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Company Registration No. 08616994 (England and Wales)
Chinese Link Translations Ltd Unaudited accounts for the year ended 31 July 2023
Chinese Link Translations Ltd Unaudited accounts Contents
Page
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Chinese Link Translations Ltd Company Information for the year ended 31 July 2023
Director
Mu Liu
Company Number
08616994 (England and Wales)
Registered Office
1D ALBERT ROAD ROMFORD RM1 2PD ENGLAND
Accountants
Tax Return Accountants Ltd 26 Spinning Wheel Way Hackbridge WALLINGTON GB SM6 7DS
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Chinese Link Translations Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
854 
1,139 
Current assets
Cash at bank and in hand
85,868 
86,114 
Creditors: amounts falling due within one year
(9,354)
(9,354)
Net current assets
76,514 
76,760 
Net assets
77,368 
77,899 
Capital and reserves
Called up share capital
85,000 
85,000 
Profit and loss account
(7,632)
(7,101)
Shareholders' funds
77,368 
77,899 
For the year ending 31 July 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 her 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 14 April 2024 and were signed on its behalf by
Mu Liu Director Company Registration No. 08616994
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Chinese Link Translations Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Chinese Link Translations Ltd is a private company, limited by shares, registered in England and Wales, registration number 08616994. The registered office is 1D ALBERT ROAD, ROMFORD, RM1 2PD, ENGLAND.
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.
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:
Computer equipment
25%
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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.
Going concern
The director acknowledges the latest guidance on going concern. After assessing the outcome of the business and with consideration of the Company's balance sheet position, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for a period of twelve months from the date of the approval of the financial statements and, therefore, she continues to adopt the going concern basis in preparing the annual financial statements.
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Chinese Link Translations Ltd Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2022
5,446 
At 31 July 2023
5,446 
Depreciation
At 1 August 2022
4,307 
Charge for the year
285 
At 31 July 2023
4,592 
Net book value
At 31 July 2023
854 
At 31 July 2022
1,139 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,000 
1,000 
Deferred income
8,354 
8,354 
9,354 
9,354 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,700 Ordinary shares of £50 each
85,000 
85,000 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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