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Company Registration No. 13558844 (England and Wales)
Hai Gang City Ltd Unaudited accounts for the year ended 31 August 2023
Hai Gang City Ltd Unaudited accounts Contents
Page
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Hai Gang City Ltd Company Information for the year ended 31 August 2023
Director
Yuzhu Yu
Company Number
13558844 (England and Wales)
Registered Office
7 Old Pier Street Walton On The Naze CO14 8AW
Accountants
LJW Accountants Limited 27 Hardy Avenue Dartford Kent DA1 2FE
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Hai Gang City Ltd for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Hai Gang City Ltd for the year ended 31 August 2023 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
LJW Accountants Limited Chartered Certified Accountants 27 Hardy Avenue Dartford Kent DA1 2FE 19 March 2024
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Hai Gang City Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
266 
355 
Current assets
Inventories
1,550 
325 
Debtors
51 
804 
Cash at bank and in hand
1,532 
428 
3,133 
1,557 
Creditors: amounts falling due within one year
(1,887)
(1,272)
Net current assets
1,246 
285 
Net assets
1,512 
640 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,412 
540 
Shareholders' funds
1,512 
640 
For the year ending 31 August 2023 the company was entitled to exemption from audit 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 accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 March 2024 and were signed on its behalf by
Yuzhu Yu Director Company Registration No. 13558844
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Hai Gang City Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Hai Gang City Ltd is a private company, limited by shares, registered in England and Wales, registration number 13558844. The registered office is 7 Old Pier Street, Walton On The Naze, CO14 8AW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Over 5 years
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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Hai Gang City Ltd Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2022
444 
At 31 August 2023
444 
Depreciation
At 1 September 2022
89 
Charge for the year
89 
At 31 August 2023
178 
Net book value
At 31 August 2023
266 
At 31 August 2022
355 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
51 
804 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
927 
312 
Accruals
960 
960 
1,887 
1,272 
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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