FMP Trading Solutions LTD,Ltd - AccountsLtd - Accounts

FMP TRADING SOLUTIONS LTD - Company Information

Print Friendly Version

FMP Trading Solutions LTD

Registered Number:SC376302

For the year ended 30 April 2017

Scotland

Unaudited Financial Statements

For the year ended 30 April 2017

FMP Trading Solutions LTD

Contents Page

Statement of Financial Position

2 to 4

Notes to the Financial Statements

As at 30 April 2017

FMP Trading Solutions LTD

Statement of Financial Position

Registered Number :

SC376302

2016

2017

Notes

Fixed assets

Property, plant and equipment

3,615

4,518

3,615

4,518

Current assets

Inventories

37,468

55,210

Trade and other receivables

11,707

12,089

40,009

Cash and cash equivalents

50,090

117,389

89,184

Trade and other payables: amounts falling due

within one year

(46,845)

(39,589)

42,339

77,800

Net current assets

Total assets less current liabilities

81,415

46,857

Trade and other payables: amounts falling due

after more than one year

(966)

81,415

Net assets

45,891

Capital and reserves

Called up share capital

Retained earnings

81,409

45,887

81,415

45,891

Shareholders' funds

For the year ended 30 April 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivere

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.

Steven Thomson Director

These financial statements were approved and authorised for issue by the Board on 13 December 2017 and were signed by:

1 of 4

For the year ended 30 April 2017

FMP Trading Solutions LTD

Statement of Financial Position Continued

The notes form part of these financial statements

2 of 4

For the year ended 30 April 2017

FMP Trading Solutions LTD

Notes to the Financial Statements

Statutory Information

FMP Trading Solutions LTD is a private limited company, limited by shares, domiciled in Scotland,

registration number SC376302.

Registered address:

24 Bankton Terrace

Prestonpans

EH32 9EY

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

20 Reducing balance

Computer equipment

20 Reducing balance

Fixtures and fittings

2. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Cost or

valuation

At 01 May 2016

15,915

915

15,000

At 30 April 2017

15,000

915

15,915

Provision for depreciation and impairme

At 01 May 2016

11,397

329

11,068

Charge for year

903

117

786

At 30 April 2017

12,300

446

11,854

At 30 April 2017

Net book value

3,146

469

3,615

At 30 April 2016

3,932

586

4,518

Fixtures & Fittings: 20% Reducing Balance

3 of 4

For the year ended 30 April 2017

FMP Trading Solutions LTD

Notes to the Financial Statements Continued

3. Trade and other receivables

2016

2017

Trade debtors

3,657

6,900

Other debtors

8,432

4,807

11,707

12,089

4. Trade and other payables: amounts falling due within one year

2016

2017

Bank loans and overdraft

482

2,286

Trade creditors

8,630

23,202

Taxation and social security

30,477

21,489

Other creditors

(132)

39,589

46,845

5. Trade and other payables: amounts falling due after more than one year

2016

2017

Bank loans and overdraft

966

4 of 4