IRIS Accounts Production v24.1.0.578 11698497 director 1.12.22 30.11.23 30.11.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh116984972022-11-30116984972023-11-30116984972022-12-012023-11-30116984972021-11-30116984972021-12-012022-11-30116984972022-11-3011698497ns15:EnglandWales2022-12-012023-11-3011698497ns14:PoundSterling2022-12-012023-11-3011698497ns10:Director12022-12-012023-11-3011698497ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3011698497ns10:SmallEntities2022-12-012023-11-3011698497ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3011698497ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3011698497ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3011698497ns10:FullAccounts2022-12-012023-11-3011698497ns10:OrdinaryShareClass12022-12-012023-11-3011698497ns10:RegisteredOffice2022-12-012023-11-3011698497ns5:CurrentFinancialInstruments2023-11-3011698497ns5:CurrentFinancialInstruments2022-11-3011698497ns5:Non-currentFinancialInstruments2023-11-3011698497ns5:Non-currentFinancialInstruments2022-11-3011698497ns5:ShareCapital2023-11-3011698497ns5:ShareCapital2022-11-3011698497ns5:RetainedEarningsAccumulatedLosses2023-11-3011698497ns5:RetainedEarningsAccumulatedLosses2022-11-3011698497ns5:PlantMachinery2022-11-3011698497ns5:PlantMachinery2022-12-012023-11-3011698497ns5:PlantMachinery2023-11-3011698497ns5:PlantMachinery2022-11-3011698497ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3011698497ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3011698497ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-11-3011698497ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-11-3011698497ns5:DeferredTaxation2022-11-3011698497ns5:DeferredTaxation2022-12-012023-11-3011698497ns5:DeferredTaxation2023-11-3011698497ns10:OrdinaryShareClass12023-11-30
REGISTERED NUMBER: 11698497 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th November 2023

for

FADEX TRADING LTD

FADEX TRADING LTD (REGISTERED NUMBER: 11698497)






Contents of the Financial Statements
FOR THE YEAR ENDED 30TH NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FADEX TRADING LTD

Company Information
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTOR: A Waheed





REGISTERED OFFICE: Unit 5 58 Market Street
Paddock
Huddersfield
HD1 4SH





REGISTERED NUMBER: 11698497 (England and Wales)





ACCOUNTANTS: Silver Arc
Chartered Certified Accountants
1 Quality Court
Chancery Lane
London
WC2A 1HR

FADEX TRADING LTD (REGISTERED NUMBER: 11698497)

Balance Sheet
30TH NOVEMBER 2023

30/11/23 30/11/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 237 316

CURRENT ASSETS
Debtors 5 5,325 7,667
Cash at bank and in hand 2,624 3,478
7,949 11,145
CREDITORS
Amounts falling due within one year 6 (35,383 ) (35,343 )
NET CURRENT LIABILITIES (27,434 ) (24,198 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(27,197

)

(23,882

)

CREDITORS
Amounts falling due after more than one
year

7

(22,338

)

(22,338

)

PROVISIONS FOR LIABILITIES 8 (435 ) (390 )
NET LIABILITIES (49,970 ) (46,610 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (49,971 ) (46,611 )
SHAREHOLDERS' FUNDS (49,970 ) (46,610 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FADEX TRADING LTD (REGISTERED NUMBER: 11698497)

Balance Sheet - continued
30TH NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th August 2024 and were signed by:





A Waheed - Director


FADEX TRADING LTD (REGISTERED NUMBER: 11698497)

Notes to the Financial Statements
FOR THE YEAR ENDED 30TH NOVEMBER 2023

1. STATUTORY INFORMATION

Fadex Trading Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:
Computer equipment - 25% Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

FADEX TRADING LTD (REGISTERED NUMBER: 11698497)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet
when there is an enforceable right to set off the recognised amounts and there is an intention
to settle on a net basis or to realise the asset and settle the liability simultaneously.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financin transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2022
and 30th November 2023 1,000
DEPRECIATION
At 1st December 2022 684
Charge for year 79
At 30th November 2023 763
NET BOOK VALUE
At 30th November 2023 237
At 30th November 2022 316

5. DEBTORS
30/11/23 30/11/22
£    £   
Amounts falling due within one year:
Trade debtors 3,525 5,867

FADEX TRADING LTD (REGISTERED NUMBER: 11698497)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023

5. DEBTORS - continued
30/11/23 30/11/22
£    £   
Amounts falling due after more than one year:
Other debtors 1,800 1,800

Aggregate amounts 5,325 7,667

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Trade creditors 641 1,732
Taxation and social security 10,575 7,881
Other creditors 24,167 25,730
35,383 35,343

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
£    £   
Bank loans 22,338 22,338

Amounts falling due in more than five years:

Repayable by instalments
BBL - 22,338

8. PROVISIONS FOR LIABILITIES
30/11/23 30/11/22
£    £   
Deferred tax 435 390

Deferred
tax
£   
Balance at 1st December 2022 390
Provided during year 45
Balance at 30th November 2023 435

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/23 30/11/22
value: £    £   
1 Ordinary 1 1 1