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Company Registration No. 07964051 (England and Wales)
SHENG XIANG LTD Unaudited accounts for the year ended 28 February 2023
SHENG XIANG LTD Unaudited accounts Contents
Page
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SHENG XIANG LTD Company Information for the year ended 28 February 2023
Director
Iftakhar ALI
Company Number
07964051 (England and Wales)
Registered Office
UNIT 1 PRINCE FREDERICK 35-37 MADDOX STREET LONDON W1S 2PP ENGLAND
Accountants
Samir and Co 254 Goldhawk Road London W12 9PE
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SHENG XIANG LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
20,000 
20,000 
Tangible assets
117,508 
117,948 
137,508 
137,948 
Current assets
Debtors
- 
3,428 
Cash at bank and in hand
44,342 
37,503 
44,342 
40,931 
Creditors: amounts falling due within one year
(280,753)
(293,547)
Net current liabilities
(236,411)
(252,616)
Total assets less current liabilities
(98,903)
(114,668)
Creditors: amounts falling due after more than one year
(70,500)
(54,735)
Net liabilities
(169,403)
(169,403)
Capital and reserves
Called up share capital
141,864 
141,864 
Profit and loss account
(311,267)
(311,267)
Shareholders' funds
(169,403)
(169,403)
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 November 2023 and were signed on its behalf by
Iftakhar ALI Director Company Registration No. 07964051
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SHENG XIANG LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
SHENG XIANG LTD is a private company, limited by shares, registered in England and Wales, registration number 07964051. The registered office is UNIT 1 PRINCE FREDERICK, 35-37 MADDOX STREET, LONDON, W1S 2PP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 March 2022
20,000 
At 28 February 2023
20,000 
Amortisation
At 1 March 2022
- 
At 28 February 2023
- 
Net book value
At 28 February 2023
20,000 
At 28 February 2022
20,000 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
113,551 
14,198 
127,749 
At 28 February 2023
113,551 
14,198 
127,749 
Depreciation
At 1 March 2022
- 
9,801 
9,801 
Charge for the year
- 
440 
440 
At 28 February 2023
- 
10,241 
10,241 
Net book value
At 28 February 2023
113,551 
3,957 
117,508 
At 28 February 2022
113,551 
4,397 
117,948 
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SHENG XIANG LTD Notes to the Accounts for the year ended 28 February 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
3,428 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
289,058 
265,677 
Taxes and social security
6,366 
20,366 
Other creditors
(14,671)
- 
Loans from directors
- 
7,504 
280,753 
293,547 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
41,000 
46,027 
Other creditors
29,500 
7,779 
Accruals
- 
929 
70,500 
54,735 
9
Average number of employees
During the year the average number of employees was 23 (2022: 23).
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