1 November 2020 v2022.13.1 limited_company_frs_102_section_1a_v1_0_8 companies_houseSoftwarefalsetruetruetrueNo description of principal activitytruexbrli:purexbrli:sharesiso4217:GBP110302752020-11-012021-10-31110302752021-10-31110302752020-10-3111030275core:WithinOneYear2021-10-3111030275core:WithinOneYear2020-10-3111030275core:ShareCapital2021-10-3111030275core:ShareCapital2020-10-3111030275core:RetainedEarningsAccumulatedLosses2021-10-3111030275core:RetainedEarningsAccumulatedLosses2020-10-3111030275bus:Director12020-11-012021-10-3111030275bus:RegisteredOffice2020-11-012021-10-31110302752019-11-012020-10-311103027512020-11-012021-10-3111030275countries:EnglandWales2020-11-012021-10-3111030275bus:AuditExemptWithAccountantsReport2020-11-012021-10-3111030275bus:PrivateLimitedCompanyLtd2020-11-012021-10-3111030275bus:SmallEntities2020-11-012021-10-3111030275bus:FullAccounts2020-11-012021-10-31
Company registration number:
11030275
Fanxiang Chen Limited
Unaudited Filleted Financial Statements for the year ended
31 October 2021
Fanxiang Chen Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Fanxiang Chen Limited
Year ended
31 October 2021
As described on the statement of financial position, the Board of Directors of
Fanxiang Chen Limited
are responsible for the preparation of the
financial statements
for the year ended
31 October 2021
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
SG & CO ACCOUNTANTS (UK) LIMITED
16 Upper Woburn Place
London
WC1H 0AF
United Kingdom
Date:
15 August 2022
Fanxiang Chen Limited
Statement of Financial Position
31 October 2021
20212020
Note££
Current assets    
Debtors 5
113,497
 
101,817
 
Cash at bank and in hand
1,836
 
27,930
 
115,333
 
129,747
 
Creditors: amounts falling due within one year 6
(69,116
)
(100,154
)
Net current assets
46,217
 
29,593
 
Total assets less current liabilities 46,217   29,593  
Capital and reserves    
Called up share capital
1
 
1
 
Profit and loss account
46,216
 
29,592
 
Shareholders funds
46,217
 
29,593
 
For the year ending
31 October 2021
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
15 August 2022
, and are signed on behalf of the board by:
F Chen
Director
Company registration number:
11030275
Fanxiang Chen Limited
Notes to the Financial Statements
Year ended
31 October 2021

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
162 Whitelands Way
,
Bicester
,
OX26 1AJ
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2020:
2.00
).

5 Debtors

20212020
££
Trade debtors
113,497
 
101,817
 

6 Creditors: amounts falling due within one year

20212020
££
Bank loans and overdrafts
75,680
 
73,757
 
Trade creditors
1,101
 
1,008
 
Taxation and social security
(9,098
)
(27,831
)
Other creditors
1,433
 
53,220
 
69,116
 
100,154