Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01No description of principal activity34truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02345264 2023-04-01 2024-03-31 02345264 2022-04-01 2023-03-31 02345264 2024-03-31 02345264 2023-03-31 02345264 2022-04-01 02345264 c:Director1 2023-04-01 2024-03-31 02345264 d:OfficeEquipment 2023-04-01 2024-03-31 02345264 d:OfficeEquipment 2024-03-31 02345264 d:OfficeEquipment 2023-03-31 02345264 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 02345264 d:FreeholdInvestmentProperty 2024-03-31 02345264 d:FreeholdInvestmentProperty 2023-03-31 02345264 d:CurrentFinancialInstruments 2024-03-31 02345264 d:CurrentFinancialInstruments 2023-03-31 02345264 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 02345264 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 02345264 d:ShareCapital 2024-03-31 02345264 d:ShareCapital 2023-03-31 02345264 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 02345264 d:RetainedEarningsAccumulatedLosses 2024-03-31 02345264 d:RetainedEarningsAccumulatedLosses 2023-03-31 02345264 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 02345264 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 02345264 d:OtherDeferredTax 2024-03-31 02345264 d:OtherDeferredTax 2023-03-31 02345264 c:FRS102 2023-04-01 2024-03-31 02345264 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 02345264 c:FullAccounts 2023-04-01 2024-03-31 02345264 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02345264 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 02345264









DONGLUN LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
DONGLUN LIMITED
REGISTERED NUMBER: 02345264

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
10,913
8,194

Investment property
 5 
285,000
285,000

  
295,913
293,194

Current assets
  

Stocks
  
-
271,695

Debtors: amounts falling due within one year
 6 
3,013
305,355

Cash at bank and in hand
  
170,816
3,547

  
173,829
580,597

Creditors: amounts falling due within one year
 7 
(20,359)
(372,309)

Net current assets
  
 
 
153,470
 
 
208,288

Total assets less current liabilities
  
449,383
501,482

Provisions for liabilities
  

Deferred tax
 8 
(26,229)
(25,605)

  
 
 
(26,229)
 
 
(25,605)

Net assets
  
423,154
475,877


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
 9 
423,054
475,777

  
423,154
475,877


Page 1

 
DONGLUN LIMITED
REGISTERED NUMBER: 02345264
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 October 2024.

Y Wang
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
DONGLUN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Donglun Limited is a private company limited by shares and registered in England & Wales. The address of its registered office is 124 Finchley Road, London NW3 5JS. The address of its principal place of business is 109 Baxter Avenue, Southend-on-Sea, Essex SS2 6HX.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Currency

The company's functional and presentational currency is GBP.
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Income and Retained Earnings.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer which is at the point of delivery;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
DONGLUN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the United Kingdom.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the statement of financial position date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences.

 
2.5

Tangible fixed assets

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

Depreciation is provided on the following basis:

Office equipment and furniture
-
20%
per annum on the reducing balance

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 amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to sell. Cost is based on the cost of purchase on an actual basis. 

 
2.8

Debtors

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

Page 4

 
DONGLUN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short term creditors are measured at the transaction price. 

 
2.11

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and related party loans.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 4).

Page 5

 
DONGLUN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Office equipment and furniture

£



Cost or valuation


At 1 April 2023
19,254


Additions
5,447



At 31 March 2024

24,701



Depreciation


At 1 April 2023
11,060


Charge for the year on owned assets
2,728



At 31 March 2024

13,788



Net book value



At 31 March 2024
10,913



At 31 March 2023
8,194


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
285,000



At 31 March 2024
285,000









Page 6

 
DONGLUN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Trade debtors
-
303,644

Other debtors
3,013
1,711

3,013
305,355



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
271,255

Corporation tax
5,907
7,206

Other creditors
10,452
89,648

Accruals
4,000
4,200

20,359
372,309


Page 7

 
DONGLUN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Deferred taxation




2024
2023


£

£






At beginning of year
(25,605)
(19,523)


Charged to profit or loss
(624)
(6,082)



At end of year
(26,229)
(25,605)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(2,136)
(1,512)

Investment property revaluation
(24,093)
(24,093)

(26,229)
(25,605)


9.


Reserves

Profit and loss account

This includes £161,762 (2023 £161,762) on the revalued investment property which is an undistributable reserve.


10.


Transactions with directors

At the year end date £10,452 was owed to the director (2023: £38,350). 

 
Page 8