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REGISTERED NUMBER: 11814870 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

GOLDEN TEA UK LTD

GOLDEN TEA UK LTD (Registered number: 11814870)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOLDEN TEA UK LTD

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Ms Y Ren





REGISTERED OFFICE: 96 Curtain Road
London
England
EC2A 3AA





REGISTERED NUMBER: 11814870 (England and Wales)





ACCOUNTANTS: L&W Chartered Certified Accountants
30 Charing Cross Road
London
London
WC2H 0DE

GOLDEN TEA UK LTD (Registered number: 11814870)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 100,109 120,825

CURRENT ASSETS
Stocks 8,000 8,000
Debtors 5 141,549 85,574
Cash at bank and in hand 71,206 116,766
220,755 210,340
CREDITORS
Amounts falling due within one year 6 60,659 64,935
NET CURRENT ASSETS 160,096 145,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

260,205

266,230

CREDITORS
Amounts falling due after more than one year 7 87,987 117,887
NET ASSETS 172,218 148,343

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 172,217 148,342
172,218 148,343

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

GOLDEN TEA UK LTD (Registered number: 11814870)

Balance Sheet - continued
31 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 16 September 2024 and were signed by:





Ms Y Ren - Director


GOLDEN TEA UK LTD (Registered number: 11814870)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

GOLDEN TEA UK LTD 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.
Computer software - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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.

GOLDEN TEA UK LTD (Registered number: 11814870)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Computer and
leasehold software fittings
£    £    £   
COST
At 1 January 2023 2,939 680 135,600
Additions - - 972
At 31 December 2023 2,939 680 136,572
DEPRECIATION
At 1 January 2023 - 293 38,542
Charge for year - 78 18,168
At 31 December 2023 - 371 56,710
NET BOOK VALUE
At 31 December 2023 2,939 309 79,862
At 31 December 2022 2,939 387 97,058

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 17,799 5,026 162,044
Additions - 2,098 3,070
At 31 December 2023 17,799 7,124 165,114
DEPRECIATION
At 1 January 2023 1,483 901 41,219
Charge for year 3,263 2,277 23,786
At 31 December 2023 4,746 3,178 65,005
NET BOOK VALUE
At 31 December 2023 13,053 3,946 100,109
At 31 December 2022 16,316 4,125 120,825

GOLDEN TEA UK LTD (Registered number: 11814870)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 128,206 72,950
VAT 12,308 11,403
Prepayments and accrued income 1,035 1,221
141,549 85,574

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 16,113 21,595
Tax 12,543 9,338
Social security and other taxes 4,052 12,715
American express 5,430 4,763
Accrued expenses 22,521 16,524
60,659 64,935

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Directors' loan accounts 87,987 117,887