ASIANA FUSION (SUNDERLAND) LTD

Company Registration Number:
07559606 (England and Wales)

Unaudited abridged accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

ASIANA FUSION (SUNDERLAND) LTD

Contents of the Financial Statements

for the Period Ended 29 February 2024

Balance sheet
Notes

ASIANA FUSION (SUNDERLAND) LTD

Balance sheet

As at 29 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 29,031 27,771
Total fixed assets: 29,031 27,771
Current assets
Stocks: 15,650 14,180
Debtors:   38,926 9,678
Cash at bank and in hand: 216,074 289,009
Total current assets: 270,650 312,867
Creditors: amounts falling due within one year: 4 (140,785) (110,062)
Net current assets (liabilities): 129,865 202,805
Total assets less current liabilities: 158,896 230,576
Creditors: amounts falling due after more than one year: 5 (12,501) (22,390)
Provision for liabilities: (2,738) (1,888)
Total net assets (liabilities): 143,657 206,298
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 143,557 206,198
Shareholders funds: 143,657 206,298

The notes form part of these financial statements

ASIANA FUSION (SUNDERLAND) LTD

Balance sheet statements

For the year ending 29 February 2024 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 November 2024
and signed on behalf of the board by:

Name: MR.Y.H.WONG
Status: Director

The notes form part of these financial statements

ASIANA FUSION (SUNDERLAND) LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

1. Accounting policies

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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets and depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life: Fixtures and fittings - 20% reducing balance

ASIANA FUSION (SUNDERLAND) LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

2. Employees

2024 2023
Average number of employees during the period 30 33

ASIANA FUSION (SUNDERLAND) LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 293,785
Additions 8,518
At 29 February 2024 302,303
Depreciation
At 01 March 2023 266,014
Charge for year 7,258
At 29 February 2024 273,272
Net book value
At 29 February 2024 29,031
At 28 February 2023 27,771

ASIANA FUSION (SUNDERLAND) LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Creditors: amounts falling due within one year note

Bank loan - £10648 Trade creditors - £32655 Corporation tax - £27867 Other taxation and social security - £3476 Accruals and deferred income - £66139

ASIANA FUSION (SUNDERLAND) LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

5. Creditors: amounts falling due after more than one year note

Bank loan - £12501

ASIANA FUSION (SUNDERLAND) LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

6. Loans to directors

Name of director receiving advance or credit: Mr.Y.H.Wong
Description of the loan: Loan
£
Balance at 01 March 2023 0
Advances or credits made: 19,266
Balance at 29 February 2024 19,266
Name of director receiving advance or credit: Mr.K.Y.Li
Description of the loan: Loan
£
Balance at 01 March 2023 0
Advances or credits made: 18,722
Balance at 29 February 2024 18,722