Company Registration No. 10618302 (England and Wales)
Fuzhen UK Limited
Unaudited accounts
for the year ended 29 February 2024
Fuzhen UK Limited
Unaudited accounts
Contents
Fuzhen UK Limited
Company Information
for the year ended 29 February 2024
Company Number
10618302 (England and Wales)
Registered Office
452 Milton Road
Cambridge
CB4 1ST
England
Accountants
Anthony Daniel Associates Ltd
10 Julian Place
London
E14 3AT
Fuzhen UK Limited
Statement of financial position
as at 29 February 2024
Tangible assets
5,887
4,731
Cash at bank and in hand
7,385
7,199
Creditors: amounts falling due within one year
(14,508)
(14,835)
Net current assets
13,077
22,564
Total assets less current liabilities
18,964
27,295
Creditors: amounts falling due after more than one year
(4,525)
(8,145)
Called up share capital
100
100
Profit and loss account
14,339
19,050
Shareholders' funds
14,439
19,150
For the year ending 29 February 2024 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 28 November 2024 and were signed on its behalf by
Dr Jidong Wu
Director
Company Registration No. 10618302
Fuzhen UK Limited
Notes to the Accounts
for the year ended 29 February 2024
Fuzhen UK Limited is a private company, limited by shares, registered in England and Wales, registration number 10618302. The registered office is 452 Milton Road, Cambridge, CB4 1ST, England.
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.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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:
Plant & machinery
20% at cost
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Fuzhen UK Limited
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery
At 29 February 2024
10,502
Amounts falling due within one year
Other debtors
20,200
30,200
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,620
3,620
Taxes and social security
3,577
3,736
Other creditors
4,362
3,414
Loans from directors
1,895
(3,468)
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
The ultimate controlling party is Dr. Jidong Wu, who is the sole director and holds one hundred percent of the company shares.
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Average number of employees
During the year the average number of employees was 1 (2023: 1).