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REGISTERED NUMBER: 07086124 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

WEI HUA LIMITED

WEI HUA LIMITED (REGISTERED NUMBER: 07086124)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


WEI HUA LIMITED (REGISTERED NUMBER: 07086124)

BALANCE SHEET
31 MAY 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 4,646 2,940
4,646 2,940

CURRENT ASSETS
Inventories 925 926
Debtors 6 1,414 239
Cash at bank and in hand 5,131 8,731
7,470 9,896
CREDITORS
Amounts falling due within one year 7 13,730 12,232
NET CURRENT LIABILITIES (6,260 ) (2,336 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,614

)

604

PROVISIONS FOR LIABILITIES - 87
NET (LIABILITIES)/ASSETS (1,614 ) 517

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (1,615 ) 516
SHAREHOLDERS' FUNDS (1,614 ) 517

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

WEI HUA LIMITED (REGISTERED NUMBER: 07086124)

BALANCE SHEET - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 October 2023 and were signed by:





Mrs W Miao - Director


WEI HUA LIMITED (REGISTERED NUMBER: 07086124)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Wei Hua Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07086124

Registered office: 14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

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.

Despite the Covid-19 pandemic of 2020, there are no reasons, provided by the Director to raise doubt over the company's ability to continue as a going concern.

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

Goodwill
The directors have considered the useful life of the goodwill and still consider the policy to be reliable. The directors do not consider an impairment review to be necessary.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Not depreciated
Plant and machinery etc - 25% on cost and 15% on cost

Stocks
Inventories 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.


WEI HUA LIMITED (REGISTERED NUMBER: 07086124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 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 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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 21,046
AMORTISATION
At 1 June 2022
and 31 May 2023 21,046
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 2,482 8,335 10,817
Additions - 2,083 2,083
At 31 May 2023 2,482 10,418 12,900
DEPRECIATION
At 1 June 2022 - 7,877 7,877
Charge for year - 377 377
At 31 May 2023 - 8,254 8,254
NET BOOK VALUE
At 31 May 2023 2,482 2,164 4,646
At 31 May 2022 2,482 458 2,940

WEI HUA LIMITED (REGISTERED NUMBER: 07086124)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Other debtors 1,414 239

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Taxation and social security 306 623
Other creditors 13,424 11,609
13,730 12,232

Included within 'Other creditors' is amounts payable on demand to the company directors. Interest has been charged to the company on this loan.

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31/5/23 31/5/22
value: £    £   
1 Ordinary £1 1 1