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REGISTERED NUMBER: 06728659 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th September 2023

for

The China Shop Limited

The China Shop Limited (Registered number: 06728659)






Contents of the Financial Statements
for the Year Ended 30th September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The China Shop Limited

Company Information
for the Year Ended 30th September 2023







DIRECTORS: Mr R Finch
Mrs P Finch





REGISTERED OFFICE: 194 Rochdale Road
Middleton
Manchester
M24 2QA





REGISTERED NUMBER: 06728659 (England and Wales)





ACCOUNTANT: Frazer Waite Desmier Limited
Peine House
Hind Hill Street
Heywood
Lancashire
OL10 1JZ

The China Shop Limited (Registered number: 06728659)

Balance Sheet
30th September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,896 10,646
Tangible assets 5 135,010 146,729
143,906 157,375

CURRENT ASSETS
Stocks 22,770 18,710
Debtors 6 500 -
Cash at bank and in hand 850 6,385
24,120 25,095
CREDITORS
Amounts falling due within one year 7 134,760 101,292
NET CURRENT LIABILITIES (110,640 ) (76,197 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,266

81,178

CREDITORS
Amounts falling due after more than one
year

8

(47,139

)

(57,967

)

PROVISIONS FOR LIABILITIES (27,166 ) (19,118 )
NET (LIABILITIES)/ASSETS (41,039 ) 4,093

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (41,041 ) 4,091
SHAREHOLDERS' FUNDS (41,039 ) 4,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 China Shop Limited (Registered number: 06728659)

Balance Sheet - continued
30th September 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 8th January 2024 and were signed on its behalf by:




Mr R Finch - Director



Mrs P Finch - Director


The China Shop Limited (Registered number: 06728659)

Notes to the Financial Statements
for the Year Ended 30th September 2023

1. STATUTORY INFORMATION

The China Shop 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.

Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company's interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life.
Goodwill - Over 10 years, on acquisition post 8 July 2015

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.
Freehold property - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% 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.


The China Shop Limited (Registered number: 06728659)

Notes to the Financial Statements - continued
for the Year Ended 30th September 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 6 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2022
and 30th September 2023 38,000
AMORTISATION
At 1st October 2022 27,354
Amortisation for year 1,750
At 30th September 2023 29,104
NET BOOK VALUE
At 30th September 2023 8,896
At 30th September 2022 10,646

The China Shop Limited (Registered number: 06728659)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st October 2022
and 30th September 2023 81,385 114,903 11,991 27,100 235,379
DEPRECIATION
At 1st October 2022 - 62,946 11,091 14,613 88,650
Charge for year - 6,107 192 5,420 11,719
At 30th September 2023 - 69,053 11,283 20,033 100,369
NET BOOK VALUE
At 30th September 2023 81,385 45,850 708 7,067 135,010
At 30th September 2022 81,385 51,957 900 12,487 146,729

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors 500 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 5,186 5,186
Hire purchase contracts 5,600 7,616
Trade creditors - 2,285
Taxation and social security 3,490 5,354
Other creditors 120,484 80,851
134,760 101,292

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 32,714 37,900
Hire purchase contracts 14,425 20,067
47,139 57,967

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,784 11,970
Hire purchase 3,225 8,867
10,009 20,837