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REGISTERED NUMBER: 07660218 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Neng Limited
T/A
Dragon Inn Restaurant

Neng Limited (Registered number: 07660218)
T/A Dragon Inn Restaurant






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Neng Limited
T/A Dragon Inn Restaurant

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Neng Wu Xie





REGISTERED OFFICE: 29-30 Frith Street
London
W1D 5LG





REGISTERED NUMBER: 07660218 (England and Wales)





ACCOUNTANTS: WONG LANGE & CO.
Chartered Certified & Management Accountants
29-30 Frith Street
London
W1D 5LG

Neng Limited (Registered number: 07660218)
T/A Dragon Inn Restaurant

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,571 2,857
Tangible assets 5 11,734 13,804
14,305 16,661

CURRENT ASSETS
Stocks 600 1,000
Debtors 6 6,406 5,762
Cash at bank and in hand 9,744 11,919
16,750 18,681
CREDITORS
Amounts falling due within one year 7 36,246 30,142
NET CURRENT LIABILITIES (19,496 ) (11,461 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,191

)

5,200

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (5,291 ) 5,100
SHAREHOLDERS' FUNDS (5,191 ) 5,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 7 March 2024 and were signed by:



Neng Wu Xie - Director


Neng Limited (Registered number: 07660218)
T/A Dragon Inn Restaurant

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Neng 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 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 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 4 (2022 - 4 ) .

Neng Limited (Registered number: 07660218)
T/A Dragon Inn Restaurant

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 5,717
AMORTISATION
At 1 July 2022 2,860
Charge for year 286
At 30 June 2023 3,146
NET BOOK VALUE
At 30 June 2023 2,571
At 30 June 2022 2,857

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 1 46,354 46,355
DEPRECIATION
At 1 July 2022 - 32,551 32,551
Charge for year - 2,070 2,070
At 30 June 2023 - 34,621 34,621
NET BOOK VALUE
At 30 June 2023 1 11,733 11,734
At 30 June 2022 1 13,803 13,804

6. DEBTORS
30.6.23 30.6.22
£    £   
Amounts falling due within one year:
Other debtors 1,406 762

Amounts falling due after more than one year:
Other debtors 5,000 5,000

Aggregate amounts 6,406 5,762

Neng Limited (Registered number: 07660218)
T/A Dragon Inn Restaurant

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 2,898 5,791
Other creditors 33,348 24,351
36,246 30,142

8. GOING CONCERN

The account has been drawn up on a going concern basis and the director has confirmed that he has enough funds available to inject into the company should it be necessary to the company in order that all other creditors are paid when the liabilities fall due.