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REGISTERED NUMBER: 06290339 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018

FOR

MINGS CHINESE TAKEAWAY LIMITED

MINGS CHINESE TAKEAWAY LIMITED (REGISTERED NUMBER: 06290339)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MINGS CHINESE TAKEAWAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2018







DIRECTOR: Mr M W Chan





SECRETARY: Mrs Y K Chan





REGISTERED OFFICE: Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS





BUSINESS ADDRESS: 2b Watson Walk
Forest Edge Shopping Centre
West Totton
Hampshire
SO40 8JT





REGISTERED NUMBER: 06290339 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

MINGS CHINESE TAKEAWAY LIMITED (REGISTERED NUMBER: 06290339)

BALANCE SHEET
30 JUNE 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,500 25,000
Tangible assets 5 2,932 3,358
25,432 28,358

CURRENT ASSETS
Stocks 1,200 1,200
Debtors 6 3,576 3,127
Cash at bank and in hand 2,896 1,851
7,672 6,178
CREDITORS
Amounts falling due within one year 7 34,421 30,009
NET CURRENT LIABILITIES (26,749 ) (23,831 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,317

)

4,527

PROVISIONS FOR LIABILITIES - 230
NET (LIABILITIES)/ASSETS (1,317 ) 4,297

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,318 ) 4,296
SHAREHOLDERS' FUNDS (1,317 ) 4,297

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

MINGS CHINESE TAKEAWAY LIMITED (REGISTERED NUMBER: 06290339)

BALANCE SHEET - continued
30 JUNE 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 5 September 2018 and were signed by:





Mr M W Chan - Director


MINGS CHINESE TAKEAWAY LIMITED (REGISTERED NUMBER: 06290339)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018


1. STATUTORY INFORMATION

Mings Chinese Takeaway Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis, on the understanding that the director will continue
to financially support the company. He has undertaken to do this for at least twelve months from the date of
signing the accounts.

Turnover
Turnover represents amounts receivable for meals prepared.

Goodwill
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the balance sheet and
amortised over its estimated useful life up to a maximum of 20 years.

This length of time is presumed to be the maximum useful life of purchased goodwill because it is difficult to
make projections beyond this period.

Amortisation is calculated so as to write off the cost of goodwill, less its residual value, estimated to be zero,
over its useful economic life as follows:

- 5% straight line

This is a departure from accounting standards but is deemed necessary by the directors in order to give a true
and fair view.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the remainder of the lease
Plant and machinery - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

MINGS CHINESE TAKEAWAY LIMITED (REGISTERED NUMBER: 06290339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018


2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2017
and 30 June 2018 50,000
AMORTISATION
At 1 July 2017 25,000
Charge for year 2,500
At 30 June 2018 27,500
NET BOOK VALUE
At 30 June 2018 22,500
At 30 June 2017 25,000

5. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1 July 2017
and 30 June 2018 3,150 7,902 11,052
DEPRECIATION
At 1 July 2017 1,580 6,114 7,694
Charge for year 157 269 426
At 30 June 2018 1,737 6,383 8,120
NET BOOK VALUE
At 30 June 2018 1,413 1,519 2,932
At 30 June 2017 1,570 1,788 3,358

MINGS CHINESE TAKEAWAY LIMITED (REGISTERED NUMBER: 06290339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 3,576 3,127

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors - 29
Other creditors 34,421 29,980
34,421 30,009