Registered number
09564638
Wok Express (Leicester) Limited
Filleted Accounts
31 July 2023
Wok Express (Leicester) Limited
Registered number: 09564638
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £ £ £
Fixed assets
Tangible assets 3 782 978
Current assets
Stocks 1,600 1,600
Debtors 4 732 666
Cash at bank and in hand 6,098 5,097
8,430 7,363
Creditors: amounts falling due within one year 5 (4,586) (6,969)
Net current assets 3,844 394
Net assets 4,626 1,372
Capital and reserves
Called up share capital 1 1
Profit and loss account 4,625 1,371
Shareholder's funds 4,626 1,372
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Shu Guang Chen
Director
Approved by the board on 12 April 2024
Wok Express (Leicester) Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods which is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 August 2022 2,200
At 31 July 2023 2,200
Depreciation
At 1 August 2022 1,222
Charge for the year 196
At 31 July 2023 1,418
Net book value
At 31 July 2023 782
At 31 July 2022 978
4 Debtors 2023 2022
£ £
Other debtors 732 666
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 348
Taxation and social security costs 2,113 1,303
Other creditors 2,473 5,318
4,586 6,969
6 Other information
Wok Express (Leicester) Limited is a private company limited by shares and incorporated in England. Its registered office is:
145 Belvoir Road
Coalville
Leicester
LE67 3PJ
Wok Express (Leicester) Limited 09564638 false 2022-08-01 2023-07-31 2023-07-31 VT Final Accounts April 2024 Mr Shu Guang Chen No description of principal activity 09564638 2021-08-01 2022-07-31 09564638 core:WithinOneYear 2022-07-31 09564638 core:ShareCapital 2022-07-31 09564638 core:RetainedEarningsAccumulatedLosses 2022-07-31 09564638 2022-08-01 2023-07-31 09564638 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 09564638 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 09564638 bus:Director40 2022-08-01 2023-07-31 09564638 1 2022-08-01 2023-07-31 09564638 2 2022-08-01 2023-07-31 09564638 core:PlantMachinery 2022-08-01 2023-07-31 09564638 countries:England 2022-08-01 2023-07-31 09564638 bus:FRS102 2022-08-01 2023-07-31 09564638 bus:FilletedAccounts 2022-08-01 2023-07-31 09564638 2023-07-31 09564638 core:WithinOneYear 2023-07-31 09564638 core:ShareCapital 2023-07-31 09564638 core:RetainedEarningsAccumulatedLosses 2023-07-31 09564638 core:PlantMachinery 2023-07-31 09564638 2022-07-31 09564638 core:PlantMachinery 2022-07-31 iso4217:GBP xbrli:pure