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Company registration number:09375690
HANGCHAO LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 January 2024
HANGCHAO LIMITED
BALANCE SHEET
AS AT 31 January 2024
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets35,8855,324
5,8855,324
CURRENT ASSETS
Stocks4,8004,500
Debtors43,6044,065
Cash at bank and in hand141,865146,730
150,269155,295
CREDITORS
Amounts falling due within one year 5 (32,719) (27,936)
NET CURRENT ASSETS 117,550 127,359
TOTAL ASSETS LESS
CURRENT LIABILITIES 123,435 132,683
PROVISIONS FOR LIABILITIES(792)(685)
NET ASSETS 122,643 131,998
CAPITAL AND RESERVES
Called-up equity share capital 6 100 100
Profit and loss account 122,543 131,898
SHAREHOLDERS FUNDS 122,643 131,998
For the year ending 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 3 October 2024 and signed on its behalf.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
..........................................................................
Mr Hangchao Liu
3 October 2024
The annexed notes form part of these financial statements.

HANGCHAO LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024
Share Share P and L Revaluation Other Total
Capital Premium Account reserve reserves equity
£ £ £ £ £ £
Balance at 1 February 20221000126,03200126,132
Changes in equity
Dividend00(33,000)00(33,000)
Total Comprehensive Income0038,8660038,866
Balance at 31 January 20231000131,89800131,998
Changes in equity
Dividend00(33,000)00(33,000)
Total comprehensive income0023,6450023,645
Balance at 31 January 20241000122,54300122,643

HANGCHAO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
1. Accounting policies
Statutory information
Hangchao Limited is a private company limited by shares incorporated in England within the United Kingdom. The address of the registered office is: 2nd Floor Cathay Building, 86 Holloway, Birmingham, B1 1NB The company's registration number is: 09375690
Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the
Fixed Assets
Tangible fixed assets are stated at cost less depreciation. Depreciation i provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures and Fittings 15 % reducing balance basi
Stocks and Work In Progress
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.
Deferred Taxation
Deferred tax is provided on the liability method to take account of the timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Pension Scheme
The company operates a defined contribution pension scheme, Nest pension scheme, and the pension charge represents the amounts payable by the company to the fund in respect of the year.
2.Employees
The average number of persons employed by the company (including directors) during the year was 11.
3.Tangible fixed assets
F and F Total
Cost
At start of period 8,605 8,605
Additions 1,600 1,600
At end of period 10,205 10,205
Depreciation
At start of period 3,281 3,281
Provided during the period 1,039 1,039
At end of period 4,320 4,320
Net Book Value
At start of period 5,324 5,324
At end of period 5,885 5,885
4.Debtors
20242023
££
Due within one year
Prepayments and accrued income3,6044,065
3,6044,065
5.Creditors due within one year
20242023
££
Corporation Tax14,1908,750
Other taxes and social security costs16,86917,132
Accruals and deferred income1,6582,054
32,719 27,936
6. Share capital Alloted, Issued and fully paid
2024 2023
£ £
Ordinary shares of £1 each100100
Total issued share capital100100
7.Related Party Transactions
During the year, the company paid dividends totalling £33,000 to the director.