Company Registration No. 10701523 (England and Wales)
GINSENG GROUP LTD
Unaudited accounts
for the year ended 31 March 2024
GINSENG GROUP LTD
Unaudited accounts
Contents
GINSENG GROUP LTD
Company Information
for the year ended 31 March 2024
Directors
Dr. Li Hua Li
Miss. Tian Qiong Gao
Company Number
10701523 (England and Wales)
Registered Office
157 Kings Road
London
SW3 5TX
England
Accountants
NJ Accountants Ltd
CIMA Member In Practice, FCMA, CGMA
53 Edgefield Avenue
Barking
Essex
IG11 9JL
GINSENG GROUP LTD
Statement of financial position
as at 31 March 2024
Tangible assets
2,723
1,375
Cash at bank and in hand
117,825
121,889
Creditors: amounts falling due within one year
(9,963)
(10,496)
Net current assets
119,541
119,951
Net assets
122,264
121,326
Called up share capital
100
100
Profit and loss account
122,164
121,226
Shareholders' funds
122,264
121,326
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by
Dr. Li Hua Li
Director
Company Registration No. 10701523
GINSENG GROUP LTD
Notes to the Accounts
for the year ended 31 March 2024
GINSENG GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 10701523. The registered office is 157 Kings Road, London, SW3 5TX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight line 18%
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2023
-
2,149
2,149
At 31 March 2024
1,979
2,149
4,128
Charge for the year
356
275
631
At 31 March 2024
356
1,049
1,405
At 31 March 2024
1,623
1,100
2,723
At 31 March 2023
-
1,375
1,375
GINSENG GROUP LTD
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Accrued income and prepayments
4,179
-
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
285
3,584
Loans from directors
650
-
7
Average number of employees
During the year the average number of employees was 7 (2023: 7).