Registered number
12700705
Shaxian UK Ltd
Filleted Accounts
28 February 2024
Shaxian UK Ltd
Registered number: 12700705
Balance Sheet
as at 28 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1 1
Current assets
Cash at bank and in hand 350 963
Creditors: amounts falling due within one year 4 (34,075) (33,595)
Net current liabilities (33,725) (32,632)
Net liabilities (33,724) (32,631)
Capital and reserves
Called up share capital 100 100
Profit and loss account (33,824) (32,731)
Shareholder's funds (33,724) (32,631)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Deqin Zheng
Director
Approved by the board on 20 June 2025
Shaxian UK Ltd
Notes to the Accounts
for the period from 1 July 2023 to 28 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the fair value of the rent received or receivable measured on an accrual basis and in accordance with the substance of the relevant tenancy agreement.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Short leasehold property over the lease term
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. No provision for deferred tax is required.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Tangible fixed assets
Short leasehold property
£
Cost
At 1 July 2023 1
At 28 February 2024 1
Depreciation
At 28 February 2024 -
Net book value
At 28 February 2024 1
At 30 June 2023 1
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 34,075 33,595
5 Other information
Shaxian UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
21 Museum Street
London
England
WC1A 1JN
6 Ultimate controlling party
The company is controlled by the sole director.
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