Micro-entity Accounts - FANTOX LTD

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Registered Number 09266446

FANTOX LTD

Micro-entity Accounts

31 October 2017

FANTOX LTD Registered Number 09266446

Micro-entity Balance Sheet as at 31 October 2017

	Notes	2017	2016
		£	£
Fixed assets
Tangible assets	1	41,384	46,590
		41,384	46,590
Current assets
Debtors		155,969	158,031
Cash at bank and in hand		30,653	26,905
		186,622	184,936
Creditors: amounts falling due within one year		(2,351)	(1,744)
Net current assets (liabilities)		184,271	183,192
Total assets less current liabilities		225,655	229,782
Creditors: amounts falling due after more than one year		(222,700)	(222,700)
Total net assets (liabilities)		2,955	7,082
Capital and reserves
Called up share capital	2	100	100
Profit and loss account		2,855	6,982
Shareholders' funds		2,955	7,082

For the year ending 31 October 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 8 March 2018

And signed on their behalf by:
Muhammad Sajjad Anwar CHAUDHARY, Director

Footnotes:

Advances and credits
TRANSACTIONS WITH DIRECTORS
Name of director receiving advance or credit: Muhammad Sajjad Anwar Chaudhary
Description of the transaction: Director Loan / Investment
Balance at 01/11/2016 £222,700
Advances or credit made £0
Advances or credit repaid £0
Balance at 31/10/2017 £222,700

The director provided an unsecured loan to the company throughout the year 2014 – 2015 and 2015 – 2016. The loan is provided for the duration of six years and is subordinated in favour of all third party creditors. No interest is charged on the outstanding amount for the year 2016 – 2017. At the balance sheet date 31/10/2017, the loan balance was £222,700/-

FANTOX LTD Registered Number 09266446

Notes to the Micro-entity Accounts for the period ended 31 October 2017

1Tangible fixed assets

	£
Cost
At 1 November 2016	62,869
Additions	4,970
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2017	67,839
Depreciation
At 1 November 2016	16,279
Charge for the year	10,176
On disposals	-
At 31 October 2017	26,455
Net book values
At 31 October 2017	41,384
At 31 October 2016	46,590

2Called Up Share Capital
Allotted, called up and fully paid:

	2017 £	2016 £
100 Ordinary shares of £1 each	100	100

3Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Office Equipment, Fixtures & Fittings and Motor Vehicles straight line at 15%