its behalf by:
 

.........................................

P D Freeman

Director

 

Fpz Uk Limited

Notes to the Financial Statements for the Year Ended 31 December 2016

1

General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
The Pavillion
Botleigh Grange
Business Park
Hedge End
Southampton
SO30 2AF

The principal place of business is:
19 Taskers Drive
Anna Valley
Andover
Hampshire
SP11 7SA

These financial statements were authorised for issue by the Board on 19 January 2017.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% reducing balance

Other property, plant and equipment

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Fpz Uk Limited

Notes to the Financial Statements for the Year Ended 31 December 2016

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2015 - 1).

 

Fpz Uk Limited

Notes to the Financial Statements for the Year Ended 31 December 2016

4

Tangible assets

Furniture, fittings and equipment
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 January 2016

6,893

2,392

9,285

Additions

878

-

878

At 31 December 2016

7,771

2,392

10,163

Depreciation

At 1 January 2016

6,478

2,380

8,858

Charge for the year

591

12

603

At 31 December 2016

7,069

2,392

9,461

Carrying amount

At 31 December 2016

702

-

702

At 31 December 2015

415

12

427

 

Fpz Uk Limited

Notes to the Financial Statements for the Year Ended 31 December 2016

5

Debtors

2016
£

2015
£

Trade debtors

1,123

2,436

Other debtors

503

11,455

Total current trade and other debtors

1,626

13,891

6

Creditors

Note

2016
£

2015
£

Due within one year

 

Trade creditors

 

79

772

Taxation and social security

 

2,140

2,279

Other creditors

 

2,075

7,979

 

4,294

11,030

7

Transition to FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS102 Section 1A and have not impacted on equity or profit and loss.


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