Registered number
09943034
China Town Takeaway (Gillingham) Limited
Filleted Accounts
28 February 2024
China Town Takeaway (Gillingham) Limited
Registered number: 09943034
Balance Sheet
as at 28 February 2024
Notes 2024 2023
£ £
Current assets
Stocks 250 250
Cash at bank and in hand 10,548 14,376
10,798 14,626
Creditors: amounts falling due within one year 3 (48,802) (36,591)
Net current liabilities (38,004) (21,965)
Net liabilities (38,004) (21,965)
Capital and reserves
Called up share capital 1 1
Profit and loss account (38,005) (21,966)
Shareholder's funds (38,004) (21,965)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms Yunqin He
Director
Approved by the board on 28 November 2024
China Town Takeaway (Gillingham) Limited
Notes to the Accounts
for the year ended 28 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and 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.
Creditors
Short term creditors are measured at transaction price (which is 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. No provision for deferred tax is required.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 19,958 17,271
Other creditors 28,844 19,320
48,802 36,591
Other creditors include an amount of £24,484(2023: £14,960) due to the director.
4 Other information
China Town Takeaway (Gillingham) Limited is a private company limited by shares and incorporated in England. Its registered office is:
C/o Chan & Co
Golden Cross House
8 Duncannon Street
London
WC2N 4JF
5 Controlling party
The company is controlled by the sole director.
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