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Company Registration No. 14160162 (England and Wales)
Total Asia Food Cardiff Ltd Unaudited accounts for the period from 8 June 2022 to 30 June 2023
Total Asia Food Cardiff Ltd Unaudited accounts Contents
Page
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Total Asia Food Cardiff Ltd Company Information for the period from 8 June 2022 to 30 June 2023
Director
Lian Wei Xu
Company Number
14160162 (England and Wales)
Registered Office
7 Lyon Close Cardiff CF11 8TZ
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Total Asia Food Cardiff Ltd Statement of financial position as at 30 June 2023
2023 
Notes
£ 
Fixed assets
Tangible assets
9,763 
Current assets
Inventories
517,564 
Debtors
245,969 
Cash at bank and in hand
58,754 
822,287 
Creditors: amounts falling due within one year
(808,700)
Net current assets
13,587 
Total assets less current liabilities
23,350 
Provisions for liabilities
Deferred tax
(1,855)
Net assets
21,495 
Capital and reserves
Called up share capital
1 
Profit and loss account
21,494 
Shareholders' funds
21,495 
For the period ending 30 June 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 5 October 2023 and were signed on its behalf by
Lian Wei Xu Director Company Registration No. 14160162
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Total Asia Food Cardiff Ltd Notes to the Accounts for the period from 8 June 2022 to 30 June 2023
1
Statutory information
Total Asia Food Cardiff Ltd is a private company, limited by shares, registered in England and Wales, registration number 14160162. The registered office is 7 Lyon Close, Cardiff, CF11 8TZ.
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:
Plant & machinery
72 months - straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Total Asia Food Cardiff Ltd Notes to the Accounts for the period from 8 June 2022 to 30 June 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 8 June 2022
- 
Additions
11,338 
At 30 June 2023
11,338 
Depreciation
Charge for the period
1,575 
At 30 June 2023
1,575 
Net book value
At 30 June 2023
9,763 
5
Debtors
2023 
£ 
Amounts falling due within one year
VAT
7,439 
Trade debtors
90,988 
Amounts due from group undertakings etc.
146,542 
Other debtors
1,000 
245,969 
6
Creditors: amounts falling due within one year
2023 
£ 
Trade creditors
775,221 
Taxes and social security
30,279 
Accruals
3,200 
808,700 
7
Deferred taxation
2023 
£ 
Accelerated capital allowances
1,855 
2023 
£ 
Charged to the profit and loss account
1,855 
Provision at end of period
1,855 
8
Share capital
2023 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
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Total Asia Food Cardiff Ltd Notes to the Accounts for the period from 8 June 2022 to 30 June 2023
9
Transactions with related parties
At the year end the company was due £146,542 to Jing Xing Trading Co. Ltd (05125267), the parent company.
10
Controlling party
The company is fully owned by Jing Xing Trading Co. Ltd (05125267).
11
Average number of employees
During the period the average number of employees was 20.
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