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REGISTERED NUMBER: 05091122 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Faye (Uk) Ltd

Faye (Uk) Ltd (Registered number: 05091122)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Faye (Uk) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D Li





REGISTERED OFFICE: Unit 5, River Brent Business Park
Trumpers Way
London
W7 2QA





REGISTERED NUMBER: 05091122 (England and Wales)






Faye (Uk) Ltd (Registered number: 05091122)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,119 44,047

CURRENT ASSETS
Stocks 313,154 221,445
Debtors 5 241,938 177,241
Cash at bank and in hand 525,340 876,203
1,080,432 1,274,889
CREDITORS
Amounts falling due within one year 6 302,560 242,789
NET CURRENT ASSETS 777,872 1,032,100
TOTAL ASSETS LESS CURRENT LIABILITIES 820,991 1,076,147

CREDITORS
Amounts falling due after more than one
year

7

121,412

262,996
NET ASSETS 699,579 813,151

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 699,479 813,051
SHAREHOLDERS' FUNDS 699,579 813,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 18 September 2024 and were signed by:




D Li - Director


Faye (Uk) Ltd (Registered number: 05091122)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Faye (Uk) 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 59,718 57,301 102,124 219,143
Additions - - 38,500 38,500
Disposals (59,718 ) - (102,124 ) (161,842 )
At 31 March 2024 - 57,301 38,500 95,801
DEPRECIATION
At 1 April 2023 59,718 28,705 86,673 175,096
Charge for year - 14,352 25,076 39,428
Eliminated on disposal (59,718 ) - (102,124 ) (161,842 )
At 31 March 2024 - 43,057 9,625 52,682
NET BOOK VALUE
At 31 March 2024 - 14,244 28,875 43,119
At 31 March 2023 - 28,596 15,451 44,047

Faye (Uk) Ltd (Registered number: 05091122)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 224,538 159,841
Rent deposit 17,400 17,400
241,938 177,241

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 115,049 150,273
Tax - 4,581
VAT 88,696 45,458
Other creditors 6,965 10,627
Directors' current accounts 88,000 28,000
Accrued expenses 3,850 3,850
302,560 242,789

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Other loans - 2-5 years 121,412 182,996
Directors loan account - 80,000
121,412 262,996