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Company Registration No. 8944535 (England and Wales)
Xun Long Product and Project Management Limited Unaudited accounts for the year ended 31 March 2022
Xun Long Product and Project Management Limited Unaudited accounts Contents
Page
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Xun Long Product and Project Management Limited Company Information for the year ended 31 March 2022
Director
Michael Ian Turner
Company Number
8944535 (England and Wales)
Registered Office
2 ELM PARK LEEDS ROAD HALIFAX WEST YORKSHIRE HX3 8NH ENGLAND
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Xun Long Product and Project Management Limited Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
23,248 
30,743 
Current assets
Debtors
206,942 
90,178 
Cash at bank and in hand
39,926 
193,240 
246,868 
283,418 
Creditors: amounts falling due within one year
(166,626)
(103,938)
Net current assets
80,242 
179,480 
Total assets less current liabilities
103,490 
210,223 
Creditors: amounts falling due after more than one year
(41,667)
(45,833)
Net assets
61,823 
164,390 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
61,821 
164,388 
Shareholders' funds
61,823 
164,390 
For the year ending 31 March 2022 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 September 2022 and were signed on its behalf by
Michael Ian Turner Director Company Registration No. 8944535
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Xun Long Product and Project Management Limited Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
Xun Long Product and Project Management Limited is a private company, limited by shares, registered in England and Wales, registration number 8944535. The registered office is 2 ELM PARK, LEEDS ROAD, HALIFAX, WEST YORKSHIRE, HX3 8NH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Xun Long Product and Project Management Limited Notes to the Accounts for the year ended 31 March 2022
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2021
75,000 
At 31 March 2022
75,000 
Amortisation
At 1 April 2021
75,000 
At 31 March 2022
75,000 
Net book value
At 31 March 2022
- 
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2021
27,317 
4,119 
7,293 
38,729 
Additions
- 
- 
253 
253 
At 31 March 2022
27,317 
4,119 
7,546 
38,982 
Depreciation
At 1 April 2021
287 
3,142 
4,557 
7,986 
Charge for the year
6,757 
244 
747 
7,748 
At 31 March 2022
7,044 
3,386 
5,304 
15,734 
Net book value
At 31 March 2022
20,273 
733 
2,242 
23,248 
At 31 March 2021
27,030 
977 
2,736 
30,743 
6
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
- 
3,672 
Trade debtors
163,843 
37,402 
Accrued income and prepayments
548 
899 
Other debtors
42,551 
48,205 
206,942 
90,178 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
4,167 
4,167 
VAT
30,127 
- 
Trade creditors
80,113 
21,741 
Other creditors
3,229 
13,551 
Accruals
48,990 
64,479 
166,626 
103,938 
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Xun Long Product and Project Management Limited Notes to the Accounts for the year ended 31 March 2022
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
41,667 
45,833 
Aggregate of amounts that fall due for payment after five years
1,683 
5,833 
Bank loans are secured under the government bounce back loans scheme. Interest will be charged at 2.5% and repayments commence 13 months after the date of the agreement. Interest in the first 12 months is paid by the government under the Business Interruption Payment scheme and has been accounted for as government grants.
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Directors Loan
9,315 
9,933 
9,315 
9,933 
9,315 
9,933 
9,315 
9,933 
Directors loans were interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 4 (2021: 4).
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