Company registration number 03505863 (England and Wales)
THE CONFEDERATION OF CHINESE BUSINESS (U.K.)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
THE CONFEDERATION OF CHINESE BUSINESS (U.K.)
COMPANY INFORMATION
Director
Mr K B Lam
Company number
03505863
Registered office
98 Bristol Road
Birmingham
West Midlands
B5  7XH
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
The Bank of East Asia Limited
Unit 15, Wing Yip Centre
278 Thimble Mill Lane
Nechells
Birmingham
B7 5HD
THE CONFEDERATION OF CHINESE BUSINESS (U.K.)
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3
THE CONFEDERATION OF CHINESE BUSINESS (U.K.)
ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE CONFEDERATION OF CHINESE BUSINESS (U.K.) FOR THE YEAR ENDED 28 FEBRUARY 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Confederation Of Chinese Business (U.K.) for the year ended 28 February 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of The Confederation Of Chinese Business (U.K.), as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Confederation Of Chinese Business (U.K.) and state those matters that we have agreed to state to the board of directors of The Confederation Of Chinese Business (U.K.), as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Confederation Of Chinese Business (U.K.) and its board of directors as a body, for our work or for this report.

It is your duty to ensure that The Confederation Of Chinese Business (U.K.) has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and deficit of The Confederation Of Chinese Business (U.K.). You consider that The Confederation Of Chinese Business (U.K.) is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Confederation Of Chinese Business (U.K.). For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
15 April 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
THE CONFEDERATION OF CHINESE BUSINESS (U.K.)
BALANCE SHEET
AS AT 28 FEBRUARY 2024
28 February 2024
- 2 -
2024
2023
Notes
£
£
£
£
Current assets
Cash at bank and in hand
176
307
Creditors: amounts falling due within one year
3
(2,390)
(1,473)
Net current liabilities
(2,214)
(1,166)
Reserves
Income and expenditure account
(2,214)
(1,166)
Members' funds
(2,214)
(1,166)

The director of the company has elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 15 April 2024
Mr K B Lam
Director
Company registration number 03505863 (England and Wales)
THE CONFEDERATION OF CHINESE BUSINESS (U.K.)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 3 -
1
Accounting policies
Company information

The Confederation Of Chinese Business (U.K.) is a private company limited by guarantee incorporated in England and Wales. The registered office is 98 Bristol Road, Birmingham, West Midlands, England, B5 7XH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.

1.3
Income and expenditure

Income and expenses are included in the financial statements as they become receivable or due.

 

Expenses include VAT where applicable as the company cannot reclaim it.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
73
71
Other creditors
2,317
1,402
2,390
1,473
4
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.

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