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REGISTERED NUMBER: SC569871 (Scotland)















Unaudited Cessation Financial Statements

for the Period 1 April 2022 to 5 May 2023

for

Wok Inn Moodiesburn Limited

Wok Inn Moodiesburn Limited (Registered number: SC569871)






Contents of the Financial Statements
for the Period 1 April 2022 to 5 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wok Inn Moodiesburn Limited

Company Information
for the Period 1 April 2022 to 5 May 2023







DIRECTOR: Vincent S To





REGISTERED OFFICE: 132-134 Stoneyetts Road
Moodiesburn
Glasgow
G69 0AQ





REGISTERED NUMBER: SC569871 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Wok Inn Moodiesburn Limited (Registered number: SC569871)

Balance Sheet
5 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 1,484

CURRENT ASSETS
Stock - 2,540
Debtors 5 3,361 2,296
Cash at bank and in hand 8,321 3,808
11,682 8,644
CREDITORS
Amounts falling due within one year 6 42,025 9,376
NET CURRENT LIABILITIES (30,343 ) (732 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(30,343

)

752

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (30,344 ) 751
SHAREHOLDERS' FUNDS (30,343 ) 752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 5 May 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 5 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Wok Inn Moodiesburn Limited (Registered number: SC569871)

Balance Sheet - continued
5 May 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 director and authorised for issue on 17 November 2023 and were signed by:





Vincent S To - Director


Wok Inn Moodiesburn Limited (Registered number: SC569871)

Notes to the Financial Statements
for the Period 1 April 2022 to 5 May 2023

1. STATUTORY INFORMATION

Wok Inn Moodiesburn Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fittings and equipment - 20% on reducing balance

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

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the period 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.


Wok Inn Moodiesburn Limited (Registered number: SC569871)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 5 May 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 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.

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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fittings
and
equipment
£   
COST
At 1 April 2022 2,319
Disposals (2,319 )
At 5 May 2023 -
DEPRECIATION
At 1 April 2022 835
Eliminated on disposal (835 )
At 5 May 2023 -
NET BOOK VALUE
At 5 May 2023 -
At 31 March 2022 1,484

Wok Inn Moodiesburn Limited (Registered number: SC569871)

Notes to the Financial Statements - continued
for the Period 1 April 2022 to 5 May 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,361 2,296

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 167 3,457
Other creditors 41,858 5,919
42,025 9,376

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Vincent S To.