Company Registration No. 10775579 (England and Wales)
Anji Orient Limited
Unaudited accounts
for the year ended 31 May 2024
Anji Orient Limited
Unaudited accounts
Contents
Anji Orient Limited
Company Information
for the year ended 31 May 2024
Company Number
10775579 (England and Wales)
Registered Office
164 New Cavendish Street
London
W1W 6YT
Anji Orient Limited
Statement of financial position
as at 31 May 2024
Tangible assets
8,356
20,707
Cash at bank and in hand
84,668
106,512
Creditors: amounts falling due within one year
(127,162)
(139,271)
Net current assets
59,665
83,614
Total assets less current liabilities
68,021
104,321
Creditors: amounts falling due after more than one year
(27,778)
(33,333)
Called up share capital
100
100
Profit and loss account
40,143
70,888
Shareholders' funds
40,243
70,988
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 January 2025 and were signed on its behalf by
S Y Kuek
Director
Company Registration No. 10775579
Anji Orient Limited
Notes to the Accounts
for the year ended 31 May 2024
Anji Orient Limited is a private company, limited by shares, registered in England and Wales, registration number 10775579. The registered office is 164 New Cavendish Street, London, W1W 6YT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on costs
Fixtures & fittings
20% on costs
Computer equipment
20% on costs
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Anji Orient Limited
Notes to the Accounts
for the year ended 31 May 2024
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Intangible fixed assets
Goodwill
Other
Total
At 1 June 2023
1
15,001
15,002
At 31 May 2024
1
15,001
15,002
At 1 June 2023
1
15,001
15,002
At 31 May 2024
1
15,001
15,002
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
15,196
47,161
2,616
64,973
At 31 May 2024
16,000
47,161
2,616
65,777
At 1 June 2023
10,108
32,189
1,969
44,266
Charge for the year
3,200
9,432
523
13,155
At 31 May 2024
13,308
41,621
2,492
57,421
At 31 May 2024
2,692
5,540
124
8,356
At 31 May 2023
5,088
14,972
647
20,707
Amounts falling due within one year
Trade debtors
10,887
23,370
Accrued income and prepayments
5,261
6,138
Other debtors
63,750
63,750
Anji Orient Limited
Notes to the Accounts
for the year ended 31 May 2024
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,556
5,555
Trade creditors
22,956
24,267
Taxes and social security
14,235
20,041
Other creditors
43,140
38,287
Loans from directors
41,254
50,532
8
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Transactions with related parties
Included in the other creditors is an amount of £41,254 (2023: £50,532) owed by the company to Ms S Y Kuek, a sole director and 51% shareholder of the company.
During the year interim dividends of £30,090 (2023: £30,090) were paid to Ms S Y Kuek.
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Average number of employees
During the year the average number of employees was 11 (2023: 12).