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Company Registration No. 10039621 (England and Wales)
Fuxin Express(uk) International Limited Unaudited accounts for the year ended 31 August 2023
Fuxin Express(uk) International Limited Unaudited accounts Contents
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Fuxin Express(uk) International Limited Company Information for the year ended 31 August 2023
Director
Jiwen MOLICKI
Company Number
10039621 (England and Wales)
Registered Office
Unit 7&8 Enterprise Way Maxted Close Hemel Hempstead HP2 7YJ United Kingdom
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Fuxin Express(uk) International Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
167,333 
107,501 
Current assets
Debtors
381,758 
247,490 
Cash at bank and in hand
75,381 
28,672 
457,139 
276,162 
Creditors: amounts falling due within one year
(1,186,167)
(316,536)
Net current liabilities
(729,028)
(40,374)
Net (liabilities)/assets
(561,695)
67,127 
Capital and reserves
Called up share capital
100,000 
100,000 
Profit and loss account
(661,695)
(32,873)
Shareholders' funds
(561,695)
67,127 
For the year ending 31 August 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 her 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 15 August 2024 and were signed on its behalf by
Jiwen MOLICKI Director Company Registration No. 10039621
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Fuxin Express(uk) International Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Fuxin Express(uk) International Limited is a private company, limited by shares, registered in England and Wales, registration number 10039621. The registered office is Unit 7&8 Enterprise Way, Maxted Close, Hemel Hempstead, HP2 7YJ, 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.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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
10% straight line
Plant & machinery
33.33% straight line
Motor vehicles
25% straight line
Fixtures & fittings
33.33% straight line
Computer equipment
33.33% straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Fuxin Express(uk) International Limited Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 September 2022
19,773 
10,598 
89,184 
17,011 
6,615 
143,181 
Additions
- 
36,218 
89,250 
5,801 
840 
132,109 
At 31 August 2023
19,773 
46,816 
178,434 
22,812 
7,455 
275,290 
Depreciation
At 1 September 2022
1,977 
3,532 
22,296 
5,670 
2,205 
35,680 
Charge for the year
1,977 
15,604 
44,608 
7,603 
2,485 
72,277 
At 31 August 2023
3,954 
19,136 
66,904 
13,273 
4,690 
107,957 
Net book value
At 31 August 2023
15,819 
27,680 
111,530 
9,539 
2,765 
167,333 
At 31 August 2022
17,796 
7,066 
66,888 
11,341 
4,410 
107,501 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
66,938 
- 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
77,729 
73,653 
Trade debtors
12,399 
1,026 
Accrued income and prepayments
- 
67,811 
Other debtors
291,630 
105,000 
381,758 
247,490 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
307,582 
100,269 
Amounts owed to group undertakings and other participating interests
830,491 
184,648 
Taxes and social security
13,771 
5,178 
Other creditors
34,323 
24,616 
Accruals
- 
1,825 
1,186,167 
316,536 
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Fuxin Express(uk) International Limited Notes to the Accounts for the year ended 31 August 2023
7
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 August 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
175,000 
102,083 
Later than one year and not later than five years
313,541 
510,417 
488,541 
612,500 
8
Average number of employees
During the year the average number of employees was 16 (2022: 6).
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