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Registered Number: 11716894
England and Wales

 

 

 

GREAT WALL GROUP LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Director Mr H Huang
Registered Number 11716894
Registered Office 1 Andromeda House
Calleva Park
Aldermaston, Reading
Berkshire
RG7 8AP
Accountants Dove Marsh & Jones
1 Andromeda House
Calleva Park
Aldermaston
Berkshire
RG7 8AP
1
Report to the directors on the preparation of the unaudited statutory accounts of Great Wall Group Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Great Wall Group Ltd for the year ended 31 December 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes 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
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Great Wall Group Ltd, as a body, in accordance with the terms of our engagement letter dated 25 September 2024 Our work has been undertaken solely to prepare for your approval the accounts of Great Wall Group Ltd and state those matters that we have agreed to state to the Board of Directors of Great Wall Group Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Great Wall Group Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Great Wall Group Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Great Wall Group Ltd. You consider that Great Wall Group Ltd is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Great Wall Group Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 December 2023



....................................................
Dove Marsh & Jones
Dove Marsh & Jones

1 Andromeda House
Calleva Park
Aldermaston
Berkshire
RG7 8AP
25 September 2024
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 6,057    2,783 
6,057    2,783 
Current assets      
Stocks 4   5,543 
Debtors 5 121,211    149,551 
Cash at bank and in hand 79,328    222,573 
200,539    377,667 
Creditors: amount falling due within one year 6 (160,601)   (342,413)
Net current assets 39,938    35,254 
 
Total assets less current liabilities 45,995    38,037 
Accruals and deferred income (22,440)   (29,159)
Net assets 23,555    8,878 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 23,554    8,877 
Shareholders' funds 23,555    8,878 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 25 September 2024 and were signed by:


-------------------------------
Mr H Huang
Director
3
General Information
Great Wall Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 11716894, registration address 1 Andromeda House, Calleva Park, Aldermaston, Reading, Berkshire, RG7 8AP. The trading address of the company is Unit A2 , Cyril Vokins Road, Newbury, Hampshire, RG14 5XB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Computer Equipment 25% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 3 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 January 2023   3,071    3,071 
Additions 4,950      4,950 
Disposals    
At 31 December 2023 4,950    3,071    8,021 
Depreciation
At 01 January 2023   288    288 
Charge for year 908    768    1,676 
On disposals    
At 31 December 2023 908    1,056    1,964 
Net book values
Closing balance as at 31 December 2023 4,042    2,015    6,057 
Opening balance as at 01 January 2023   2,783    2,783 


4.

Stocks

2023
£
  2022
£
Work in Progress   5,543 
  5,543 

5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 34,930    120,966 
Prepayments & Accrued Income 29,831    14,005 
Other Debtors 10,000   
VAT 31,870   
106,631    134,971 

5.

Debtors: amounts falling due after one year

2023
£
  2022
£
Other Debtors 14,580    14,580 
14,580    14,580 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 110,071    234,181 
Corporation Tax 4,780    1,460 
PAYE & Social Security 299    1,192 
Accrued Expenses 2,145    7,141 
Other Creditors 41,163    16,201 
Directors' Current Accounts 2,143    81,943 
VAT   295 
160,601    342,413 

7.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
 2022
£
 2023
£
 2022
£
Mr H Huang(79,800)(89,795)2,143 81,943 

Mr H Huang is the sole director and shareholder throughout the current and previous year. Mr H Huang loan to the company is unsecured and subordinate to other borrowings.
4