2023-05-012024-04-302024-04-30false13026587SINOLINK TRADING 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SINOLINK TRADING LTD

Registered Number
13026587
(England and Wales)

Unaudited Financial Statements for the Year ended
30 April 2024

SINOLINK TRADING LTD
Company Information
for the year from 1 May 2023 to 30 April 2024

Directors

DONG, Ming Ming
ZHANG, Kewei Wei

Registered Address

16 Station Approach
Virginia Water
GU25 4DW

Registered Number

13026587 (England and Wales)
SINOLINK TRADING LTD
Statement of Financial Position
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets383,06784,735
Tangible assets4142,958146,192
226,025230,927
Current assets
Debtors516,66415,411
Cash at bank and on hand5,00024,202
21,66439,613
Creditors amounts falling due within one year6(462,099)(342,955)
Net current assets (liabilities)(440,435)(303,342)
Total assets less current liabilities(214,410)(72,415)
Net assets(214,410)(72,415)
Capital and reserves
Called up share capital100100
Profit and loss account(214,510)(72,515)
Shareholders' funds(214,410)(72,415)
The financial statements were approved and authorised for issue by the Board of Directors on 31 January 2025, and are signed on its behalf by:
DONG, Ming Ming
Director
Registered Company No. 13026587
SINOLINK TRADING LTD
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
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.
Revenue from 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. 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.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost or valuation less amortisation. Amortisation is provided on all tangible fixed assets as follows: Lease - Amortised over 6 Years in line with the lease term. Goodwill - Amortised at NIL.
Amortisation
The company applies amortisation to intangible assets, including leasehold improvements, over their estimated useful lives or the duration of the lease, whichever is shorter. Building Lease & Leasehold improvements: Amortised over the shorter of the lease term or the useful life of the improvements.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings6-
Plant and machinery-5
Fixtures and fittings-5
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year161
3.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 May 2375,00010,00085,000
At 30 April 2475,00010,00085,000
Amortisation and impairment
At 01 May 23-265265
Charge for year-1,6681,668
At 30 April 24-1,9331,933
Net book value
At 30 April 2475,0008,06783,067
At 30 April 2375,0009,73584,735
4.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 May 2329,95220,71098,532149,194
Additions3,36075223,72127,833
At 30 April 2433,31221,462122,253177,027
Depreciation and impairment
At 01 May 238265951,5813,002
Charge for year10,955-20,11231,067
At 30 April 2411,78159521,69334,069
Net book value
At 30 April 2421,53120,867100,560142,958
At 30 April 2329,12620,11596,951146,192
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,750-
Other debtors9115,550
Called up share capital not paid, current asset71-
Prepayments and accrued income13,9329,861
Total16,66415,411
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.
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables13,18219,582
Bank borrowings and overdrafts13,227-
Taxation and social security53,2935,633
Other creditors379,436315,740
Accrued liabilities and deferred income2,9612,000
Total462,099342,955
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.
7.Creditors: amounts due after one year
8.Off-balance sheet arrangements
At 30 April 2024 the company was committed to making the following payments under new non-cancellable premises rental agreements: Operating leases which expire 2024 2023 Within one year £xx,xxx £53,300 Between two and five years £xxx,xxx £235,408
9.Related party transactions
Included within other debtors as at 30 April 2024 are amounts totalling £320 (2023: Nil) which are owed to Sinolink Healthcare Limited, a company in which the owner, Ms M Dong is a director. Included within other creditors as at 30 April 2024 are amounts totalling £375,707 (2023: £306,766) which are owed to Sinolink Limited, a company in which the owner, Ms M Dong is a director. Included within other creditors as at 30 April 2024 are amounts totalling £1,000 (2023: Nil) which are owed to Sinolink Properties Limited, a company in which the owner, Ms M Dong is a director.