FOK TRADING LIMITED

FOK TRADING LIMITED

FOK TRADING LIMITED - Company Information

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FOK TRADING LIMITED

Company Registration Number:
05864449 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2022

Period of accounts

Start date: 01 July 2021

End date: 30 June 2022

FOK TRADING LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2022

Balance sheet
Notes

FOK TRADING LIMITED

Balance sheet

As at 30 June 2022


Notes
2022
2021


£
£
Fixed assets
Intangible assets: 3 4,273 14,065
Tangible assets: 4 11,564 519,427
Investments: 5 5 147,588
Total fixed assets: 15,842 681,080
Current assets
Stocks: 1,692,338 1,193,578
Debtors: 6 420,369 673,820
Cash at bank and in hand: 748,408 496,454
Total current assets: 2,861,115 2,363,852
Creditors: amounts falling due within one year: 7 (213,745) (224,949)
Net current assets (liabilities): 2,647,370 2,138,903
Total assets less current liabilities: 2,663,212 2,819,983
Creditors: amounts falling due after more than one year: 8 (151,859) (229,151)
Provision for liabilities: (21,578) (33,149)
Total net assets (liabilities): 2,489,775 2,557,683
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:90205,195
Profit and loss account: 2,489,675 2,352,388
Shareholders funds: 2,489,775 2,557,683

The notes form part of these financial statements

FOK TRADING LIMITED

Balance sheet statements

For the year ending 30 June 2022 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 March 2023
and signed on behalf of the board by:

Name: Mr N Fok
Status: Director

The notes form part of these financial statements

FOK TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FOK TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

2. Employees

2022 2021
Average number of employees during the period 8 6

FOK TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

3. Intangible Assets

Total
Cost £
At 01 July 2021 48,960
At 30 June 2022 48,960
Amortisation
At 01 July 2021 34,895
Charge for year 9,792
At 30 June 2022 44,687
Net book value
At 30 June 2022 4,273
At 30 June 2021 14,065

FOK TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

4. Tangible Assets

Total
Cost £
At 01 July 2021 597,464
Additions 3,160
Disposals (550,000)
At 30 June 2022 50,624
Depreciation
At 01 July 2021 78,037
Charge for year 11,488
On disposals (50,465)
At 30 June 2022 39,060
Net book value
At 30 June 2022 11,564
At 30 June 2021 519,427

FOK TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

5. Fixed investments

Shares in group undertakings and participating interests £nil (2021: £147,583)Other investments other than loans £5 (2021: £5)

FOK TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

6. Debtors

2022 2021
££
Debtors due after more than one year: 77,155 72,814

FOK TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

7. Creditors: amounts falling due within one year note

Bank loans £75,843 (2021: £99,873)Trade creditors £72,334 (2021: £85,701)Taxation and social security 24,413 (2021: £3,013)Other creditors £41,155 (£36,362)Total £213,745 2021: £224,949

FOK TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

8. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts £151,859 (2021: £229,151)

FOK TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2022

9. Revaluation reserve

2022
£
Balance at 01 July 2021 205,195
Surplus or deficit after revaluation (205,195)
Balance at 30 June 2022 0