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Registered Number: 13862031


 

 

 

WAKEFIELD CHINESE LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 20 January 2022

End date: 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Wakefield Chinese Limited for the period ended 31 March 2023 which comprise the Income Statement, the Statement of Financial Position, the Statement of Changes in Equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://icaew.com/regulations.

This report is made solely to the Board of Directors of Wakefield Chinese Limited, as a body, in accordance with the terms of our engagement letter dated 25 January 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Wakefield Chinese Limited and state those matters that we have agreed to state to the Board of Directors of Wakefield Chinese Limited, as a body, in this report in accordance with AAF 2/10 as detailed at http://icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Wakefield Chinese Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Wakefield Chinese Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Wakefield Chinese Limited. You consider that Wakefield Chinese Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Wakefield Chinese Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.



....................................................
P and Co (Partners) LLP
18 Ensign Street
London
E1 8PA
13 October 2023
1
 
 
Notes
 
2023
£
Current assets    
Stocks 3 1,165 
Debtors 4 3,440 
Cash at bank and in hand 10,338 
14,943 
Creditors: amount falling due within one year 5 (14,283)
Net current assets 660 
 
Total assets less current liabilities 660 
Net assets 660 
 

Capital and reserves
   
Called up share capital 1,000 
Profit and loss account (340)
Shareholder's funds 660 
 


For the period ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 12 October 2023 and were signed by:


-------------------------------
Mr Kam Tong Li
Director
2
General Information
Wakefield Chinese Limited is a private company, limited by shares, registered in , registration number 13862031, registration address 88 Balne Ln, Wakefield, England, WF2 0DG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the period was 6.
3.

Stocks

2023
£
Finished Goods 1,165 
1,165 

4.

Debtors: amounts falling due within one year

2023
£
Directors' Current Accounts 3,440 
3,440 

5.

Creditors: amount falling due within one year

2023
£
PAYE & Social Security 1,453 
Accrued Expenses 5,485 
VAT 7,345 
14,283 

3