FASTEK LIMITED - Accounts

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Registered Number: 09353994

England and Wales

FASTEK LIMITED

Abridged Accounts

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

FASTEK LIMITED
Contents Page
For the year ended 31 December 2021

Statement of financial position	1
Notes to the financial statements	2

FASTEK LIMITED
Statement of Financial Position
As at 31 December 2021

	2021 £	2020 £
Current assets
Debtors: amounts falling due within one year	0	39,979
Cash at bank and in hand	(24,567)	(24,039)
	(24,567)	15,940
Creditors: amount falling due within one year	(22,073)	661
Net current liabilities	(46,640)	16,601

Total assets less current liabilities	(46,640)	16,601
Creditors: amount falling due after more than one year	(50,633)	(50,000)
Net liabilities	(97,273)	(33,399)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(97,373)	(33,499)
Shareholder's funds	(97,273)	(33,399)

For the year ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.

These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 25 August 2022 and were signed by:

--------------------------------
Mr.Sunil Kumar Vellanki
Director

FASTEK LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 December 2021

General Information

FASTEK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09353994, registration address VYSE TERRACE BRANSTON COURT, BRANSTON STREET BIRMINGHAM, , B18 6BA

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.	Average number of employees Average number of employees during the year was 0 (2020 : 0).

Share Capital

Allotted, called up and fully paid	2021 £		2020 £
100 Ordinary shares of £1.00 each	100		100
	100		100

4.	Control Mr. Sunil Kumar Vellanki is only director and 100 % share holder having ultimate control power.