FH Distribution Limited - Accounts to registrar (filleted) - small 18.2

FH Distribution Limited - Accounts to registrar (filleted) - small 18.2

FH DISTRIBUTION LIMITED - Company Information

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IRIS Accounts Production v18.3.1.65 10632942 Mr P R Manners Board of Directors Mr A Salk Board of Directors Mr D R Mycock Board of Directors 1.1.18 31.12.18 31.12.18 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure106329422017-12-31106329422018-12-31106329422018-01-012018-12-31106329422017-02-21106329422017-02-222017-12-31106329422017-12-3110632942ns15:EnglandWales2018-01-012018-12-3110632942ns14:PoundSterling2018-01-012018-12-3110632942ns10:Director12018-01-012018-12-3110632942ns10:Director22018-01-012018-12-3110632942ns10:Director32018-01-012018-12-3110632942ns10:PrivateLimitedCompanyLtd2018-01-012018-12-3110632942ns10:SmallEntities2018-01-012018-12-3110632942ns10:AuditExempt-NoAccountantsReport2018-01-012018-12-3110632942ns10:SmallCompaniesRegimeForDirectorsReport2018-01-012018-12-3110632942ns10:SmallCompaniesRegimeForAccounts2018-01-012018-12-3110632942ns10:FullAccounts2018-01-012018-12-3110632942ns10:OrdinaryShareClass12018-01-012018-12-3110632942ns10:Director42018-01-012018-12-3110632942ns10:RegisteredOffice2018-01-012018-12-3110632942ns5:CurrentFinancialInstruments2018-12-3110632942ns5:CurrentFinancialInstruments2017-12-3110632942ns5:ShareCapital2018-12-3110632942ns5:ShareCapital2017-12-3110632942ns5:RetainedEarningsAccumulatedLosses2018-12-3110632942ns5:RetainedEarningsAccumulatedLosses2017-12-3110632942ns5:ComputerEquipment2018-01-012018-12-3110632942ns5:ComputerEquipment2017-12-3110632942ns5:ComputerEquipment2018-12-3110632942ns5:ComputerEquipment2017-12-3110632942ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-12-3110632942ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-12-3110632942ns10:OrdinaryShareClass12018-12-31


REGISTERED NUMBER: 10632942 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2018

for

FH Distribution Limited
FH Distribution Limited (Registered number: 10632942)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FH Distribution Limited

Company Information
for the Year Ended 31 December 2018







DIRECTORS: Mr P R Manners
Mrs A Manners
Mr D R Mycock
Mr A Salk





REGISTERED OFFICE: Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG





BUSINESS ADDRESS: Cocoa House
16 The Cliffe Industrial Estate
South Street
Lewes
East Sussex
BN8 6JL





REGISTERED NUMBER: 10632942 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG
Page 1
FH Distribution Limited (Registered number: 10632942)

Balance Sheet
31 December 2018

31.12.18 31.12.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 367 300

CURRENT ASSETS
Stocks 198,935 83,969
Debtors 5 12,556 6,879
Cash at bank 117,320 70,157
328,811 161,005
CREDITORS
Amounts falling due within one year 6 197,970 125,938
NET CURRENT ASSETS 130,841 35,067
TOTAL ASSETS LESS CURRENT
LIABILITIES
131,208
35,367

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 131,108 35,267
SHAREHOLDERS' FUNDS 131,208 35,367

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
FH Distribution Limited (Registered number: 10632942)

Balance Sheet - continued
31 December 2018


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 Board of Directors on 14 February 2019 and were signed on its behalf
by:




Mr P R Manners - Director Mr A Salk - Director




Mr D R Mycock - Director


The notes form part of these financial statements

Page 3
FH Distribution Limited (Registered number: 10632942)

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

1. STATUTORY INFORMATION

FH Distribution 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - straight line basis between 3 & 10 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

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.

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.

Page 4 continued...
FH Distribution Limited (Registered number: 10632942)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates an auto enrolment compliant pension scheme. Contributions payable to the company's
pension scheme are charged to the profit and loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2017 - 5 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2018 360
Additions 217
At 31 December 2018 577
DEPRECIATION
At 1 January 2018 60
Charge for year 150
At 31 December 2018 210
NET BOOK VALUE
At 31 December 2018 367
At 31 December 2017 300

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Trade debtors 11,486 5,514
Other debtors 1,070 1,365
12,556 6,879

Page 5 continued...
FH Distribution Limited (Registered number: 10632942)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.18 31.12.17
£    £   
Trade creditors 164,328 107,741
Taxation and social security 24,879 10,317
Other creditors 8,763 7,880
197,970 125,938

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.18 31.12.17
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

Henley Bridge Ingredients Limited owns 50% of FH Distribution Limited but, although Henley Bridge
Ingredients Limited has significant influence, it does not have control over FH Distribution Limited. During the
year, net sales of £887,203 were made by Henley Bridge Ingredients Limited to FH Distribution Limited. The
balance outstanding to Henley Bridge Ingredients Limited at the year end was £164,328. The transactions
between the companies are conducted at arms length.

During the previous year, Henley Bridge Ingredients Limited advanced a loan of £3,700 to FH Distribution
Limited. The loan is interest-free and no repayment terms have been agreed. Repayments of £2,500 were
made during 2018 and the balance owing to Henley Bridge Ingredients Limited at 31 December 2018 was
£1,200.

Page 6