Registered number
06792661
Guangdong Zhongxing Plastic and Paper Printing (U.K) Co. Ltd
Filleted Accounts
31 January 2024
Guangdong Zhongxing Plastic and Paper Printing (U.K) Co. Ltd
Registered number: 06792661
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 36,688 3,766
36,688 3,766
Creditors: amounts falling due within one year 3 (1,665) (895)
Net current assets 35,023 2,871
Total assets less current liabilities 35,023 2,871
Creditors: amounts falling due after more than one year 4 (45,462) (1,090)
Net (liabilities)/assets (10,439) 1,781
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account (60,439) (48,219)
Shareholders' funds (10,439) 1,781
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Yong Lin
Director
Approved by the board on 16 September 2024
Guangdong Zhongxing Plastic and Paper Printing (U.K) Co. Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 720 864
Taxation and social security costs - (28)
Other creditors 945 59
1,665 895
4 Creditors: amounts falling due after one year 2024 2023
£ £
Director's account 45,462 1,090
45,462 1,090
5 Controlling party
The company is controlled by Mr Yong Lin (65%) and Ms Li Ma (35%).
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