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Company Registration No. 08548858 (England and Wales)
SINO-ENTERPRISE CO LTD Unaudited accounts for the year ended 31 May 2023
SINO-ENTERPRISE CO LTD Unaudited accounts Contents
Page
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SINO-ENTERPRISE CO LTD Company Information for the year ended 31 May 2023
Director
Michael Lee
Company Number
08548858 (England and Wales)
Registered Office
Denmark House 143 High Street Chalfont St Peter Bucks SL9 9QL United Kingdom
Accountants
Lane Accounting Limited Denmark House 143 High Street Chalfont St Peter Buckinghamshire SL9 9QL
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SINO-ENTERPRISE CO LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,532 
1,942 
Investments
17,721 
17,721 
19,253 
19,663 
Current assets
Debtors
70,678 
161,906 
Creditors: amounts falling due within one year
(58,343)
(94,852)
Net current assets
12,335 
67,054 
Total assets less current liabilities
31,588 
86,717 
Creditors: amounts falling due after more than one year
(27,438)
(29,338)
Net assets
4,150 
57,379 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
4,050 
57,279 
Shareholders' funds
4,150 
57,379 
For the year ending 31 May 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 13 July 2023 and were signed on its behalf by
Michael Lee Director Company Registration No. 08548858
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SINO-ENTERPRISE CO LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
SINO-ENTERPRISE CO LTD is a private company, limited by shares, registered in England and Wales, registration number 08548858. The registered office is Denmark House , 143 High Street, Chalfont St Peter, Bucks, SL9 9QL, United Kingdom.
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 year, 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:
Fixtures & fittings
20% per annum of cost
Investments
Investments of unquoted securities are stated at the lower of their cost and net realisable value at the 31 May 2019. The net realisable value is determined by the director.
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SINO-ENTERPRISE CO LTD Notes to the Accounts for the year ended 31 May 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2022
4,051 
Additions
250 
At 31 May 2023
4,301 
Depreciation
At 1 June 2022
2,109 
Charge for the year
660 
At 31 May 2023
2,769 
Net book value
At 31 May 2023
1,532 
At 31 May 2022
1,942 
5
Investments
Other investments 
£ 
Valuation at 1 June 2022
17,721 
Valuation at 31 May 2023
17,721 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
36,384 
126,452 
Accrued income and prepayments
1,983 
678 
Other debtors
32,311 
34,776 
70,678 
161,906 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
26,893 
27,167 
VAT
25,111 
36,947 
Taxes and social security
4,169 
29,431 
Accruals
2,170 
1,307 
58,343 
94,852 
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £28,587 (2017 £55,079). The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
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SINO-ENTERPRISE CO LTD Notes to the Accounts for the year ended 31 May 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
27,438 
29,338 
Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are secured of £6,511 (2017 £25,933). The bank loans are secured by a fixed and floating charge over the company's assets and the finance leases are secured on the assets concerned.
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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