IRIS Accounts Production v23.2.0.158 13978452 Board of Directors 15.3.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh139784522022-03-14139784522023-03-31139784522022-03-152023-03-31139784522022-03-1413978452ns10:Originalns15:EnglandWales2022-03-152023-03-3113978452ns14:PoundSterlingns10:Original2022-03-152023-03-3113978452ns10:Originalns10:Director12022-03-152023-03-3113978452ns10:Original2022-03-152023-03-3113978452ns10:Original2023-03-3113978452ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-152023-03-3113978452ns10:Originalns10:SmallEntities2022-03-152023-03-3113978452ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-152023-03-3113978452ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-152023-03-3113978452ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-152023-03-3113978452ns10:Originalns10:FullAccounts2022-03-152023-03-3113978452ns10:Originalns10:Director22022-03-152023-03-3113978452ns10:Originalns10:RegisteredOffice2022-03-152023-03-3113978452ns10:Originalns5:CurrentFinancialInstruments2023-03-3113978452ns5:ShareCapitalns10:Original2023-03-3113978452ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3113978452ns10:Originalns5:FurnitureFittings2022-03-152023-03-3113978452ns10:Originalns5:MotorVehicles2022-03-152023-03-3113978452ns10:Originalns5:FurnitureFittings2023-03-3113978452ns10:Originalns5:MotorVehicles2023-03-3113978452ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 13978452 (England and Wales)
















Wah Kwong Maritime Services (Uk) Company
Limited

Unaudited Financial Statements

for the Period 15th March 2022 to 31st March 2023






Wah Kwong Maritime Services (Uk) Company
Limited (Registered number: 13978452)






Contents of the Financial Statements
for the Period 15th March 2022 to 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Wah Kwong Maritime Services (Uk) Company
Limited

Company Information
for the Period 15th March 2022 to 31st March 2023







Directors: Mr S H F Chao
Mr W T A Fairclough





Registered office: Cannon Place
78 Cannon Street
London
EC4N 6AF





Registered number: 13978452 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Wah Kwong Maritime Services (Uk) Company
Limited (Registered number: 13978452)

Balance Sheet
31st March 2023

Notes £    £   
Fixed assets
Tangible assets 4 63,156

Current assets
Debtors 5 65,951
Cash at bank 50,915
116,866
Creditors
Amounts falling due within one year 6 163,621
Net current liabilities (46,755 )
Total assets less current liabilities 16,401

Capital and reserves
Called up share capital 1
Retained earnings 16,400
16,401

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 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.

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 10th November 2023 and were signed on its behalf by:





Mr W T A Fairclough - Director


Wah Kwong Maritime Services (Uk) Company
Limited (Registered number: 13978452)

Notes to the Financial Statements
for the Period 15th March 2022 to 31st March 2023

1. Statutory information

Wah Kwong Maritime Services (Uk) Company Limited 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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% straight line
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the period 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.

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 period 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.

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 period was 4 .

Wah Kwong Maritime Services (Uk) Company
Limited (Registered number: 13978452)

Notes to the Financial Statements - continued
for the Period 15th March 2022 to 31st March 2023

4. Tangible fixed assets
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
Additions 6,046 72,899 78,945
At 31st March 2023 6,046 72,899 78,945
Depreciation
Charge for period 1,209 14,580 15,789
At 31st March 2023 1,209 14,580 15,789
Net book value
At 31st March 2023 4,837 58,319 63,156

5. Debtors: amounts falling due within one year
£   
Other debtors 65,951

6. Creditors: amounts falling due within one year
£   
Trade creditors 26,159
Amounts owed to group undertakings 124,308
Taxation and social security 5,380
Other creditors 7,774
163,621