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REGISTERED NUMBER: 13294682 (England and Wales)










Financial Statements

for the Year Ended 28 February 2023

for

Wlh Panda Ltd

Wlh Panda Ltd (Registered number: 13294682)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wlh Panda Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Ms J Li
J Pu Director





REGISTERED OFFICE: 9a Silver Street
Durham
Co. Durham
DH1 3RB





REGISTERED NUMBER: 13294682 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

Wlh Panda Ltd (Registered number: 13294682)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 225,359 243,062

CURRENT ASSETS
Stocks 8,500 -
Debtors 5 11,956 47,517
Cash at bank and in hand 60,273 53,509
80,729 101,026
CREDITORS
Amounts falling due within one year 6 (164,047 ) (126,353 )
NET CURRENT LIABILITIES (83,318 ) (25,327 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,041

217,735

CREDITORS
Amounts falling due after more than one
year

7

(218,468

)

(218,468

)
NET LIABILITIES (76,427 ) (733 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 (76,527 ) (833 )
(76,427 ) (733 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Wlh Panda Ltd (Registered number: 13294682)

Balance Sheet - continued
28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 November 2023 and were signed on its behalf by:





Ms J Li - Director


Wlh Panda Ltd (Registered number: 13294682)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Wlh Panda 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.

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Straight line over 10 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% 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 Income Statement, 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.


Wlh Panda Ltd (Registered number: 13294682)

Notes to the Financial Statements - continued
for the Year Ended 28 February 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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 215,951 49,955 - - 265,906
Additions - 7,004 2,470 3,508 12,982
At 28 February 2023 215,951 56,959 2,470 3,508 278,888
DEPRECIATION
At 1 March 2022 21,595 1,249 - - 22,844
Charge for year 21,595 7,988 233 869 30,685
At 28 February 2023 43,190 9,237 233 869 53,529
NET BOOK VALUE
At 28 February 2023 172,761 47,722 2,237 2,639 225,359
At 28 February 2022 194,356 48,706 - - 243,062

Wlh Panda Ltd (Registered number: 13294682)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,900 3,900
VAT 8,056 43,617
11,956 47,517

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Pension contributions unpaid 325 -
Social security and other tax 2,852 1,353
Other creditors 16,250 -
Directors' current accounts 139,760 125,000
Accrued expenses 4,860 -
164,047 126,353

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other creditors 218,468 218,468

8. RESERVES
Retained
earnings
£   

At 1 March 2022 (833 )
Deficit for the year (75,694 )
At 28 February 2023 (76,527 )