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REGISTERED NUMBER: SC464124 (Scotland)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Oriental Express (Paisley) Ltd

Oriental Express (Paisley) Ltd (Registered number: SC464124)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Oriental Express (Paisley) Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: L Charles
Y Charles





SECRETARY:





REGISTERED OFFICE: 191 Station Road
Shotts
Lanarkshire
ML7 4BA





REGISTERED NUMBER: SC464124 (Scotland)





ACCOUNTANTS: Williams & Company
191 Station Road
Shotts
North Lanarkshire
ML7 4BA

Oriental Express (Paisley) Ltd (Registered number: SC464124)

Report of the Directors
for the Year Ended 31 March 2023

The directors present their report with the financial statements of the company for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of chinese restaurant.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

L Charles
Y Charles

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





L Charles - Director


29 August 2023

Oriental Express (Paisley) Ltd (Registered number: SC464124)

Income Statement
for the Year Ended 31 March 2023

31.3.23 31.3.22
Notes £    £   

TURNOVER 51,689 51,671

Cost of sales 14,052 12,134
GROSS PROFIT 37,637 39,537

Administrative expenses 34,248 31,470
OPERATING PROFIT and
PROFIT BEFORE TAXATION 3,389 8,067

Tax on profit 643 1,532
PROFIT FOR THE FINANCIAL YEAR 2,746 6,535

Oriental Express (Paisley) Ltd (Registered number: SC464124)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 41 55

CURRENT ASSETS
Stocks 500 500
Cash at bank 2,207 2,920
2,707 3,420
CREDITORS
Amounts falling due within one year 6 2,719 3,392
NET CURRENT (LIABILITIES)/ASSETS (12 ) 28
TOTAL ASSETS LESS CURRENT
LIABILITIES

29

83

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 27 81
29 83

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

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

Oriental Express (Paisley) Ltd (Registered number: SC464124)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2023 and were signed on its behalf by:





L Charles - Director


Oriental Express (Paisley) Ltd (Registered number: SC464124)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Oriental Express (Paisley) Ltd 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.

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.

25% Reducing Balance

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.

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.

Oriental Express (Paisley) Ltd (Registered number: SC464124)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.23 31.3.22
£    £   
Depreciation - owned assets 14 18

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 614
DEPRECIATION
At 1 April 2022 559
Charge for year 14
At 31 March 2023 573
NET BOOK VALUE
At 31 March 2023 41
At 31 March 2022 55

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 180 -
Taxation and social security 643 1,532
Other creditors 1,896 1,860
2,719 3,392