Choi and Leung Limited
Registered number: 09090268
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Current assets
3 6,925 6,925
Cash at bank and in hand 132,943 229,816
139,868 236,741
Creditors: amounts falling due within one year 4 (51,448) (151,083)
Net current assets 88,420 85,658
Total assets less current liabilities 88,420 85,658
Creditors: amounts falling due after more than one year 5 (31,551) (41,276)
Net assets 56,869 44,382
Capital and reserves
Called up share capital 200 200
Profit and loss account 56,669 44,182
Shareholder's funds 56,869 44,382
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
T M Leung
Director
Approved by the board on 13 February 2024
Choi and Leung Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Other debtors 6,925 6,925
4 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 6,832 4,115
Other creditors 44,616 146,968
51,448 151,083
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 31,551 41,276
6 Other information
Choi and Leung Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 41, Chessington Business Centre
37 Cox Lane
Chessington
Surrey
KT9 1SD
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