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Company Registration No. 11134625 (England and Wales)
Fanchoi Limited Unaudited accounts for the year ended 31 December 2023
Fanchoi Limited Unaudited accounts Contents
Page
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Fanchoi Limited Company Information for the year ended 31 December 2023
Director
Achoi Ngo
Company Number
11134625 (England and Wales)
Registered Office
203 West Street Fareham PO16 0EN
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Fanchoi Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,396 
1,861 
Current assets
Inventories
112,632 
112,632 
Debtors
- 
26,584 
Cash at bank and in hand
39,683 
38,386 
152,315 
177,602 
Creditors: amounts falling due within one year
(98,853)
(110,295)
Net current assets
53,462 
67,307 
Total assets less current liabilities
54,858 
69,168 
Creditors: amounts falling due after more than one year
(8,142)
(13,510)
Net assets
46,716 
55,658 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
45,716 
54,658 
Shareholders' funds
46,716 
55,658 
For the year ending 31 December 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 1 February 2024 and were signed on its behalf by
Achoi Ngo Director Company Registration No. 11134625
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Fanchoi Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Fanchoi Limited is a private company, limited by shares, registered in England and Wales, registration number 11134625. The registered office is 203 West Street, Fareham, PO16 0EN.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25 % reducing balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
3,099 
At 31 December 2023
3,099 
Depreciation
At 1 January 2023
1,238 
Charge for the year
465 
At 31 December 2023
1,703 
Net book value
At 31 December 2023
1,396 
At 31 December 2022
1,861 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
300 
Other debtors
- 
26,284 
- 
26,584 
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Fanchoi Limited Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,367 
5,235 
VAT
855 
830 
Trade creditors
13,701 
6,317 
Taxes and social security
- 
366 
Loans from directors
78,547 
97,137 
Accruals
383 
410 
98,853 
110,295 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
8,142 
13,510 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Achoi Ngo
Director Loan Account
(97,137)
(6,432)
(25,022)
(78,547)
(97,137)
(6,432)
(25,022)
(78,547)
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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