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Company registration number:08096472
HONG KEEN (MIDLANDS) LTD TRADING AS HONG KEEN
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 May 2024
HONG KEEN (MIDLANDS) LTD TRADING AS HONG KEEN
BALANCE SHEET
AS AT 31 May 2024
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets34,0044,504
Tangible assets42,6523,120
6,6567,624
CURRENT ASSETS
Stocks2,0001,500
Debtors5333,355192,143
Cash at bank and in hand98,319115,165
433,674308,808
CREDITORS
Amounts falling due within one year 6 (65,739) (64,295)
NET CURRENT ASSETS 367,935 244,513
TOTAL ASSETS LESS
CURRENT LIABILITIES 374,591 252,137
PROVISIONS FOR LIABILITIES(504)(780)
NET ASSETS 374,087 251,357
CAPITAL AND RESERVES
Called-up equity share capital 7 100 100
Profit and loss account 373,987 251,257
SHAREHOLDERS FUNDS 374,087 251,357
For the year ending 31 May 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 11 October 2024 and signed on its behalf.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
..........................................................................
Ms Mei Yen Chew
11 October 2024
The annexed notes form part of these financial statements.

HONG KEEN (MIDLANDS) LTD TRADING AS HONG KEEN
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2024
Share Share P and L Revaluation Other Total
Capital Premium Account reserve reserves equity
£ £ £ £ £ £
Balance at 1 June 2022100096,6940096,794
Changes in equity
Dividend00(45,000)00(45,000)
Total Comprehensive Income00199,56300199,563
Balance at 31 May 20231000251,25700251,357
Changes in equity
Dividend00(22,000)00(22,000)
Total comprehensive income00144,73000144,730
Balance at 31 May 20241000373,98700374,087

HONG KEEN (MIDLANDS) LTD TRADING AS HONG KEEN
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
1. Accounting policies
Statutory information
The company is registered in England and its registered number is 08096472. The company is a private company limited by shares. Its registered office is Unit 129, Bullring Indoor Market, Edgbaston Street,
Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the
Intangible Assets
Goodwill is written off in equal instalments over 20 years over its estimated economic life.
Fixed Assets
Tangible fixed assets are stated at cost less depreciation Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures and fittings 15% on reducing balance basi
Stocks and Work In Progress
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.
Deferred Taxation
Deferred tax is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Pension Scheme
The company operates a defined contribution pension scheme, NEST pension scheme, and the pension charge represents the amounts payable by the company to the fund in respect of the year.
2.Employees
The average number of persons employed by the company (including directors) during the year was 4.
3.Intangible fixed assets
Goodwill Total
Cost
At start of period 10,000 10,000
At end of period 10,000 10,000
Amortisation
At start of period 5,496 5,496
Provided during the period 500 500
At end of period 5,996 5,996
Net Book Values
At start of period 4,504 4,504
At end of period 4,004 4,004
4.Tangible fixed assets
F and F Total
Cost
At start of period 5,015 5,015
At end of period 5,015 5,015
Depreciation
At start of period 1,895 1,895
Provided during the period 468 468
At end of period 2,363 2,363
Net Book Value
At start of period 3,120 3,120
At end of period 2,652 2,652
5.Debtors
20242023
££
Due within one year
Other Debtors332,992192,062
Prepayments and accrued income36381
333,355192,143
6.Creditors due within one year
20242023
££
Bank Loans and Overdrafts6,1890
Corporation Tax48,47449,515
Other taxes and social security costs448147
Accruals and deferred income4,1529,487
Loan from directors6,4775,146
65,739 64,295
7. Share capital Alloted, Issued and fully paid
2024 2023
£ £
Ordinary shares of £1 each100100
Total issued share capital100100
8.Related Party Transactions
During the year, the company paid dividends of £11,000 to the director and £11,000 to the director's husband. During the year the company also lent a loan of £140,000 to Hong Keen Limited which is owned by same shareholders.