ASIANA FUSION (SUNDERLAND) LTD

Company Registration Number:
07559606 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

ASIANA FUSION (SUNDERLAND) LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

ASIANA FUSION (SUNDERLAND) LTD

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 27,771 31,478
Total fixed assets: 27,771 31,478
Current assets
Stocks: 14,180 12,290
Debtors:   9,678 13,649
Cash at bank and in hand: 289,009 278,362
Total current assets: 312,867 304,301
Creditors: amounts falling due within one year: 4 (110,062) (164,562)
Net current assets (liabilities): 202,805 139,739
Total assets less current liabilities: 230,576 171,217
Creditors: amounts falling due after more than one year: 5 (22,390) (32,038)
Provision for liabilities: (1,888) (1,849)
Total net assets (liabilities): 206,298 137,330
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 206,198 137,230
Shareholders funds: 206,298 137,330

The notes form part of these financial statements

ASIANA FUSION (SUNDERLAND) LTD

Balance sheet statements

For the year ending 28 February 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 July 2023
and signed on behalf of the board by:

Name: MR.Y.H.WONG
Status: Director

The notes form part of these financial statements

ASIANA FUSION (SUNDERLAND) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets and depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:Fixtures and fittings - 20% reducing balance

ASIANA FUSION (SUNDERLAND) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 33 35

ASIANA FUSION (SUNDERLAND) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 290,549
Additions 3,236
At 28 February 2023 293,785
Depreciation
At 01 March 2022 259,071
Charge for year 6,943
At 28 February 2023 266,014
Net book value
At 28 February 2023 27,771
At 28 February 2022 31,478

ASIANA FUSION (SUNDERLAND) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Creditors: amounts falling due within one year note

Bank Loan - £10648Trade Creditors - £10431Taxation and social security - £56945Directors current accounts - £21878Other creditors - £10160

ASIANA FUSION (SUNDERLAND) LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Creditors: amounts falling due after more than one year note

Bank Loan - £22390