House of Shan Ltd
Registered number: 07927644
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 5,502 6,878
Current assets
Debtors 4 - 18,750
Cash at bank and in hand 5,404 4,484
5,404 23,234
Creditors: amounts falling due within one year 5 (12,319) (13,529)
Net current (liabilities)/assets (6,915) 9,705
Total assets less current liabilities (1,413) 16,583
Creditors: amounts falling due after more than one year 6 (19,323) (27,327)
Net liabilities (20,736) (10,744)
Capital and reserves
Called up share capital 1 1
Profit and loss account (20,737) (10,745)
Shareholders' funds (20,736) (10,744)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Eric Fagan
Director
Approved by the board on 23 October 2023
House of Shan Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 4
3 Tangible fixed assets
Plant and machinery etc Fixtures & Fittings Total
£ £ £
Cost
At 1 February 2022 6,451 20,763 27,214
At 31 January 2023 6,451 20,763 27,214
Depreciation
At 1 February 2022 5,173 15,163 20,336
Charge for the year 256 1,120 1,376
At 31 January 2023 5,429 16,283 21,712
Net book value
At 31 January 2023 1,022 4,480 5,502
At 31 January 2022 1,278 5,600 6,878
4 Debtors 2023 2022
£ £
Other debtors - 18,750
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 8,004 8,004
Corporation tax 3,121 4,331
Other creditors 1,194 1,194
12,319 13,529
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 19,323 27,327
7 Other information
House of Shan Ltd is a private company limited by shares and incorporated in England. Its registered office is:
122 Doggett Road
London
SE6 4QB
House of Shan Ltd 07927644 false 2022-02-01 2023-01-31 2023-01-31 VT Final Accounts April 2022 Eric Fagan No description of principal activity 07927644 2021-02-01 2022-01-31 07927644 core:WithinOneYear 2022-01-31 07927644 core:AfterOneYear 2022-01-31 07927644 core:ShareCapital 2022-01-31 07927644 core:RetainedEarningsAccumulatedLosses 2022-01-31 07927644 2022-02-01 2023-01-31 07927644 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 07927644 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 07927644 bus:Director40 2022-02-01 2023-01-31 07927644 core:PlantMachinery 2022-02-01 2023-01-31 07927644 core:Vehicles 2022-02-01 2023-01-31 07927644 countries:England 2022-02-01 2023-01-31 07927644 bus:FRS102 2022-02-01 2023-01-31 07927644 bus:FullAccounts 2022-02-01 2023-01-31 07927644 2023-01-31 07927644 core:WithinOneYear 2023-01-31 07927644 core:AfterOneYear 2023-01-31 07927644 core:ShareCapital 2023-01-31 07927644 core:RetainedEarningsAccumulatedLosses 2023-01-31 07927644 core:PlantMachinery 2023-01-31 07927644 core:Vehicles 2023-01-31 07927644 2022-01-31 07927644 core:PlantMachinery 2022-01-31 07927644 core:Vehicles 2022-01-31 iso4217:GBP xbrli:pure