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REGISTERED NUMBER: 11452390 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

St Mary'S Chinese Limited

St Mary'S Chinese Limited (Registered number: 11452390)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


St Mary'S Chinese Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs Y N Lau
C M Lau





SECRETARY: Carrington-May





REGISTERED OFFICE: 7 Lancastria Lane
Brooklands
Milton Keynes
Buckinghamshire
MK10 7FE





REGISTERED NUMBER: 11452390 (England and Wales)





ACCOUNTANTS: Carrington-May
Chartered Certified Accountants
31 Walker Avenue
Wolverton Mill East
Milton Keynes
Buckinghamshire
MK12 5TW

St Mary'S Chinese Limited (Registered number: 11452390)

Abridged Statement of Financial Position
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,276 5,934

CURRENT ASSETS
Stocks 5,190 4,152
Debtors 14,149 14,940
Cash at bank and in hand 27,321 50,433
46,660 69,525
CREDITORS
Amounts falling due within one year 31,238 45,677
NET CURRENT ASSETS 15,422 23,848
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,698

29,782

CREDITORS
Amounts falling due after more than one year (17,816 ) (28,464 )

PROVISIONS FOR LIABILITIES (623 ) (1,128 )
NET ASSETS 259 190

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 159 90
SHAREHOLDERS' FUNDS 259 190

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 directors acknowledge their 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.

St Mary'S Chinese Limited (Registered number: 11452390)

Abridged Statement of Financial Position - 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





C M Lau - Director


St Mary'S Chinese Limited (Registered number: 11452390)

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

1. STATUTORY INFORMATION

St Mary'S Chinese 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.

The company meets its liabilities as they fall due. The directors have considered the future profitability and cash flow of the business, which is positive. On this basis the directors consider the going concern basis of preparation to be appropriate.

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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

St Mary'S Chinese Limited (Registered number: 11452390)

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

2. ACCOUNTING POLICIES - continued

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 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 10,936 2,356 13,292
DEPRECIATION
At 1 August 2022 7,122 236 7,358
Charge for year 2,187 471 2,658
At 31 July 2023 9,309 707 10,016
NET BOOK VALUE
At 31 July 2023 1,627 1,649 3,276
At 31 July 2022 3,814 2,120 5,934

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the sum of £2,198 (2022 - £9,220) is due to the directors. Interest has not been paid or accrued on the sum outstanding.£9,220 was the maximum amount outstanding during the period.