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REGISTERED NUMBER: 05841708 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2022 TO 31 MARCH 2023

FOR

GOOD LUCK CHINESE TAKEAWAY LIMITED

GOOD LUCK CHINESE TAKEAWAY LIMITED (REGISTERED NUMBER: 05841708)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2022 TO 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOOD LUCK CHINESE TAKEAWAY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2022 TO 31 MARCH 2023







DIRECTOR: Mr S Wong





REGISTERED OFFICE: Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS





BUSINESS ADDRESS: 79 Twyford Road
Eastleigh
Hampshire
SO50 4HH





REGISTERED NUMBER: 05841708 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

GOOD LUCK CHINESE TAKEAWAY LIMITED (REGISTERED NUMBER: 05841708)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,625 2,000
Tangible assets 5 1,460 1,646
3,085 3,646

CURRENT ASSETS
Stocks 926 832
Debtors 6 4,904 17,297
Cash in hand 721 585
6,551 18,714
CREDITORS
Amounts falling due within one year 7 11,711 9,658
NET CURRENT (LIABILITIES)/ASSETS (5,160 ) 9,056
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,075

)

12,702

CREDITORS
Amounts falling due after more than one
year

8

(11,408

)

(12,298

)

PROVISIONS FOR LIABILITIES (278 ) (313 )
NET (LIABILITIES)/ASSETS (13,761 ) 91

CAPITAL AND RESERVES
Called up share capital 4 2
Retained earnings (13,765 ) 89
SHAREHOLDERS' FUNDS (13,761 ) 91

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

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

The director acknowledges his 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.

GOOD LUCK CHINESE TAKEAWAY LIMITED (REGISTERED NUMBER: 05841708)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 February 2024 and were signed by:





Mr S Wong - Director


GOOD LUCK CHINESE TAKEAWAY LIMITED (REGISTERED NUMBER: 05841708)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2022 TO 31 MARCH 2023


1. STATUTORY INFORMATION

Good Luck Chinese Takeaway 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents amounts receivable for meals sold net of V.A.T.

Goodwill
Goodwill is written off over twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on 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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

GOOD LUCK CHINESE TAKEAWAY LIMITED (REGISTERED NUMBER: 05841708)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 31 March 2023 10,000
AMORTISATION
At 1 July 2022 8,000
Charge for period 375
At 31 March 2023 8,375
NET BOOK VALUE
At 31 March 2023 1,625
At 30 June 2022 2,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 July 2022
and 31 March 2023 6,678
DEPRECIATION
At 1 July 2022 5,032
Charge for period 186
At 31 March 2023 5,218
NET BOOK VALUE
At 31 March 2023 1,460
At 30 June 2022 1,646

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,904 17,297

GOOD LUCK CHINESE TAKEAWAY LIMITED (REGISTERED NUMBER: 05841708)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2022 TO 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,052 6,412
Trade creditors 1,961 552
Taxation and social security 170 302
Other creditors 4,528 2,392
11,711 9,658

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 11,408 12,298

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 3,719 4,634

Bank overdraft is secured over the assets of the company.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2023 and the year ended 30 June 2022:

2023 2022
£    £   
Mr S Wong
Balance outstanding at start of period 12,712 18,249
Amounts advanced 31,249 46,910
Amounts repaid (46,405 ) (52,447 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period (2,444 ) 12,712