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REGISTERED NUMBER: 09294984
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SHENGS (BARROW) LIMITED

SHENGS (BARROW) LIMITED (REGISTERED NUMBER: 09294984)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SHENGS (BARROW) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr W L Yung



REGISTERED OFFICE: The Barn
Thwaite Flat
Barrow In Furness
Cumbria
LA14 4QH



REGISTERED NUMBER: 09294984



BANKERS: National Westminster Bank plc
113 Dalton Road
Barrow-in-Furness
Cumbria
LA14 1WY

SHENGS (BARROW) LIMITED (REGISTERED NUMBER: 09294984)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 30,000
Tangible assets 5 5,618 11,492
20,618 41,492

CURRENT ASSETS
Stocks 3,500 3,900
Debtors 3,145 850
Cash at bank and in hand 70,021 50,747
76,666 55,497
CREDITORS
Amounts falling due within one year 59,955 25,192
NET CURRENT ASSETS 16,711 30,305
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,329

71,797

CREDITORS
Amounts falling due after more than one
year

10,984

53,267
NET ASSETS 26,345 18,530

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 26,245 18,430
SHAREHOLDERS' FUNDS 26,345 18,530

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 his 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.

SHENGS (BARROW) LIMITED (REGISTERED NUMBER: 09294984)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 June 2024 and were signed by:





Mr W L Yung - Director


SHENGS (BARROW) LIMITED (REGISTERED NUMBER: 09294984)

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

1. STATUTORY INFORMATION

Shengs (Barrow) Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Goodwill is initially measured at cost. After initial recognition, goodwill is measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
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.

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 14 (2022 - 16 ) .

SHENGS (BARROW) LIMITED (REGISTERED NUMBER: 09294984)

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 150,000
AMORTISATION
At 1 January 2023 120,000
Amortisation for year 15,000
At 31 December 2023 135,000
NET BOOK VALUE

At 31 December 2023 15,000
At 31 December 2022 30,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 38,558
DEPRECIATION
At 1 January 2023 27,066
Charge for year 5,874
At 31 December 2023 32,940
NET BOOK VALUE
At 31 December 2023 5,618
At 31 December 2022 11,492

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

7. RELATED PARTY DISCLOSURES

At 31st December 2023 Mr W L Yung, a director of the company, had on an unsecured basis advanced
£29,292 to the company, there was nothing on a longer term basis. Interest of £6,500 has been paid on the loan during the financial period.