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Company Registration No. 05706856 (England and Wales)
GINSENG LIMITED Unaudited accounts for the year ended 29 February 2024
GINSENG LIMITED Unaudited accounts Contents
Page
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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
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GINSENG LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
39,749 
12,091 
Current assets
Inventories
75,000 
75,000 
Debtors
98,028 
72,013 
Cash at bank and in hand
236,943 
165,139 
409,971 
312,152 
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 
Capital and reserves
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
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GINSENG LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 
Depreciation
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 
Net book value
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 
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GINSENG LIMITED Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,489 
- 
Trade debtors
7,739 
23,013 
Other debtors
86,800 
49,000 
98,028 
72,013 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
6,250 
Trade creditors
21,137 
19,240 
Taxes and social security
32,752 
- 
Other creditors
- 
658 
Loans from directors
32,141 
29,299 
86,030 
55,447 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
31,787 
38,286 
8
Share capital
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).
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