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Company registration number:08096472
HONG KEEN (MIDLANDS) LTD TRADING AS HONG KEEN
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 May 2023
HONG KEEN (MIDLANDS) LTD TRADING AS HONG KEEN
BALANCE SHEET
AS AT 31 May 2023
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets34,5045,004
Tangible assets43,1201,171
7,6246,175
CURRENT ASSETS
Stocks1,5001,600
Debtors5192,14355,893
Cash at bank and in hand115,165109,540
308,808167,033
CREDITORS
Amounts falling due within one year 6 (64,295) (76,191)
NET CURRENT ASSETS 244,513 90,842
TOTAL ASSETS LESS
CURRENT LIABILITIES 252,137 97,017
PROVISIONS FOR LIABILITIES(780)(223)
NET ASSETS 251,357 96,794
CAPITAL AND RESERVES
Called-up equity share capital 7 100 100
Profit and loss account 251,257 96,694
SHAREHOLDERS FUNDS 251,357 96,794
For the year ending 31 May 2023 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 2 August 2023 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 Mei Yen Chew
2 August 2023
The annexed notes form part of these financial statements.

HONG KEEN (MIDLANDS) LTD TRADING AS HONG KEEN
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2023
Share Share P and L Revaluation Other Total
Capital Premium Account reserve reserves equity
£ £ £ £ £ £
Balance at 1 June 2021100085,1680085,268
Changes in equity
Dividend00(50,000)00(50,000)
Total Comprehensive Income0061,5260061,526
Balance at 31 May 2022100096,6940096,794
Changes in equity
Dividend00(45,000)00(45,000)
Total comprehensive income00199,56300199,563
Balance at 31 May 20231000251,25700251,357

HONG KEEN (MIDLANDS) LTD TRADING AS HONG KEEN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
1. Accounting policies
Statutory information
The company is registered in England and its registered number is 08096472. The company is a private company limited by shares. Its registered office is Unit 129, Bullring Indoor Market, Edgbaston Street,
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
Intangible Assets
Goodwill is written off in equal instalments over 20 years over its estimated economic life.
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:
Fixtures and fittings 15% on reducing balance basi
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.
Deferred Taxation
Deferred tax is provided on the liability method to 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 4.
3.Intangible fixed assets
Goodwill Total
Cost
At start of period 10,000 10,000
At end of period 10,000 10,000
Amortisation
At start of period 4,996 4,996
Provided during the period 500 500
At end of period 5,496 5,496
Net Book Values
At start of period 5,004 5,004
At end of period 4,504 4,504
4.Tangible fixed assets
F and F Total
Cost
At start of period 2,515 2,515
Additions 2,500 2,500
At end of period 5,015 5,015
Depreciation
At start of period 1,344 1,344
Provided during the period 551 551
At end of period 1,895 1,895
Net Book Value
At start of period 1,171 1,171
At end of period 3,120 3,120
5.Debtors
20232022
££
Due within one year
Other Debtors192,06255,708
Prepayments and accrued income81185
192,14355,893
6.Creditors due within one year
20232022
££
Corporation Tax49,51519,628
Other taxes and social security costs147241
Accruals and deferred income9,48731,245
Loan from directors5,14625,077
64,295 76,191
7. Share capital Alloted, Issued and fully paid
2023 2022
£ £
Ordinary shares of £1 each100100
Total issued share capital100100
8.Related Party Transactions
During the year, the company paid dividends of £22,500 to the director and £22,500 to the director's husband. During the year the company also lent a loan of £136,500 to Hong Keen Limited which is owned by same shareholders.