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Registered number: 14186784
Golden Vantage Enterprise (UK) Limited
Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14186784
30 June 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 5,250 7,875
5,250 7,875
CURRENT ASSETS
Stocks 5 3,995 3,597
Debtors 6 1,878 10,385
Cash at bank and in hand 4,011 2,070
9,884 16,052
Creditors: Amounts Falling Due Within One Year 7 (1,969 ) (2,436 )
NET CURRENT ASSETS (LIABILITIES) 7,915 13,616
TOTAL ASSETS LESS CURRENT LIABILITIES 13,165 21,491
NET ASSETS 13,165 21,491
CAPITAL AND RESERVES
Called up share capital 8 50,000 50,000
Profit and Loss Account (36,835 ) (28,509 )
SHAREHOLDERS' FUNDS 13,165 21,491
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Ka Man Ying
Director
19th July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Golden Vantage Enterprise (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14186784 . The registered office is 28 Filton Road, Horfield, Bristol, BS7 0PA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on straight line basis
Fixtures & Fittings 25% on straight line basis
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2023 751 9,749 10,500
As at 30 June 2024 751 9,749 10,500
Depreciation
As at 1 July 2023 188 2,437 2,625
Provided during the period 188 2,437 2,625
As at 30 June 2024 376 4,874 5,250
...CONTINUED
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Page 4
Net Book Value
As at 30 June 2024 375 4,875 5,250
As at 1 July 2023 563 7,312 7,875
5. Stocks
30 June 2024 30 June 2023
£ £
Stock 3,995 3,597
6. Debtors
30 June 2024 30 June 2023
£ £
Due within one year
Trade debtors 1,098 156
Prepayments and accrued income 51 47
Amounts owed by group undertakings 729 10,182
1,878 10,385
7. Creditors: Amounts Falling Due Within One Year
30 June 2024 30 June 2023
£ £
Other taxes and social security 871 871
Other creditors - 600
NEST - 139
Accruals and deferred income 1,098 826
1,969 2,436
8. Share Capital
30 June 2024 30 June 2023
£ £
Allotted, Called up and fully paid 50,000 50,000
Page 4