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Registered Number: 08869651
England and Wales

 

 

 

FAT KEI LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2022

End date: 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of FAT KEI LIMITED for the year ended 31 January 2023 which comprise the Income Statement, the Statement of Financial Position, the Statement of Changes in Equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://icaew.com/regulations.

This report is made solely to the Board of Directors of FAT KEI LIMITED, as a body, in accordance with the terms of our engagement letter dated 31 January 2016. Our work has been undertaken solely to prepare for your approval the financial statements of FAT KEI LIMITED and state those matters that we have agreed to state to the Board of Directors of FAT KEI LIMITED, as a body, in this report in accordance with AAF 2/10 as detailed at http://icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FAT KEI LIMITED and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that FAT KEI LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of FAT KEI LIMITED. You consider that FAT KEI LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of FAT KEI LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.



....................................................
P and Co (Partners) LLP
18 Ensign Street
London
E1 8PA
06 October 2023
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 781    1,042 
781    1,042 
Current assets      
Stocks 4 2,998    2,564 
Debtors: amounts falling due within one year 5 14,252    33,717 
Cash at bank and in hand 25,055    26,193 
42,305    62,474 
Creditors: amount falling due within one year 6 (36,396)   (31,155)
Net current assets 5,909    31,319 
 
Total assets less current liabilities 6,690    32,361 
Creditors: amount falling due after more than one year 7 (22,452)   (31,353)
Net liabilities (15,762)   1,008 
 

Capital and reserves
     
Called up share capital 8 1,000    1,000 
Profit and loss account (16,762)   8 
Shareholder's funds (15,762)   1,008 
 


For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 05 October 2023 and were signed by:


-------------------------------
Mr Ian Ha
Director
2
General Information
FAT KEI LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08869651, registration address 18 Ensign Street, London, E1 8PA. The trading address of the company is 170 Eynsham Drive, Abbeywood, London, SE2 9PT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
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:
Fixtures and Fittings 25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees


Average number of employees during the year was 6 (2022 : 6).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 February 2022 4,873    4,873 
Additions  
Disposals  
At 31 January 2023 4,873    4,873 
Depreciation
At 01 February 2022 3,831    3,831 
Charge for year 261    261 
On disposals  
At 31 January 2023 4,092    4,092 
Net book values
Closing balance as at 31 January 2023 781    781 
Opening balance as at 01 February 2022 1,042    1,042 


4.

Stocks

2023
£
  2022
£
Finished Goods 2,998    2,564 
2,998    2,564 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Prepayments & Accrued Income   931 
Other Debtors 10,858    10,858 
Corporation Tax 3,394   
Directors' Current Accounts   21,928 
14,252    33,717 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Bank Loans & Overdrafts 8,901    8,682 
Corporation Tax   9,513 
PAYE & Social Security 1,346    5,177 
Accrued Expenses 9,794    5,739 
Directors' Current Accounts 8,550   
VAT 7,805    2,044 
36,396    31,155 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts 22,452    31,353 
22,452    31,353 

8.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
1,000 Ordinary shares of £1.00 each 1,000    1,000 
1,000    1,000 

3