TAEWHA UK LTD
Statement of financial position
as at 31 October 2023
Tangible assets
9,662
11,110
Cash at bank and in hand
12,445
3,211
Creditors: amounts falling due within one year
(66,798)
(53,801)
Net current liabilities
(14,353)
(50,590)
Total assets less current liabilities
(4,691)
(39,480)
Creditors: amounts falling due after more than one year
(119,008)
(77,998)
Net liabilities
(123,699)
(117,478)
Called up share capital
100
100
Profit and loss account
(123,799)
(117,578)
Shareholders' funds
(123,699)
(117,478)
For the year ending 31 October 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 31 July 2024 and were signed on its behalf by
Mrs BOYEON HUR
Director
Company Registration No. 12242807
TAEWHA UK LTD
Notes to the Accounts
for the year ended 31 October 2023
TAEWHA UK LTD is a private company, limited by shares, registered in England and Wales, registration number 12242807. The registered office is 1 Clover Villas, St. James Close, New Malden, Surrey, KT3 6DU, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
10% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
10,608
6,595
17,203
At 31 October 2023
10,608
6,595
17,203
At 1 November 2022
2,875
3,218
6,093
Charge for the year
773
675
1,448
At 31 October 2023
3,648
3,893
7,541
At 31 October 2023
6,960
2,702
9,662
At 31 October 2022
7,733
3,377
11,110
Amounts falling due within one year
TAEWHA UK LTD
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023
2022
Other creditors
19,642
19,642
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
119,008
77,998
The parent entity in South Korea has funded GBP 119,008 since its subsidiary incorporated in the UK.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).