1 February 2022 false No description of principal activity Taxfiler 2023.9 NI666918business:PrivateLimitedCompanyLtd2022-02-012023-03-31 NI6669182022-01-31 NI6669182022-02-012023-03-31 NI666918business:AuditExemptWithAccountantsReport2022-02-012023-03-31 NI666918business:FilletedAccounts2022-02-012023-03-31 NI6669182023-03-31 NI6669182022-01-31 NI666918core:WithinOneYear2023-03-31 NI666918core:WithinOneYear2022-01-31 NI666918core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 NI666918core:ShareCapitalcore:PreviouslyStatedAmount2022-01-31 NI666918core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 NI666918core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-01-31 NI666918core:PreviouslyStatedAmount2023-03-31 NI666918core:PreviouslyStatedAmount2022-01-31 NI666918business:SmallEntities2022-02-012023-03-31 NI666918business:Director12022-02-012023-03-31 NI666918countries:NorthernIreland2022-02-012023-03-31 NI666918business:RegisteredOffice2022-02-012023-03-31 NI666918core:FurnitureFittings2022-02-012023-03-31 NI666918core:ComputerEquipment2022-01-31 NI666918core:ComputerEquipment2022-02-012023-03-31 NI666918core:ComputerEquipment2023-03-31 NI666918core:AdditionsToInvestments2023-03-31 NI6669182021-02-012022-01-31 iso4217:GBP xbrli:pure
Company Registration No. NI666918 (Northern Ireland)
Chris Kwong Ltd Unaudited accounts for the period from 1 February 2022 to 31 March 2023
Chris Kwong Ltd Unaudited accounts Contents
Page
- 2 -
Chris Kwong Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,609 
755 
Investments
2 
- 
6,611 
755 
Current assets
Debtors
20,616 
112 
Cash at bank and in hand
42,604 
5,135 
63,220 
5,247 
Creditors: amounts falling due within one year
(27,923)
(3,283)
Net current assets
35,297 
1,964 
Net assets
41,908 
2,719 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
41,907 
2,718 
Shareholders' funds
41,908 
2,719 
For the period ending 31 March 2023 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 14 September 2023 and were signed on its behalf by
Chris Kwong Director Company Registration No. NI666918
- 3 -
Chris Kwong Ltd Notes to the Accounts for the period from 1 February 2022 to 31 March 2023
1
Statutory information
Chris Kwong Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI666918. The registered office is 11 Cherry Vale, Lisburn, BT28 1LZ, Northern Ireland.
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 period, 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.
Presentation currency
The accounts are presented in £ sterling.
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.
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:
Fixtures & fittings
20% straight line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
- 4 -
Chris Kwong Ltd Notes to the Accounts for the period from 1 February 2022 to 31 March 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2022
822 
Additions
6,471 
At 31 March 2023
7,293 
Depreciation
At 1 February 2022
67 
Charge for the period
617 
At 31 March 2023
684 
Net book value
At 31 March 2023
6,609 
At 31 January 2022
755 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 February 2022
- 
Additions
2 
Valuation at 31 March 2023
2 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
20,616 
112 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
24,762 
- 
Other creditors
1,889 
2,083 
Accruals
1,272 
1,200 
27,923 
3,283 
8
Transactions with related parties
Included in other creditors is an amount owed to an entity over which the company has control totaling £24,762.
9
Average number of employees
During the period the average number of employees was 2 (2022: 1).
- 5 -