Company Registration No. 10608261 (England and Wales)
EFE ELECTRONIC COMMERCE (UK) LTD
Unaudited accounts
for the year ended 31 March 2020
EFE ELECTRONIC COMMERCE (UK) LTD
Unaudited accounts
Contents
EFE ELECTRONIC COMMERCE (UK) LTD
Company Information
for the year ended 31 March 2020
Company Number
10608261 (England and Wales)
Registered Office
UNIT 5
RINGWAY TRADING ESTATE
Manchester
M22 5LH
United Kingdom
EFE ELECTRONIC COMMERCE (UK) LTD
Statement of financial position
as at 31 March 2020
Tangible assets
5,600
7,465
Cash at bank and in hand
24,459
14,644
Creditors: amounts falling due within one year
(245,923)
(183,895)
Net current liabilities
(216,264)
(153,251)
Net liabilities
(210,664)
(145,786)
Called up share capital
1
1
Profit and loss account
(210,665)
(145,787)
Shareholders' funds
(210,664)
(145,786)
For the year ending 31 March 2020 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 6 July 2020 and were signed on its behalf by
Hong Chuen Yu
Director
Company Registration No. 10608261
EFE ELECTRONIC COMMERCE (UK) LTD
Notes to the Accounts
for the year ended 31 March 2020
EFE ELECTRONIC COMMERCE (UK) LTD is a private company, limited by shares, registered in England and Wales, registration number 10608261. The registered office is UNIT 5, RINGWAY TRADING ESTATE, Manchester, M22 5LH, 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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
Reducing balance at 25%
Fixtures & fittings
Reducing balance at 25%
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2019
12,867
404
13,271
At 31 March 2020
12,867
404
13,271
At 1 April 2019
5,629
177
5,806
Charge for the year
1,809
56
1,865
At 31 March 2020
7,438
233
7,671
At 31 March 2020
5,429
171
5,600
At 31 March 2019
7,238
227
7,465
Other debtors
5,200
16,000
EFE ELECTRONIC COMMERCE (UK) LTD
Notes to the Accounts
for the year ended 31 March 2020
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
4,046
2,542
Other creditors
240,837
180,113
7
Average number of employees
During the year the average number of employees was 1 (2019: 1).
