Company Registration No. 10478842 (England and Wales)
Super Happy Wing Limited
Unaudited accounts
for the year ended 31 July 2023
Super Happy Wing Limited
Unaudited accounts
Contents
Super Happy Wing Limited
Company Information
for the year ended 31 July 2023
Directors
Wing Yap
Jia Chai
Company Number
10478842 (England and Wales)
Registered Office
19 HAVELOCK ROAD
SOUTHSEA
PO5 1RU
UNITED KINGDOM
Accountants
K3 Accountants Limited
Barnwood
Trampers Lane
North Boarhunt
Hampshire
PO17 6DG
Super Happy Wing Limited
Statement of financial position
as at 31 July 2023
Intangible assets
1,439,804
1,171,413
Tangible assets
680,740
666,549
Inventories
300,000
150,000
Cash at bank and in hand
20,345
445,891
Creditors: amounts falling due within one year
(965,939)
(655,293)
Net current assets
814,877
756,719
Total assets less current liabilities
2,935,421
2,594,681
Creditors: amounts falling due after more than one year
(1,362,148)
(1,400,353)
Net assets
1,573,273
1,194,328
Called up share capital
1
1
Profit and loss account
1,573,272
1,194,327
Shareholders' funds
1,573,273
1,194,328
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 directors acknowledge their 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 of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by
Wing Yap
Director
Company Registration No. 10478842
Super Happy Wing Limited
Notes to the Accounts
for the year ended 31 July 2023
Super Happy Wing Limited is a private company, limited by shares, registered in England and Wales, registration number 10478842. The registered office is 19 HAVELOCK ROAD, SOUTHSEA, PO5 1RU, UNITED KINGDOM.
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.
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 of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
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:
Land & buildings
2% on cost
Motor vehicles
20% on cost
Fixtures & fittings
20% on cost
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 August 2022
1,633,037
Charge for the year
169,109
Goodwill is capitalised and is being amortised over its useful life of 10 years.
Super Happy Wing Limited
Notes to the Accounts
for the year ended 31 July 2023
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
672,520
70,836
7,000
750,356
Additions
-
39,374
-
39,374
At 31 July 2023
672,520
110,210
7,000
789,730
At 1 August 2022
53,801
23,006
7,000
83,807
Charge for the year
13,450
11,733
-
25,183
At 31 July 2023
67,251
34,739
7,000
108,990
At 31 July 2023
605,269
75,471
-
680,740
At 31 July 2022
618,719
47,830
-
666,549
Finished goods
300,000
150,000
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
Amounts falling due within one year
Trade debtors
438,222
326,443
Amounts falling due after more than one year
Accrued income and prepayments
9,000
17,250
Other debtors
904,565
405,478
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
84,286
130,367
Trade creditors
301,801
232,060
Taxes and social security
392,867
229,126
Other creditors
12,061
8,924
Loans from directors
199,194
76,498
Deferred income
(44,270)
(41,682)
Super Happy Wing Limited
Notes to the Accounts
for the year ended 31 July 2023
9
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,362,148
1,400,353
The bank loan is secured by a fixed and floating charge over the company's assets. (floating charge covers all
property or undertaking of the company).
Allotted, called up and fully paid:
1 "A" Ordinary shares of £0.50 each
0.50
0.50
1 "A" Ordinary shares of £0.50 each
0.50
0.50
11
Average number of employees
During the year the average number of employees was 34 (2022: 18).