EASTERN STORES CHINESE SUPERMARKET LIMITED

Company Registration Number:
11105137 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

EASTERN STORES CHINESE SUPERMARKET LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

EASTERN STORES CHINESE SUPERMARKET LIMITED

Company Information

for the Period Ended 31 December 2023




Director: Gao, Qian
Registered office: 212-216
Kingston Road
Portsmouth
England
PO2 7LR
Company Registration Number: 11105137 (England and Wales)

EASTERN STORES CHINESE SUPERMARKET LIMITED

Directors' Report Period Ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Directors

The director(s) shown below were appointed to the company during the period
Gao, Qian
01 January 2023

This report was approved by the board of directors on 28 October 2024
And Signed On Behalf Of The Board By:

Name: Gao, Qian
Status: Director

EASTERN STORES CHINESE SUPERMARKET LIMITED

Profit and Loss Account

for the Period Ended 31 December 2023


Notes

2023
£

2022
£
Gross Profit or (Loss) 342,613 303,066
Administrative Expenses ( 240,267 ) ( 229,784 )
Operating Profit or (Loss) 102,346 73,282
Interest Receivable and Similar Income 41 57
Interest Payable and Similar Charges ( 2,391 ) ( 2,640 )
Profit or (Loss) Before Tax 99,996 70,699
Tax on Profit ( 21,832 ) ( 9,817 )
Profit or (Loss) for Period 78,164 60,882

The notes form part of these financial statements

EASTERN STORES CHINESE SUPERMARKET LIMITED

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 16,730 22,868
Total fixed assets: 16,730 22,868
Current assets
Stocks: 47,793 45,000
Debtors: 5 336,187 93,511
Cash at bank and in hand: 38,368 165,331
Total current assets: 422,348 303,842
Creditors: amounts falling due within one year: 6 ( 248,894 ) ( 202,283 )
Net current assets (liabilities): 173,454 101,559
Total assets less current liabilities: 190,184 124,427
Creditors: amounts falling due after more than one year: ( 29,268 ) ( 28,059 )
Total net assets (liabilities): 160,916 96,368

The notes form part of these financial statements

EASTERN STORES CHINESE SUPERMARKET LIMITED

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 160,915 96,367
Shareholders funds: 160,916 96,368

For the year ending 31 December 2023 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 28 October 2024
And Signed On Behalf Of The Board By:

Name: Gao, Qian
Status: Director

The notes form part of these financial statements

EASTERN STORES CHINESE SUPERMARKET LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover
    Turnover is the value of goods invoiced excluding value added tax. It includes revenue earned from the sale of goods and services.

    Presentation currency
    The accounts are presented in £ sterling.

EASTERN STORES CHINESE SUPERMARKET LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 8 8

EASTERN STORES CHINESE SUPERMARKET LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

EASTERN STORES CHINESE SUPERMARKET LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 29,530
Additions 14,454
Disposals (9,320)
Revaluations -
Transfers -
At 31 December 2023 34,664
Depreciation
At 01 January 2023 6,662
Charge for year 11,272
On disposals -
Other adjustments -
At 31 December 2023 17,934
Net book value
At 31 December 2023 16,730
At 31 December 2022 22,868

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:
Plant & machinery 33% Straight Line
Motor vehicles 25% Straight Line
Computer equipment 27% Straight Line

EASTERN STORES CHINESE SUPERMARKET LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 5. Debtors

    Debtors
    Short term debtors are measured at transaction price (usually the invoice price), less any impairment losses for bad or 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.

EASTERN STORES CHINESE SUPERMARKET LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

Creditors
Short term creditors are measured at transaction price (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.