Company Registration No. 04558439 (England and Wales)
Fans (UK) Limited
Unaudited accounts
for the year ended 31 October 2023
Fans (UK) Limited
Unaudited accounts
Contents
Fans (UK) Limited
Company Information
for the year ended 31 October 2023
Directors
Bahadur Singh Dhillon
Manga Singh Dhillon
Company Number
04558439 (England and Wales)
Registered Office
Unit B Endeavour Park
London Road
Addington West Malling
Kent
ME19 5SH
United Kingdom
Fans (UK) Limited
Statement of financial position
as at 31 October 2023
Tangible assets
331,773
380,566
Cash at bank and in hand
1,274,585
1,288,896
Creditors: amounts falling due within one year
(1,678,473)
(1,567,491)
Net current assets
650,531
250,222
Total assets less current liabilities
982,304
630,788
Creditors: amounts falling due after more than one year
(17,365)
(27,442)
Net assets
964,939
603,346
Called up share capital
100
100
Profit and loss account
964,839
603,246
Shareholders' funds
964,939
603,346
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by
Manga Singh Dhillon
Director
Company Registration No. 04558439
Fans (UK) Limited
Notes to the Accounts
for the year ended 31 October 2023
Fans (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 04558439. The registered office is Unit B Endeavour Park, London Road, Addington West Malling, Kent, ME19 5SH, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Land & buildings
15 Years Straight line
Plant & machinery
15% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Fans (UK) Limited
Notes to the Accounts
for the year ended 31 October 2023
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
-
9,118
1,131,497
1,140,615
Additions
-
1,750
7,136
8,886
At 31 October 2023
-
10,868
1,138,633
1,149,501
At 1 November 2022
-
9,049
751,000
760,049
Charge for the year
55
454
57,170
57,679
At 31 October 2023
55
9,503
808,170
817,728
At 31 October 2023
(55)
1,365
330,463
331,773
At 31 October 2022
-
69
380,497
380,566
Amounts falling due within one year
Trade debtors
7,943
30,593
Amounts due from group undertakings etc.
983,684
463,684
Accrued income and prepayments
15,750
-
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,077
9,829
Trade creditors
101,488
183,074
Amounts owed to group undertakings and other participating interests
907,454
769,454
Taxes and social security
364,960
310,320
Other creditors
294,494
294,814
8
Creditors: amounts falling due after more than one year
2023
2022
9
Average number of employees
During the year the average number of employees was 184 (2022: 149).