IRIS Accounts Production v24.2.0.383 08555214 Board of Directors 1.7.23 30.6.24 30.6.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085552142023-06-30085552142024-06-30085552142023-07-012024-06-30085552142022-06-30085552142022-07-012023-06-30085552142023-06-3008555214ns15:EnglandWales2023-07-012024-06-3008555214ns14:PoundSterling2023-07-012024-06-3008555214ns10:Director12023-07-012024-06-3008555214ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3008555214ns10:SmallEntities2023-07-012024-06-3008555214ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3008555214ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3008555214ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3008555214ns10:FullAccounts2023-07-012024-06-3008555214ns10:Director22023-07-012024-06-3008555214ns10:RegisteredOffice2023-07-012024-06-3008555214ns5:CurrentFinancialInstruments2024-06-3008555214ns5:CurrentFinancialInstruments2023-06-3008555214ns5:ShareCapital2024-06-3008555214ns5:ShareCapital2023-06-3008555214ns5:SharePremium2024-06-3008555214ns5:SharePremium2023-06-3008555214ns5:RetainedEarningsAccumulatedLosses2024-06-3008555214ns5:RetainedEarningsAccumulatedLosses2023-06-3008555214ns5:PlantMachinery2023-07-012024-06-3008555214ns5:PlantMachinery2023-06-3008555214ns5:PlantMachinery2024-06-3008555214ns5:PlantMachinery2023-06-30085552141ns10:Director12023-06-30085552141ns10:Director12022-06-30085552141ns10:Director12023-07-012024-06-30085552141ns10:Director12022-07-012023-06-30085552141ns10:Director12024-06-30085552141ns10:Director12023-06-30
REGISTERED NUMBER: 08555214 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

CHA YI TEA LIMITED

CHA YI TEA LIMITED (REGISTERED NUMBER: 08555214)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CHA YI TEA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr I S Kingsley Smith
Mr N C Bailey





REGISTERED OFFICE: 139-141 Watling Street
Gillingham
Kent
ME7 2YY





REGISTERED NUMBER: 08555214 (England and Wales)





ACCOUNTANTS: Stephen Hill Partnership Limited
139-141 Watling Street
Gillingham
Kent
ME7 2YY

CHA YI TEA LIMITED (REGISTERED NUMBER: 08555214)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 241

CURRENT ASSETS
Stocks 500 3,500
Debtors 5 4,422 2,925
Cash at bank 21,844 21,684
26,766 28,109
CREDITORS
Amounts falling due within one year 6 13,264 2,985
NET CURRENT ASSETS 13,502 25,124
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,503

25,365

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 29,970 29,970
Retained earnings (16,567 ) (4,705 )
SHAREHOLDERS' FUNDS 13,503 25,365

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





Mr I S Kingsley Smith - Director


CHA YI TEA LIMITED (REGISTERED NUMBER: 08555214)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Cha Yi Tea 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 and value added tax.

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 - 10% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying value amount and are recognised in the Income Statement.

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

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.

Creditors
Short term creditors are measured at the transaction price.

CHA YI TEA LIMITED (REGISTERED NUMBER: 08555214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 July 2023
and 30 June 2024 2,289
DEPRECIATION
At 1 July 2023 2,048
Charge for year 240
At 30 June 2024 2,288
NET BOOK VALUE
At 30 June 2024 1
At 30 June 2023 241

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 4,422 2,925

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,786 -
Directors' current accounts 977 485
Accrued expenses 2,501 2,500
13,264 2,985

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr I S Kingsley Smith
Balance outstanding at start of year - 7,869
Amounts repaid - (7,869 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -