Company Registration No. 08234145 (England and Wales)
Fexcorp Limited
Unaudited accounts
for the year ended 31 January 2019
Fexcorp Limited
Unaudited accounts
Contents
Fexcorp Limited
Company Information
for the year ended 31 January 2019
Director
Samuel Ogheneovie, EMUNEMU
Company Number
08234145 (England and Wales)
Registered Office
27 Old Gloucester Street
London
WC1N 3AX
United Kingdom
Accountants
Ifeanyi Okonkwo
84 Felixstowe Court
Victoria Docks
London
E16 2RS
Fexcorp Limited
Statement of financial position
as at
31 January 2019
Intangible assets
448
1,836
Tangible assets
4,444
5,925
Inventories
25,819
25,819
Cash at bank and in hand
925
(8)
Creditors: amounts falling due within one year
(37,676)
(30,454)
Net current (liabilities)/assets
(10,337)
8,620
Net (liabilities)/assets
(5,445)
16,381
Called up share capital
1
1
Profit and loss account
(5,446)
16,380
Shareholders' funds
(5,445)
16,381
For the year ending 31 January 2019 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.
Approved by the Board on 24 October 2019.
Samuel Ogheneovie, EMUNEMU
Director
Company Registration No. 08234145
Fexcorp Limited
Notes to the Accounts
for the year ended 31 January 2019
Fexcorp Limited is a private company, limited by shares, registered in England and Wales, registration number 08234145. The registered office is 27 Old Gloucester Street, London, WC1N 3AX , 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.
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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The accounts are presented in £ sterling.
Website is sales generating website. Includes within is Private server costs. It has been written off in equal annual instalments over its estimated economic life of 4 years.
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
25% rbm
Computer equipment
25% rbm
4
Intangible fixed assets
Other
Charge for the year
1,388
Fexcorp Limited
Notes to the Accounts
for the year ended 31 January 2019
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2018
14,022
908
14,930
At 31 January 2019
14,022
908
14,930
At 1 February 2018
8,778
227
9,005
Charge for the year
1,311
170
1,481
At 31 January 2019
10,089
397
10,486
At 31 January 2019
3,933
511
4,444
At 31 January 2018
5,244
681
5,925
Finished goods
25,819
25,819
8
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
10,571
12,555
Taxes and social security
5,031
4,657
Loans from directors
21,624
13,242
9
Average number of employees
During the year the average number of employees was 1 (2018: 1).