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REGISTERED NUMBER: 02637477 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

C. J. (UK) LIMITED

C. J. (UK) LIMITED (REGISTERED NUMBER: 02637477)






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


C. J. (UK) LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: L J Blunt
V W L Chan
Ms V W K Chan
Mrs S S Y Cheng





REGISTERED OFFICE: 3rd Floor Lumiere House
Elstree Way
Borehamwood
Hertfordshire
WD6 1JH





REGISTERED NUMBER: 02637477 (England and Wales)





AUDITORS: Primera Accountants Limited
First Floor
Spitalfields House
Stirling Way
Borehamwood
Hertfordshire
WD6 2FX

C. J. (UK) LIMITED (REGISTERED NUMBER: 02637477)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 6 6
Tangible assets 5 48,619 76,048
48,625 76,054

CURRENT ASSETS
Stocks 2,062,927 2,514,472
Debtors 6 999,854 921,378
Cash at bank and in hand 606,913 569,244
3,669,694 4,005,094
CREDITORS
Amounts falling due within one year 7 (244,523 ) (586,246 )
NET CURRENT ASSETS 3,425,171 3,418,848
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,473,796

3,494,902

CREDITORS
Amounts falling due after more than one
year

8

(1,650,000

)

(1,700,000

)
NET ASSETS 1,823,796 1,794,902

CAPITAL AND RESERVES
Called up share capital 10 1,330 1,330
Retained earnings 1,822,466 1,793,572
SHAREHOLDERS' FUNDS 1,823,796 1,794,902

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 17 September 2024 and were signed on its behalf by:





L J Blunt - Director


C. J. (UK) LIMITED (REGISTERED NUMBER: 02637477)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

C. J. (UK) 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.

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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Judgements in respect of value of stocks has had the most significant effects on amounts recognized in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are 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.
Short leasehold - in accordance with the property
Fixtures and fittings - at varying rates 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.

C. J. (UK) LIMITED (REGISTERED NUMBER: 02637477)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.


C. J. (UK) LIMITED (REGISTERED NUMBER: 02637477)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
The financial statements have been prepared on a going concern basis. The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future. The parent company has indicated that they will continue to provide the financial support for the next 12 months

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 6
NET BOOK VALUE
At 30 June 2024 6
At 30 June 2023 6

5. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 122,999 96,644 219,643
DEPRECIATION
At 1 July 2023 77,393 66,202 143,595
Charge for year 16,584 10,845 27,429
At 30 June 2024 93,977 77,047 171,024
NET BOOK VALUE
At 30 June 2024 29,022 19,597 48,619
At 30 June 2023 45,606 30,442 76,048

C. J. (UK) LIMITED (REGISTERED NUMBER: 02637477)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 843,244 784,206
Other debtors 156,610 137,172
999,854 921,378

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 130,864 165,116
Amounts owed to group undertakings 60,865 147,759
Taxation and social security 37,617 58,001
Other creditors 15,177 215,370
244,523 586,246

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 1,650,000 1,700,000

The long term loan from Continental Holdings Limited, parent company, is treated as a long term loan as it has no specific repayment terms.

9. SECURED DEBTS

There is a fixed and floating charges over the assets of the company in favour of Barclays Bank PLC.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1,000 Ordinary A 1 1,000 1,000
330 Ordinary B 1 330 330
1,330 1,330

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Michael Marcus FCA FCCA (Senior Statutory Auditor)
for and on behalf of Primera Accountants Limited

12. RELATED PARTY DISCLOSURES

There is a fixed and flosting charges over the assets of the company in favour of L Blunt.

C. J. (UK) LIMITED (REGISTERED NUMBER: 02637477)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Continental Holdings Limited,registered in Hong Kong.

The immediate parent company is Yett Holdings Limited, a company registered in the British Virgin Islands.