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REGISTERED NUMBER: 06834105 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

CHINESE MEDICINE CENTRE (LONDON) LIMITED

CHINESE MEDICINE CENTRE (LONDON) LIMITED (Registered number: 06834105)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHINESE MEDICINE CENTRE (LONDON) LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTOR: W S Yu





REGISTERED OFFICE: 407 High Road
Wembley
Middlesex
HA9 7AB





REGISTERED NUMBER: 06834105 (England and Wales)





ACCOUNTANTS: L&W Chartered Certified Accountants
1st Floor
30 Charing Cross Road
London
WC2H 0DE

CHINESE MEDICINE CENTRE (LONDON) LIMITED (Registered number: 06834105)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,530 11,296

CURRENT ASSETS
Stocks 5 1,000 1,000
Debtors 6 31,457 13,175
Cash at bank and in hand 6,501 71,127
38,958 85,302
CREDITORS
Amounts falling due within one year 7 8,090 9,221
NET CURRENT ASSETS 30,868 76,081
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,398

87,377

CREDITORS
Amounts falling due after more than
one year

8

20,417

27,417
NET ASSETS 22,981 59,960

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9 22,980 59,959
SHAREHOLDERS' FUNDS 22,981 59,960

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

CHINESE MEDICINE CENTRE (LONDON) LIMITED (Registered number: 06834105)

Balance Sheet - continued
31 July 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 director and authorised for issue on 13 February 2024 and were signed by:





W S Yu - Director


CHINESE MEDICINE CENTRE (LONDON) LIMITED (Registered number: 06834105)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

CHINESE MEDICINE CENTRE (LONDON) 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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.

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 3 (2022 - 5 ) .

CHINESE MEDICINE CENTRE (LONDON) LIMITED (Registered number: 06834105)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 7,975 1,311 5,567 14,853
Additions - 2,288 999 3,287
At 31 July 2023 7,975 3,599 6,566 18,140
DEPRECIATION
At 1 August 2022 - 807 2,750 3,557
Charge for year - 497 1,556 2,053
At 31 July 2023 - 1,304 4,306 5,610
NET BOOK VALUE
At 31 July 2023 7,975 2,295 2,260 12,530
At 31 July 2022 7,975 504 2,817 11,296

5. STOCKS
31.7.23 31.7.22
£    £   
Stocks 1,000 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 22,027 1,899
Prepayments and accrued income 9,430 11,276
31,457 13,175

CHINESE MEDICINE CENTRE (LONDON) LIMITED (Registered number: 06834105)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 200 464
Corporation tax 4,276 3,976
Social security and other taxes 653 227
VAT 782 78
Directors' current accounts - 2,430
Accrued expenses 2,179 2,046
8,090 9,221

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loan 20,417 27,417

9. RESERVES
Retained
earnings
£   

At 1 August 2022 59,959
Profit for the year 19,305
Dividends (56,284 )
At 31 July 2023 22,980