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REGISTERED NUMBER: 12110494 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Winnie & Freddy (UK) Ltd

Winnie & Freddy (UK) Ltd (Registered number: 12110494)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Winnie & Freddy (UK) Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: W Y W Cheung
W Y Chu





REGISTERED OFFICE: 6 Brassie Wood
Chelmsford
Essex
CM3 3FQ





REGISTERED NUMBER: 12110494 (England and Wales)





ACCOUNTANTS: GiLon
Chartered Certified Accountants
6 Chislett Row
Chelmsford
Essex
CM2 9QS

Winnie & Freddy (UK) Ltd (Registered number: 12110494)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,247
Tangible assets 5 16,085 26,225
16,085 27,472

CURRENT ASSETS
Stocks 1,000 -
Debtors 6 17,118 10,457
Cash at bank 904 1,995
19,022 12,452
CREDITORS
Amounts falling due within one year 7 69,304 63,852
NET CURRENT LIABILITIES (50,282 ) (51,400 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(34,197

)

(23,928

)

CREDITORS
Amounts falling due after more than one year 8 1,518 3,006
NET LIABILITIES (35,715 ) (26,934 )

CAPITAL AND RESERVES
Called up share capital 10 4 4
Retained earnings (35,719 ) (26,938 )
SHAREHOLDERS' FUNDS (35,715 ) (26,934 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Winnie & Freddy (UK) Ltd (Registered number: 12110494)

Balance Sheet - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2023 and were signed on its behalf by:




W Y Chu - Director



W Y W Cheung - Director


Winnie & Freddy (UK) Ltd (Registered number: 12110494)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Winnie & Freddy (UK) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis which assumes that the company will continue in operation for the foreseeable future. The directors, who are the major creditors have confirmed that they will continue to make sure funds as are needed by the company and in particular will not seek repayment of the amounts currently made available that would otherwise place the company in insolvency.

Based on this undertaking the directors believe that the company will have sufficient resources to enable it to continue normal trading operations for a period of at least twelve months from the date of approval of these financial statements, and therefore it is appropriate to prepare the financial statements on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Winnie & Freddy (UK) Ltd (Registered number: 12110494)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2022
and 31 July 2023 4,990
AMORTISATION
At 1 August 2022 3,743
Charge for year 1,247
At 31 July 2023 4,990
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 1,247

Winnie & Freddy (UK) Ltd (Registered number: 12110494)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 August 2022 4,825 40,809 45,634
Additions - 1,072 1,072
At 31 July 2023 4,825 41,881 46,706
DEPRECIATION
At 1 August 2022 932 18,477 19,409
Charge for year 965 10,247 11,212
At 31 July 2023 1,897 28,724 30,621
NET BOOK VALUE
At 31 July 2023 2,928 13,157 16,085
At 31 July 2022 3,893 22,332 26,225

6. DEBTORS
31.7.23 31.7.22
£    £   
Amounts falling due within one year:
Trade debtors 13,511 6,851
Other debtors 3,607 2,439
17,118 9,290

Amounts falling due after more than one year:
Other debtors - 1,167

Aggregate amounts 17,118 10,457

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 803 -
Trade creditors 5,669 10,598
Taxation and social security 756 -
Other creditors 62,076 53,254
69,304 63,852

Winnie & Freddy (UK) Ltd (Registered number: 12110494)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 1,518 3,006

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.23 31.7.22
£    £   
Within one year 13,300 13,300
Between one and five years 25,492 38,792
38,792 52,092

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
4 Ordinary 1 4 4

11. RELATED PARTY DISCLOSURES

At the balance sheet date, the balance due to the directors were £54,723 (2022 - £42,096).