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REGISTERED NUMBER: 11108629 (England and Wales)










Financial Statements

for the Year Ended 31 December 2023

for

Huo Guo Ltd

Huo Guo Ltd (Registered number: 11108629)






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


Huo Guo Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Miss Junyi Li





REGISTERED OFFICE: 41 Stowell Street
Newcastle Upon Tyne
NE1 4YB





REGISTERED NUMBER: 11108629 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

Huo Guo Ltd (Registered number: 11108629)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 123,124 123,803

CURRENT ASSETS
Stocks 34,600 30,500
Debtors 5 18,250 21,010
Cash at bank and in hand 2,560 19,271
55,410 70,781
CREDITORS
Amounts falling due within one year 6 (83,665 ) (10,433 )
NET CURRENT (LIABILITIES)/ASSETS (28,255 ) 60,348
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,869

184,151

CREDITORS
Amounts falling due after more than one year 7 (198,234 ) (198,234 )
NET LIABILITIES (103,365 ) (14,083 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 (103,465 ) (14,183 )
(103,365 ) (14,083 )

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.

Huo Guo Ltd (Registered number: 11108629)

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:





Miss Junyi Li - Director


Huo Guo Ltd (Registered number: 11108629)

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

1. STATUTORY INFORMATION

Huo Guo 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% 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 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 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.

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.

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 11 (2022 - 10 ) .

Huo Guo Ltd (Registered number: 11108629)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 100,155 30,008 1,067 - 131,230
Additions - - - 3,398 3,398
At 31 December 2023 100,155 30,008 1,067 3,398 134,628
DEPRECIATION
At 1 January 2023 - 7,267 160 - 7,427
Charge for year - 3,411 136 530 4,077
At 31 December 2023 - 10,678 296 530 11,504
NET BOOK VALUE
At 31 December 2023 100,155 19,330 771 2,868 123,124
At 31 December 2022 100,155 22,741 907 - 123,803

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 18,250 21,010

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,637 -
Corporation tax (3,240 ) (3,240 )
Social security and other tax 5,456 9,501
Pension Liability 14 82
VAT 19,798 15,562
Durham - (21,472 )
Director’s current account
-Miss Junyi Li 55,000 10,000
83,665 10,433

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Director’s Loan- Miss Junyi Li 198,234 198,234

Huo Guo Ltd (Registered number: 11108629)

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

8. RESERVES
Retained
earnings
£   

At 1 January 2023 (14,183 )
Deficit for the year (89,282 )
At 31 December 2023 (103,465 )