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Registered number: 11651364
Shanghai Ye Limited
Financial Statements
For The Year Ended 30 April 2024
Prudence Accountancy
Office 704, JQ Modern
120 Vyse Street
Birmingham
B18 6NF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11651364
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 500 12,700
Debtors 5 2,715 37,872
Cash at bank and in hand - 3,600
3,215 54,172
Creditors: Amounts Falling Due Within One Year 6 (55,462 ) (60,997 )
NET CURRENT ASSETS (LIABILITIES) (52,247 ) (6,825 )
TOTAL ASSETS LESS CURRENT LIABILITIES (52,247 ) (6,825 )
Creditors: Amounts Falling Due After More Than One Year 7 (11,762 ) (21,765 )
NET LIABILITIES (64,009 ) (28,590 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (64,109 ) (28,690 )
SHAREHOLDERS' FUNDS (64,009) (28,590)
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Yiran Li
Director
26/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Shanghai Ye Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11651364 . The registered office is 100 Holloway Head, Birmingham, B1 1NB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
4 3
4. Stocks
2024 2023
£ £
Stock 500 12,700
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,561 36,682
VAT 154 1,190
2,715 37,872
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 2,827
Bank loans and overdrafts 10,659 9,704
Corporation tax 211 211
Other taxes and social security 12,111 2,996
Net wages 3,976 1,956
NEST pension 139 139
Accruals and deferred income 2,437 3,425
Director's loan account 25,929 39,739
55,462 60,997
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Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 11,762 21,765
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4