Company Registration No. 05706856 (England and Wales)
GINSENG LIMITED
Unaudited accounts
for the year ended 29 February 2024
GINSENG LIMITED
Unaudited accounts
Contents
GINSENG LIMITED
Company Information
for the year ended 29 February 2024
Directors
Dr. Li Hua Li
Miss. Tianqiong Gao
Company Number
05706856 (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 LIMITED
Statement of financial position
as at 29 February 2024
Tangible assets
39,749
12,091
Cash at bank and in hand
236,943
165,139
Creditors: amounts falling due within one year
(86,030)
(55,447)
Net current assets
323,941
256,705
Total assets less current liabilities
363,690
268,796
Creditors: amounts falling due after more than one year
(31,787)
(38,286)
Net assets
331,903
230,510
Called up share capital
100
100
Profit and loss account
331,803
230,410
Shareholders' funds
331,903
230,510
For the year ending 29 February 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 14 October 2024 and were signed on its behalf by
Dr. Li Hua Li
Director
Company Registration No. 05706856
GINSENG LIMITED
Notes to the Accounts
for the year ended 29 February 2024
GINSENG LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05706856. 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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line over 15 years
Plant & machinery
20% on reducing balance basis
Fixtures & fittings
20% on reducing balance basis
Computer equipment
20% on reducing balance basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2023
65,254
27,501
174,194
53,544
320,493
Additions
29,341
-
7,502
752
37,595
At 29 February 2024
94,595
27,501
181,696
54,296
358,088
At 1 March 2023
65,253
17,644
172,207
53,298
308,402
Charge for the year
5,868
1,971
1,898
200
9,937
At 29 February 2024
71,121
19,615
174,105
53,498
318,339
At 29 February 2024
23,474
7,886
7,591
798
39,749
At 28 February 2023
1
9,857
1,987
246
12,091
GINSENG LIMITED
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
7,739
23,013
Other debtors
86,800
49,000
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
21,137
19,240
Taxes and social security
32,752
-
Loans from directors
32,141
29,299
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 7 (2023: 7).