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REGISTERED NUMBER: 05841708 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

GOOD LUCK CHINESE TAKEAWAY LIMITED

GOOD LUCK CHINESE TAKEAWAY LIMITED (REGISTERED NUMBER: 05841708)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GOOD LUCK CHINESE TAKEAWAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr S Wong





REGISTERED OFFICE: 25 Hoddinott Road
Eastleigh
Hampshire
SO50 5SN





BUSINESS ADDRESS: 79 Twyford Road
Eastleigh
Hampshire
SO50 4HH





REGISTERED NUMBER: 05841708 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Chartered Certified Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

GOOD LUCK CHINESE TAKEAWAY LIMITED (REGISTERED NUMBER: 05841708)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,625
Tangible assets 5 - 1,460
- 3,085

CURRENT ASSETS
Stocks - 926
Debtors 6 4,793 4,904
Cash in hand - 721
4,793 6,551
CREDITORS
Amounts falling due within one year 7 20,801 11,711
NET CURRENT LIABILITIES (16,008 ) (5,160 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,008

)

(2,075

)

CREDITORS
Amounts falling due after more than one
year

8

(9,357

)

(11,408

)

PROVISIONS FOR LIABILITIES - (278 )
NET LIABILITIES (25,365 ) (13,761 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (25,369 ) (13,765 )
SHAREHOLDERS' FUNDS (25,365 ) (13,761 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GOOD LUCK CHINESE TAKEAWAY LIMITED (REGISTERED NUMBER: 05841708)

BALANCE SHEET - continued
31 MARCH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 January 2025 and were signed by:





Mr S Wong - Director


GOOD LUCK CHINESE TAKEAWAY LIMITED (REGISTERED NUMBER: 05841708)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Good Luck Chinese Takeaway Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents amounts receivable for meals sold net of V.A.T.

Goodwill
Goodwill is written off over twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

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 Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

GOOD LUCK CHINESE TAKEAWAY LIMITED (REGISTERED NUMBER: 05841708)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 10,000
Disposals (10,000 )
At 31 March 2024 -
AMORTISATION
At 1 April 2023 8,375
Eliminated on disposal (8,375 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 1,625

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023 6,678
Disposals (6,678 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 5,218
Eliminated on disposal (5,218 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 1,460

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,793 4,904

GOOD LUCK CHINESE TAKEAWAY LIMITED (REGISTERED NUMBER: 05841708)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,843 5,052
Trade creditors - 1,961
Taxation and social security 170 170
Other creditors 14,788 4,528
20,801 11,711

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,357 11,408

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 4,065 3,719

Bank overdraft is secured over the assets of the company.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
£    £   
Mr S Wong
Balance outstanding at start of year (2,444 ) 12,712
Amounts advanced 14,427 31,249
Amounts repaid (24,759 ) (46,405 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (12,776 ) (2,444 )