Abbreviated Company Accounts - XIN SHENG YANG (UK) SHIPPING COMPANY LTD

XIN SHENG YANG (UK) SHIPPING COMPANY LTD - Company Information

09736238 XIN SHENG YANG (UK) SHIPPING COMPANY LTD 2016-12-31 false 2015-08-17 2016-12-31 true 09736238 2015-08-17 2016-12-31 09736238 2016-12-31 09736238 uk-gaap-cd-bus:Director1 2015-08-17 2016-12-31 09736238 uk-gaap-cd-bus:Director2 2015-08-17 2016-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-17 2016-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-12-31 iso4217:GBP shares

Registered Number 09736238

XIN SHENG YANG (UK) SHIPPING COMPANY LTD

Abbreviated Accounts

31 December 2016

XIN SHENG YANG (UK) SHIPPING COMPANY LTD Registered Number 09736238

Abbreviated Balance Sheet as at 31 December 2016

	Notes	2016
		£
Fixed assets
Tangible assets	2	501
		501
Current assets
Debtors	3	69,980
Cash at bank and in hand		11,272
		81,252
Net current assets (liabilities)		81,252
Total assets less current liabilities		81,753
Creditors: amounts falling due after more than one year	4	(81,914)
Total net assets (liabilities)		(161)
Capital and reserves
Called up share capital	5	1
Profit and loss account		(162)
Shareholders' funds		(161)

For the year ending 31 December 2016 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 1 May 2017

And signed on their behalf by:
Chi Chen, Director

XIN SHENG YANG (UK) SHIPPING COMPANY LTD Registered Number 09736238

Notes to the Abbreviated Accounts for the period ended 31 December 2016

1Accounting Policies

Basis of measurement and preparation of accounts
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

2Tangible fixed assets

	£
Cost
Additions	501
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2016	501
Depreciation
Charge for the year	-
On disposals	-
At 31 December 2016	-
Net book values
At 31 December 2016	501

3Debtors

	2016 £
Debtors include the following amounts due after more than one year	69,980

4Creditors

	2016 £
Secured Debts	81,914

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £
1 Ordinary shares of £1 each	1