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Company registration number:12043134
U2CHINA LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 June 2022
U2CHINA LIMITED
BALANCE SHEET
AS AT 30 June 2022
2022 2021
Notes £ £ £ £
FIXED ASSETS
Tangible assets35,6348,057
5,6348,057
CURRENT ASSETS
Stocks13,170104,000
Debtors4166,865148,160
Cash at bank and in hand262,609167,655
442,644419,815
CREDITORS
Amounts falling due within one year 5 (272,193) (370,579)
NET CURRENT ASSETS 170,451 49,236
TOTAL ASSETS LESS
CURRENT LIABILITIES 176,085 57,293
PROVISIONS FOR LIABILITIES(955)(1,390)
NET ASSETS 175,130 55,903
CAPITAL AND RESERVES
Called-up equity share capital 6 100 100
Profit and loss account 175,030 55,803
SHAREHOLDERS FUNDS 175,130 55,903
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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 12 September 2022 and signed on its behalf.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
..........................................................................
Ms Lili Zhang
12 September 2022
The annexed notes form part of these financial statements.

U2CHINA LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2022
Share Share P and L Revaluation Other Total
Capital Premium Account reserve reserves equity
£ £ £ £ £ £
Balance at 1 July 2020100080400904
Changes in equity
Dividend00(18,850)00(18,850)
Total Comprehensive Income0073,8490073,849
Balance at 30 June 2021100055,8030055,903
Changes in equity
Dividend00(132,700)00(132,700)
Total comprehensive income00251,92700251,927
Balance at 30 June 20221000175,03000175,130

U2CHINA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
1. Accounting policies
Statutory information
The company is registered in England and its registered number is 12043134. The company is a private company limited by shares. Its registered office is 492 Bristol Road, Selly Oak, Birmingham, B29 6BD.
Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.
Fixed Assets
Tangible fixed assets are stated at cost less depreciation Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and Machinery 33% per annum of cost
Fixtures and Fittings 15% reducing balance basis
Motor Vehicles 25% reducing balance basis
Stocks and Work In Progress
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.
Government grants
The Coronavirus Job Retention Scheme Grant is recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.
Deferred Taxation
Deferred tax is provided on the liability method take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Pension Scheme
The company operates a defined contribution pension scheme, NEST pension scheme, and the pension charge represents the amounts payable by the company to the fund in respect of the year.
2.Employees
The average number of persons employed by the company (including directors) during the year was 7.
3.Tangible fixed assets
Plant Motor F and F Total
Cost
At start of period 2,704 11,900 100 14,704
Additions 245 0 0 245
At end of period 2,949 11,900 100 14,949
Depreciation
At start of period 1,413 5,206 28 6,647
Provided during the period 983 1,674 11 2,668
At end of period 2,396 6,880 39 9,315
Net Book Value
At start of period 1,291 6,694 72 8,057
At end of period 553 5,020 61 5,634
4.Debtors
20222021
££
Due within one year
Trade Debtors63,5170
Other Debtors97,004148,160
Prepayments and accrued income6,3440
166,865148,160
5.Creditors due within one year
20222021
££
Trade creditors4450
Bank Loans and Overdrafts86,46264,444
Corporation Tax59,52917,652
Other taxes and social security costs366495
Accruals and deferred income43,91916,558
Loan from directors81,470271,427
272,193 370,579
6. Share capital Alloted, Issued and fully paid
2022 2021
£ £
Ordinary shares of £1 each100100
Total issued share capital100100
7.Related Party Transactions
During the year, the company paid dividend of £79,620 to the director and £53,080 to the director's husband.