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REGISTERED NUMBER: 08625162 (England and Wales)






























REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023

FOR

FULIN RESTAURANT LIMITED

FULIN RESTAURANT LIMITED (REGISTERED NUMBER: 08625162)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


FULIN RESTAURANT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: S H Cheng
F Cheng





REGISTERED OFFICE: 22 Town Green Road
Orwell
Royston
Hertfordshire
SG8 5QL





REGISTERED NUMBER: 08625162 (England and Wales)





ACCOUNTANTS: W E S Newton & Co
68 Ferndene Road
Herne Hill
London
SE24 0AB

FULIN RESTAURANT LIMITED (REGISTERED NUMBER: 08625162)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST JULY 2023

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

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

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

S H Cheng
F Cheng

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:





F Cheng - Director


6th March 2024

FULIN RESTAURANT LIMITED (REGISTERED NUMBER: 08625162)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST JULY 2023

2023 2022
Notes £    £   

TURNOVER 292,341 270,180

Cost of sales 127,556 111,216
GROSS PROFIT 164,785 158,964

Administrative expenses 156,867 154,897
7,918 4,067

Other operating income - 20,920
OPERATING PROFIT and
PROFIT BEFORE TAXATION 7,918 24,987

Tax on profit 709 -
PROFIT FOR THE FINANCIAL
YEAR

7,209

24,987

FULIN RESTAURANT LIMITED (REGISTERED NUMBER: 08625162)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 2,500

CURRENT ASSETS
Stocks 2,459 2,150
Debtors 6 7,500 7,500
Cash at bank and in hand 15,432 65,850
25,391 75,500
CREDITORS
Amounts falling due within one year 7 25,789 85,607
NET CURRENT LIABILITIES (398 ) (10,107 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(398

)

(7,607

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (399 ) (7,608 )
SHAREHOLDERS' FUNDS (398 ) (7,607 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 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 6th March 2024 and were signed on its behalf by:





F Cheng - Director


FULIN RESTAURANT LIMITED (REGISTERED NUMBER: 08625162)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

Fulin Restaurant 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 5 ) .

FULIN RESTAURANT LIMITED (REGISTERED NUMBER: 08625162)

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

4. OPERATING PROFIT

The operating profit is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 2,500 2,500

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2022
and 31st July 2023 25,000
DEPRECIATION
At 1st August 2022 22,500
Charge for year 2,500
At 31st July 2023 25,000
NET BOOK VALUE
At 31st July 2023 -
At 31st July 2022 2,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 7,500 7,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,998 10,000
Taxation and social security 8,887 7,482
Other creditors 9,904 68,125
25,789 85,607