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Company registration number:11974563
WANGJIANG LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 May 2023
WANGJIANG LTD
BALANCE SHEET
AS AT 31 May 2023
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets31,497,8601,060,955
1,497,8601,060,955
CURRENT ASSETS
Debtors4585351
Cash at bank and in hand2,4823,303
3,0673,654
CREDITORS
Amounts falling due within one year 5 (1,163,454) (751,964)
NET CURRENT ASSETS (1,160,387) (748,310)
TOTAL ASSETS LESS
CURRENT LIABILITIES 337,473 312,645
Creditors falling due after one year6(278,495)(278,495)
NET ASSETS 58,978 34,150
CAPITAL AND RESERVES
Called-up equity share capital 7 100 100
Profit and loss account 58,878 34,050
SHAREHOLDERS FUNDS 58,978 34,150
For the year ending 31 May 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 13 February 2024 and signed on its behalf.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
..........................................................................
Mr Yirong Wang
13 February 2024
The annexed notes form part of these financial statements.

WANGJIANG LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2023
Share Share P and L Revaluation Other Total
Capital Premium Account reserve reserves equity
£ £ £ £ £ £
Balance at 1 May 2021100012,5120012,612
Changes in equity
Total Comprehensive Income0021,5380021,538
Balance at 31 May 2022100034,0500034,150
Changes in equity
Dividend00(2,000)00(2,000)
Total comprehensive income0026,8280026,828
Balance at 31 May 2023100058,8780058,978

WANGJIANG LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
1. Accounting policies
Statutory information
The company is registered in England and its registered number is 11974563. The company is a private company limited by shares. Its registered office is 9 Kingsway Gardens, Chandler's Ford, Eastleigh,
Basis of preparing the financial statements
The financial statements have been prepared under the historical cost covention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.
Intangible Assets
Goodwill is being written off in equal annual instalments over its estimate economic life of ten years.
Foreign Currency
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Fixed Assets
Tangible fixed assets are stated at cost less depreciation Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Stocks and Work In Progress
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.
Deferred Taxation
Deferred tax is provided on the liability method take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Pension Scheme
The company operates a defined contribution pension scheme, NEST pension scheme, and the pension charge represents the amounts payable by the company to the fund in respect of the year.
2.Employees
The average number of persons employed by the company (including directors) during the year was 1.
3.Tangible fixed assets
Land/Buildings Total
Cost
At start of period 627,231 1,081,768
Additions 0 451,301
At end of period 326,293 1,533,069
Depreciation
At start of period 16,827 20,813
Provided during the period 5,804 14,396
At end of period 22,631 35,209
Net Book Value
At start of period 610,404 1,060,955
At end of period 303,662 1,497,860
4.Debtors
20232022
££
Due within one year
Prepayments and accrued income585351
585351
5.Creditors due within one year
20232022
££
Corporation Tax9,6867,376
Accruals and deferred income238,77017,358
Loan from directors914,997727,230
1,163,454 751,964
6.Creditors due after one year
20232022
££
Bank Loans278,495278,495
278,495 278,495
7. Share capital Alloted, Issued and fully paid
2023 2022
£ £
Ordinary shares of £1 each100100
Total issued share capital100100
8.Related Party Transactions
During the year, the company paid dividends toalling £2,000 to the director.