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REGISTERED NUMBER: 13294682 (England and Wales)










Financial Statements

for the Year Ended 28 February 2024

for

Wlh Panda Ltd

Wlh Panda Ltd (Registered number: 13294682)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Wlh Panda Ltd

Company Information
for the Year Ended 28 February 2024







DIRECTORS: Ms Junyi Li
Mr Ju Pu





REGISTERED OFFICE: 9a Silver Street
Durham
Co. Durham
DH1 3RB





REGISTERED NUMBER: 13294682 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

Wlh Panda Ltd (Registered number: 13294682)

Balance Sheet
28 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 197,027 225,359

CURRENT ASSETS
Stocks 9,850 8,500
Debtors 5 3,900 11,956
Cash at bank and in hand 18,855 60,273
32,605 80,729
CREDITORS
Amounts falling due within one year 6 (430,574 ) (382,515 )
NET CURRENT LIABILITIES (397,969 ) (301,786 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(200,942

)

(76,427

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 (201,042 ) (76,527 )
(200,942 ) (76,427 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Wlh Panda Ltd (Registered number: 13294682)

Balance Sheet - continued
28 February 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 November 2024 and were signed on its behalf by:





Ms Junyi Li - Director


Wlh Panda Ltd (Registered number: 13294682)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Wlh Panda Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Straight line over 10 years
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Wlh Panda Ltd (Registered number: 13294682)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

2. ACCOUNTING POLICIES - continued

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 45 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 215,951 56,959 2,470 3,508 278,888
Additions - - 1,550 687 2,237
At 28 February 2024 215,951 56,959 4,020 4,195 281,125
DEPRECIATION
At 1 March 2023 43,190 9,237 233 869 53,529
Charge for year 21,595 7,158 569 1,247 30,569
At 28 February 2024 64,785 16,395 802 2,116 84,098
NET BOOK VALUE
At 28 February 2024 151,166 40,564 3,218 2,079 197,027
At 28 February 2023 172,761 47,722 2,237 2,639 225,359

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,900 3,900
VAT - 8,056
3,900 11,956

Wlh Panda Ltd (Registered number: 13294682)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Pension contributions unpaid 144 325
Social security and other tax 1,898 2,852
VAT 10,624 -
Other creditors - 19,760
Directors' curr acc - Miss Junyi Li 243,364 212,984
Directors' curr acc - Mr Ju Pu 172,114 141,734
Accrued expenses 2,430 4,860
430,574 382,515

7. RESERVES
Retained
earnings
£   

At 1 March 2023 (76,527 )
Deficit for the year (124,515 )
At 28 February 2024 (201,042 )