Company Registration No. 10080905 (England and Wales)
Qingdao Sinosource UK Limited
Unaudited accounts
for the year ended 31 March 2024
Qingdao Sinosource UK Limited
Unaudited accounts
Contents
Qingdao Sinosource UK Limited
Company Information
for the year ended 31 March 2024
Company Number
10080905 (England and Wales)
Registered Office
39C St Olav's Court
City Business Centre
Lower Road
London
SE16 2XB
Accountants
LJW Accountants Limited
27 Hardy Avenue
Dartford
Kent
DA1 2FE
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Qingdao Sinosource UK Limited
for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Qingdao Sinosource UK Limited for the year ended
31 March 2024 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
LJW Accountants Limited
Chartered Certified Accountants
27 Hardy Avenue
Dartford
Kent
DA1 2FE
15 September 2024
Qingdao Sinosource UK Limited
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
102,499
215,760
Creditors: amounts falling due within one year
(96,929)
(210,698)
Net current assets
5,570
5,062
Called up share capital
100
100
Profit and loss account
5,470
5,158
Shareholders' funds
5,570
5,258
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 September 2024 and were signed on its behalf by
Yun Sun
Director
Company Registration No. 10080905
Qingdao Sinosource UK Limited
Notes to the Accounts
for the year ended 31 March 2024
Qingdao Sinosource UK Limited is a private company, limited by shares, registered in England and Wales, registration number 10080905. The registered office is 39C St Olav's Court, City Business Centre, Lower Road, London, SE16 2XB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Plant & machinery
Qingdao Sinosource UK Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
7,160
7,059
Other creditors
75,000
170,277
Loans from directors
14,769
33,362
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).