FH Distribution Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 10632942 (England and Wales)

Unaudited Financial Statements

for the Period 22 February 2017 to 31 December 2017

for

FH Distribution Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

300

CURRENT ASSETS

Stocks

83,969

Debtors

5

6,879

Cash at bank

70,157

161,005

CREDITORS

Amounts falling due within one year

6

125,938

NET CURRENT ASSETS

35,067

TOTAL ASSETS LESS CURRENT LIABILITIES

35,367

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

35,267

35,367

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 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 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 26 April 2018 and were signed on its behalf by:

Mr P R Manners - Director

Mr A Salk - Director

Mr D R Mycock - Director

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 period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

360

At 31 December 2017

360

DEPRECIATION

Charge for period

60

At 31 December 2017

60

NET BOOK VALUE

At 31 December 2017

300

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

5,514

Other debtors

1,365

6,879

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

107,741

Taxation and social security

10,317

Other creditors

7,880

125,938

7.	RELATED PARTY DISCLOSURES

50% of FH Distribution Limited is owned by Henley Bridge Ingredients Limited which has significant influence

but does not have control over FH Distribution. Net sales of £441,581 were made by Henley Bridge

Ingredients Limited to FH Distribution Limited. The balance outstanding to Henley Bridge Ingredients Limited

was £107,612, the transactions are conducted at arms length.

Henley Bridge Ingredients Limited also advanced a loan of £3,700 to FH Distribution Limited during the year.

The loan is interest-free and no repayment terms have been agreed. The full balance of the loan remained

outstanding at 31 December 2017.