Company Registration No. 07162287 (England and Wales)
Continent Electronics Ltd
Unaudited accounts
for the year ended 28 February 2023
Continent Electronics Ltd
Unaudited accounts
Contents
Continent Electronics Ltd
Company Information
for the year ended 28 February 2023
Company Number
07162287 (England and Wales)
Registered Office
UNIT 11, HORIZON BUSINESS CENTRE
ALDER CLOSE
ERITH
KENT
DA18 4AJ
UNITED KINGDOM
Continent Electronics Ltd
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
137,106
103,447
Creditors: amounts falling due within one year
(26,545)
(19,421)
Net current assets
197,609
261,572
Total assets less current liabilities
197,667
261,682
Creditors: amounts falling due after more than one year
(47,875)
(69,704)
Net assets
149,792
191,978
Called up share capital
200,000
200,000
Profit and loss account
(50,208)
(8,022)
Shareholders' funds
149,792
191,978
For the year ending 28 February 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 7 November 2023 and were signed on its behalf by
Shiyu Zhou
Director
Company Registration No. 07162287
Continent Electronics Ltd
Notes to the Accounts
for the year ended 28 February 2023
Continent Electronics Ltd is a private company, limited by shares, registered in England and Wales, registration number 07162287. The registered office is UNIT 11, HORIZON BUSINESS CENTRE, ALDER CLOSE, ERITH, KENT, DA18 4AJ, UNITED KINGDOM.
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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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Plant & machinery
Continent Electronics Ltd
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Accrued income and prepayments
46,484
27,189
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
16,539
6,520
Taxes and social security
746
11,221
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Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
200,000 Ordinary shares of £1 each
200,000
200,000
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Average number of employees
During the year the average number of employees was 2 (2022: 3).