LINGFENG ELECTRONIC (UK) LTD

Company Registration Number:
13335042 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2023

Period of accounts

Start date: 01 May 2022

End date: 30 April 2023

LINGFENG ELECTRONIC (UK) LTD

Contents of the Financial Statements

for the Period Ended 30 April 2023

Balance sheet
Notes

LINGFENG ELECTRONIC (UK) LTD

Balance sheet

As at 30 April 2023


Notes

2023

13 months to 30 April 2022


£

£
Fixed assets
Tangible assets: 3 33,199 39,449
Total fixed assets: 33,199 39,449
Current assets
Debtors:   163,087 215,397
Cash at bank and in hand: 34,021 2,611
Total current assets: 197,108 218,008
Creditors: amounts falling due within one year: 4 (253,753) (228,665)
Net current assets (liabilities): (56,645) (10,657)
Total assets less current liabilities: (23,446) 28,792
Total net assets (liabilities): (23,446) 28,792
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (23,546) 28,692
Shareholders funds: (23,446) 28,792

The notes form part of these financial statements

LINGFENG ELECTRONIC (UK) LTD

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 December 2023
and signed on behalf of the board by:

Name: Mr Ling Shing Ignatius Tsang
Status: Director

The notes form part of these financial statements

LINGFENG ELECTRONIC (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration, received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from sale of goods is recognised when the significant risks and rewards of ownership have transferred to buyer, usually on despatch of goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is provided at the rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:Fixtures, fittings & equipment -25% reducing balance

LINGFENG ELECTRONIC (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

2. Employees

2023 13 months to 30 April 2022
Average number of employees during the period 17 17

LINGFENG ELECTRONIC (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible Assets

Total
Cost £
At 01 May 2022 52,599
Additions 4,816
At 30 April 2023 57,415
Depreciation
At 01 May 2022 13,150
Charge for year 11,066
At 30 April 2023 24,216
Net book value
At 30 April 2023 33,199
At 30 April 2022 39,449

LINGFENG ELECTRONIC (UK) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Creditors: amounts falling due within one year note

Trade creditors 27335Other taxes 11069Other creditors 215349