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Company Registration No. 06152108 (England and Wales)
LOTUS GLOBAL CO LTD Unaudited accounts for the year ended 30 April 2024
LOTUS GLOBAL CO LTD Unaudited accounts Contents
Page
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LOTUS GLOBAL CO LTD Company Information for the year ended 30 April 2024
Director
Xue Li Wei
Company Number
06152108 (England and Wales)
Registered Office
23 MAINE STREET READING RG2 6AG ENGLAND
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LOTUS GLOBAL CO LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
163,905 
83,997 
Current assets
Debtors
75,702 
10,735 
Cash at bank and in hand
14,060 
27,874 
89,762 
38,609 
Creditors: amounts falling due within one year
(119,674)
(38,641)
Net current liabilities
(29,912)
(32)
Total assets less current liabilities
133,993 
83,965 
Creditors: amounts falling due after more than one year
(80,665)
(4,311)
Net assets
53,328 
79,654 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
53,228 
79,554 
Shareholders' funds
53,328 
79,654 
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 4 December 2024 and were signed on its behalf by
Xue Li Wei Director Company Registration No. 06152108
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LOTUS GLOBAL CO LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
LOTUS GLOBAL CO LTD is a private company, limited by shares, registered in England and Wales, registration number 06152108. The registered office is 23 MAINE STREET, READING, RG2 6AG, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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:
Motor vehicles
20% on cost
Computer equipment
20% on cost
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
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.
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LOTUS GLOBAL CO LTD Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
95,500 
16,176 
111,676 
Additions
160,829 
2,600 
163,429 
Disposals
(47,500)
- 
(47,500)
At 30 April 2024
208,829 
18,776 
227,605 
Depreciation
At 1 May 2023
19,100 
8,579 
27,679 
Charge for the year
41,766 
3,755 
45,521 
On disposals
(9,500)
- 
(9,500)
At 30 April 2024
51,366 
12,334 
63,700 
Net book value
At 30 April 2024
157,463 
6,442 
163,905 
At 30 April 2023
76,400 
7,597 
83,997 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
49,562 
- 
Other debtors
25,350 
10,735 
74,912 
10,735 
Amounts falling due after more than one year
Accrued income and prepayments
790 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,049 
1,999 
Obligations under finance leases and hire purchase contracts
19,050 
- 
Taxes and social security
11,422 
26,238 
Other creditors
4,234 
4,234 
Loans from directors
82,919 
2,897 
Accruals
- 
3,273 
119,674 
38,641 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,261 
4,311 
Obligations under finance leases and hire purchase contracts
78,404 
- 
80,665 
4,311 
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LOTUS GLOBAL CO LTD Notes to the Accounts for the year ended 30 April 2024
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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