Flomec Limited 06070500 true 2016-02-01 2017-01-31 2017-01-31 The principal activity of the company is non-trading. Digita Accounts Production Advanced 6.18.8247.0 Software true Mr Stephen Filmer-Cox 06070500 2016-02-01 2017-01-31 06070500 2017-01-31 06070500 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2017-01-31 06070500 core:RetainedEarningsAccumulatedLosses 2017-01-31 06070500 core:ShareCapital 2017-01-31 06070500 core:CurrentFinancialInstruments 2017-01-31 06070500 core:CurrentFinancialInstruments core:WithinOneYear 2017-01-31 06070500 bus:FRS102 2016-02-01 2017-01-31 06070500 bus:AuditExempt-NoAccountantsReport 2016-02-01 2017-01-31 06070500 bus:FullAccounts 2016-02-01 2017-01-31 06070500 bus:RegisteredOffice 2016-02-01 2017-01-31 06070500 bus:Director1 2016-02-01 2017-01-31 06070500 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2016-02-01 2017-01-31 06070500 bus:PrivateLimitedCompanyLtd 2016-02-01 2017-01-31 06070500 countries:AllCountries 2016-02-01 2017-01-31 06070500 2016-01-31 06070500 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableShares 2016-01-31 06070500 core:RetainedEarningsAccumulatedLosses 2016-01-31 06070500 core:ShareCapital 2016-01-31 06070500 core:CurrentFinancialInstruments 2016-01-31 06070500 core:CurrentFinancialInstruments core:WithinOneYear 2016-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 06070500

Flomec Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2017

Lucraft Hodgson & Dawes LLP
2/4 Ash Lane
Rustington
Littlehampton
West Sussex
BN16 3BZ

 

(Registration number: 06070500)
Balance Sheet as at 31 January 2017

Note

2017
£

2016
£

Current assets

 

Debtors

3

1

1

Creditors: Amounts falling due within one year

4

(296)

(223)

Net liabilities

 

(295)

(222)

Capital and reserves

 

Called up share capital

5

1

1

Profit and loss account

(296)

(223)

Total equity

 

(295)

(222)

For the financial year ending 31 January 2017 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 2 October 2017
 

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

Mr Stephen Filmer-Cox

Director

 

Notes to the Financial Statements for the Year Ended 31 January 2017

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:
2/4 Ash Lane
Rustington
Littlehampton
West Sussex
BN16 3BZ
England

These financial statements were authorised for issue by the director on 2 October 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.

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.

 

Notes to the Financial Statements for the Year Ended 31 January 2017

3

Debtors

2017
£

2016
£

Other debtors

1

1

Total current trade and other debtors

1

1

4

Creditors

Note

2017
£

2016
£

Due within one year

 

Trade creditors

 

13

163

Other payables

 

223

-

Accrued expenses

 

60

60

 

296

223

5

Share capital

Allotted, called up and fully paid shares

 

2017

2016

 

No.

£

No.

£

Ordinary shares of £ 1 each

1

1

1

1