Registered number
12288289
Shuang Hsi Limited
Filleted Accounts
31 January 2024
Shuang Hsi Limited
Registered number: 12288289
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 12,000 12,000
Current assets
Stocks 3,911 3,610
Debtors 4 6,452 2,049
Cash at bank and in hand 28,542 19,509
38,905 25,168
Creditors: amounts falling due within one year 5 (18,807) (16,490)
Net current assets 20,098 8,678
Net assets 32,098 20,678
Capital and reserves
Called up share capital 10 10
Profit and loss account 32,088 20,668
Shareholder's funds 32,098 20,678
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Xiuping Huang
Director
Approved by the board on 27 June 2024
Shuang Hsi Limited
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on tangible fixed assets at rates calculated as follows:
Plant and machinery 18% reducing balance
Fixtures, fittings, tools and equipment 6% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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 7 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2023 12,000
At 31 January 2024 12,000
Amortisation
At 31 January 2024 -
Net book value
At 31 January 2024 12,000
At 31 January 2023 12,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Debtors 2024 2023
£ £
Trade debtors 5,771 1,161
Other debtors 681 888
6,452 2,049
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 468 -
Taxation and social security costs 16,295 14,721
Other creditors 2,044 1,769
18,807 16,490
6 Other information
Shuang Hsi Limited is a private company limited by shares and incorporated in England. Its registered office is:
129 Allenby Road
Leeds
LS11 5RR
Shuang Hsi Limited 12288289 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts July 2024 Xiuping Huang No description of principal activity 12288289 2022-02-01 2023-01-31 12288289 core:WithinOneYear 2023-01-31 12288289 core:ShareCapital 2023-01-31 12288289 core:RetainedEarningsAccumulatedLosses 2023-01-31 12288289 2023-02-01 2024-01-31 12288289 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12288289 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 12288289 bus:Director40 2023-02-01 2024-01-31 12288289 1 2023-02-01 2024-01-31 12288289 2 2023-02-01 2024-01-31 12288289 countries:England 2023-02-01 2024-01-31 12288289 bus:FRS102 2023-02-01 2024-01-31 12288289 bus:FilletedAccounts 2023-02-01 2024-01-31 12288289 2024-01-31 12288289 core:WithinOneYear 2024-01-31 12288289 core:ShareCapital 2024-01-31 12288289 core:RetainedEarningsAccumulatedLosses 2024-01-31 12288289 core:Goodwill 2024-01-31 12288289 2023-01-31 12288289 core:Goodwill 2023-01-31 iso4217:GBP xbrli:pure