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Registered Number: SC542249
Scotland

 

 

 

SHANGHAI DELIGHT LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2022

End date: 31 August 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 1,745    1,745 
1,745    1,745 
Current assets      
Debtors 4 2    3,291 
Cash at bank and in hand 9,948    4,881 
9,950    8,172 
Creditors: amount falling due within one year 5 (17,236)   (8,122)
Net current assets (7,286)   50 
 
Total assets less current liabilities (5,541)   1,795 
Provisions for liabilities 6 (805)   (827)
Net assets (6,346)   968 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account (6,347)   967 
Shareholders' funds (6,346)   968 
 


For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 31 August 2024 and were signed by:


-------------------------------
Wah Wan
Director
1
General Information
Shanghai Delight Limited is a private company, limited by shares, registered in Scotland, registration number SC542249, registration address 275 Hamilton Road, Glasgow, G72 7PH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 18% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 September 2022 4,700    4,700 
Additions  
Disposals  
At 31 August 2023 4,700    4,700 
Depreciation
At 01 September 2022 2,955    2,955 
Charge for year  
On disposals  
At 31 August 2023 2,955    2,955 
Net book values
Closing balance as at 31 August 2023 1,745    1,745 
Opening balance as at 01 September 2022 1,745    1,745 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 2   
Directors' Current Accounts   3,291 
2    3,291 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Corporation Tax 5    5 
PAYE & Social Security 3,617    2,956 
Accrued Expenses 551    551 
Directors' Current Accounts 3,651   
VAT 9,412    4,610 
17,236    8,122 

6.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 332    332 
Pension Provisions 473    495 
805    827 

2