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REGISTERED NUMBER: 00975232












Financial Statements for the Year Ended 31 March 2017

for

FLC DISTRIBUTORS LTD

FLC DISTRIBUTORS LTD (REGISTERED NUMBER: 00975232)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2017










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


FLC DISTRIBUTORS LTD

Company Information
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTOR: J C Isow





SECRETARY: Mrs V C Isow





REGISTERED OFFICE: 1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ





REGISTERED NUMBER: 00975232





ACCOUNTANTS: BBK Partnership
Chartered Accountants
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

FLC DISTRIBUTORS LTD (REGISTERED NUMBER: 00975232)

Balance Sheet
31 MARCH 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,350 104,238

CURRENT ASSETS
Stocks 759,129 581,980
Debtors 5 253,762 154,228
Prepayments and accrued income 927 927
Cash at bank and in hand 96,754 15,994
1,110,572 753,129
CREDITORS
Amounts falling due within one year 6 1,092,006 774,627
NET CURRENT ASSETS/(LIABILITIES) 18,566 (21,498 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,916

82,740

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 116,914 82,738
SHAREHOLDERS' FUNDS 116,916 82,740

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FLC DISTRIBUTORS LTD (REGISTERED NUMBER: 00975232)

Balance Sheet - continued
31 MARCH 2017


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 28 December 2017 and were signed by:





J C Isow - Director


FLC DISTRIBUTORS LTD (REGISTERED NUMBER: 00975232)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2017


1. STATUTORY INFORMATION

FLC Distributors Ltd is a private company, limited by shares , registered in Not specified/Other. The company's
registered number and registered office address can be found on the Company Information page.

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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

FLC DISTRIBUTORS LTD (REGISTERED NUMBER: 00975232)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2017


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2016
and 31 March 2017 70,000 214,369 284,369
DEPRECIATION
At 1 April 2016 - 180,131 180,131
Charge for year - 5,888 5,888
At 31 March 2017 - 186,019 186,019
NET BOOK VALUE
At 31 March 2017 70,000 28,350 98,350
At 31 March 2016 70,000 34,238 104,238

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade debtors 54,671 83,635
Other debtors 199,091 70,593
253,762 154,228

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Bank loans and overdrafts - 145,204
Trade creditors 810,660 526,934
Taxation and social security 75,195 17,179
Other creditors 206,151 85,310
1,092,006 774,627

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Director's current a/c was overdrawn as at 31.03.2017 and has subsequently been repaid by August 2017.