IRIS Accounts Production v24.2.0.383 06895821 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068958212022-12-31068958212023-12-31068958212023-01-012023-12-31068958212021-12-31068958212022-01-012022-12-31068958212022-12-3106895821ns15:EnglandWales2023-01-012023-12-3106895821ns14:PoundSterling2023-01-012023-12-3106895821ns10:Director12023-01-012023-12-3106895821ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106895821ns10:SmallEntities2023-01-012023-12-3106895821ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106895821ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106895821ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106895821ns10:FullAccounts2023-01-012023-12-3106895821ns10:RegisteredOffice2023-01-012023-12-3106895821ns5:CurrentFinancialInstruments2023-12-3106895821ns5:CurrentFinancialInstruments2022-12-3106895821ns5:Non-currentFinancialInstruments2023-12-3106895821ns5:Non-currentFinancialInstruments2022-12-3106895821ns5:ShareCapital2023-12-3106895821ns5:ShareCapital2022-12-3106895821ns5:RetainedEarningsAccumulatedLosses2023-12-3106895821ns5:RetainedEarningsAccumulatedLosses2022-12-3106895821ns5:PlantMachinery2023-01-012023-12-3106895821ns5:PlantMachinery2022-12-3106895821ns5:PlantMachinery2023-12-3106895821ns5:PlantMachinery2022-12-3106895821ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106895821ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 06895821 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

YEE KWAN LIMITED

YEE KWAN LIMITED (REGISTERED NUMBER: 06895821)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YEE KWAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: Yee Kwan Chan





REGISTERED OFFICE: Unit 2
Devonshire Business Park
90 Wellington Street
Sheffield
South Yorkshire
S1 4HX





REGISTERED NUMBER: 06895821 (England and Wales)





ACCOUNTANTS: Altman Smith
461 - 463 London Road
Heeley
Sheffield
South Yorkshire
S2 4HL

YEE KWAN LIMITED (REGISTERED NUMBER: 06895821)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,248 33,640

CURRENT ASSETS
Stocks 30,895 25,250
Debtors 5 40,526 69,159
Cash in hand 1,002 430
72,423 94,839
CREDITORS
Amounts falling due within one year 6 68,300 71,830
NET CURRENT ASSETS 4,123 23,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,371

56,649

CREDITORS
Amounts falling due after more than one
year

7

24,465

35,133
NET ASSETS 6,906 21,516

CAPITAL AND RESERVES
Called up share capital 50,001 50,001
Retained earnings (43,095 ) (28,485 )
SHAREHOLDERS' FUNDS 6,906 21,516

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

YEE KWAN LIMITED (REGISTERED NUMBER: 06895821)

BALANCE SHEET - continued
31ST DECEMBER 2023


The 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.

The financial statements were approved by the director and authorised for issue on 11th September 2024 and were signed by:





Yee Kwan Chan - Director


YEE KWAN LIMITED (REGISTERED NUMBER: 06895821)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Yee Kwan Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

YEE KWAN LIMITED (REGISTERED NUMBER: 06895821)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 79,712
Additions 420
Reclassification/transfer (15 )
At 31st December 2023 80,117
DEPRECIATION
At 1st January 2023 46,072
Charge for year 6,812
Reclassification/transfer (15 )
At 31st December 2023 52,869
NET BOOK VALUE
At 31st December 2023 27,248
At 31st December 2022 33,640

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 35,123 34,106
Other debtors 42 29,692
35,165 63,798

Amounts falling due after more than one year:
Amounts owed by associates 5,361 5,361

Aggregate amounts 40,526 69,159

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,592 18,435
Payments on account - 1
Trade creditors 26,605 23,158
Taxation and social security 31,027 29,208
Other creditors 1,076 1,028
68,300 71,830

YEE KWAN LIMITED (REGISTERED NUMBER: 06895821)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 24,134 34,167
Other creditors 331 966
24,465 35,133