Caseware UK (AP4) 2023.0.135 2023.0.135 2023-07-312023-07-312022-08-01falseLocum pharmacist11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08152455 2022-08-01 2023-07-31 08152455 2021-08-01 2022-07-31 08152455 2023-07-31 08152455 2022-07-31 08152455 c:Director1 2022-08-01 2023-07-31 08152455 d:OfficeEquipment 2022-08-01 2023-07-31 08152455 d:OfficeEquipment 2023-07-31 08152455 d:OfficeEquipment 2022-07-31 08152455 d:ComputerEquipment 2022-08-01 2023-07-31 08152455 d:ComputerEquipment 2023-07-31 08152455 d:ComputerEquipment 2022-07-31 08152455 d:CurrentFinancialInstruments 2023-07-31 08152455 d:CurrentFinancialInstruments 2022-07-31 08152455 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 08152455 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 08152455 d:ShareCapital 2023-07-31 08152455 d:ShareCapital 2022-07-31 08152455 d:RetainedEarningsAccumulatedLosses 2023-07-31 08152455 d:RetainedEarningsAccumulatedLosses 2022-07-31 08152455 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-07-31 08152455 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-07-31 08152455 c:FRS102 2022-08-01 2023-07-31 08152455 c:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 08152455 c:FullAccounts 2022-08-01 2023-07-31 08152455 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 08152455 2 2022-08-01 2023-07-31 08152455 6 2022-08-01 2023-07-31 08152455 e:PoundSterling 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Registered number: 08152455










MINGSHU LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
MINGSHU LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OFMINGSHU LTD
FOR THE YEAR ENDED 31 JULY 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mingshu Ltd for the year ended 31 July 2023 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

This report is made solely to the director of Mingshu Ltd in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Mingshu Ltd and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mingshu Ltd and its  director for our work or for this report.
 
 
It is your duty to ensure that Mingshu Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Mingshu Ltd is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Mingshu Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.







Shipleys Tax Planning

26 July 2024
Page 1

 
MINGSHU LTD
REGISTERED NUMBER: 08152455

BALANCE SHEET
AS AT 31 JULY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 5 
400
1,600

  
400
1,600

Current assets
  

Debtors: amounts falling due within one year
 6 
14,303
6,101

Cash at bank and in hand
 7 
5,049
1,103

  
19,352
7,204

Creditors: amounts falling due within one year
 8 
(18,269)
(8,349)

Net current assets/(liabilities)
  
 
 
1,083
 
 
(1,145)

Total assets less current liabilities
  
1,483
455

  

Net assets
  
1,483
455


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,383
355

  
1,483
455


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 July 2024.






Taahir Khadaroo
Page 2

 
MINGSHU LTD
REGISTERED NUMBER: 08152455

BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
MINGSHU LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

Mingshu Ltd is a company domiciled in England & Wales, registration number 08152455. The registered office is 106 Park Lane, Bradford, West Yorkshire, BD5 0JR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
MINGSHU LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:


The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
MINGSHU LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
MINGSHU LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

3.


Employees

2023
2022
£
£

Wages and salaries
10,368
9,893

National Insurance
415
100

10,783
9,993


The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Office equipment
Computer equipment
Total

£
£
£





At 1 August 2022
207
2,076
2,283


Disposals
(207)
(2,076)
(2,283)



At 31 July 2023

-
-
-





At 1 August 2022
207
2,076
2,283


Disposals
(207)
(2,076)
(2,283)



At 31 July 2023

-
-
-



Net book value



At 31 July 2023
-
-
-



At 31 July 2022
-
-
-

Page 7

 
MINGSHU LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 August 2022
1,600


Additions
400


Disposals
(1,600)



At 31 July 2023
400





6.


Debtors

2023
2022
£
£


Other debtors
14,303
6,101

14,303
6,101



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
5,049
1,103

5,049
1,103



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
15,811
6,163

Other creditors
-
1,048

Accruals and deferred income
2,458
1,138

18,269
8,349


Page 8

 
MINGSHU LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
5,049
1,103




Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.


10.


Related party transactions

During the year the company loaned the director £7,400 (2022: (£2,314)) which was paid shortly after the year end. Interest has been charged at rates varying from 4.25% to 7.5% on the total outstanding loan balance. At the balance sheet date other debtors included £14,304 (2022: £6,100) as amounts owed by the director.


11.


Controlling party

The company is controlled by the director Mr T Khadaroo.


Page 9