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Company Registration No. 05125267 (England and Wales)
Jing Xing Trading Co. Limited Unaudited accounts for the year ended 30 June 2024
Jing Xing Trading Co. Limited Unaudited accounts Contents
Page
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Jing Xing Trading Co. Limited Company Information for the year ended 30 June 2024
Directors
Lian Wei Xu Yang Li
Company Number
05125267 (England and Wales)
Registered Office
Roselea House Catsash Road Newport NP18 2LZ
Accountants
Evans Entwistle Venta House Maes-glas Newport NP20 2NS
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Jing Xing Trading Co. Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,367 
52,097 
Investment property
1,600,000 
1,600,000 
Investments
202 
202 
1,617,569 
1,652,299 
Current assets
Debtors
1,417,031 
1,254,605 
Cash at bank and in hand
824,378 
1,081,573 
2,241,409 
2,336,178 
Creditors: amounts falling due within one year
(145,418)
(211,801)
Net current assets
2,095,991 
2,124,377 
Total assets less current liabilities
3,713,560 
3,776,676 
Creditors: amounts falling due after more than one year
(1,945,282)
(2,119,932)
Provisions for liabilities
Deferred tax
(80,999)
(87,599)
Net assets
1,687,279 
1,569,145 
Capital and reserves
Called up share capital
100 
100 
Fair value reserve
366,259 
366,259 
Profit and loss account
1,320,920 
1,202,786 
Shareholders' funds
1,687,279 
1,569,145 
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by
Lian Wei Xu Director Company Registration No. 05125267
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Jing Xing Trading Co. Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Jing Xing Trading Co. Limited is a private company, limited by shares, registered in England and Wales, registration number 05125267. The registered office is Roselea House, Catsash Road, Newport, NP18 2LZ.
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 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.
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
4 years - straight line
Fixtures & fittings
10 years - straight line
Computer equipment
4 years - straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Jing Xing Trading Co. Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
113,702 
350,893 
2,656 
467,251 
At 30 June 2024
113,702 
350,893 
2,656 
467,251 
Depreciation
At 1 July 2023
113,702 
298,796 
2,656 
415,154 
Charge for the year
- 
34,730 
- 
34,730 
At 30 June 2024
113,702 
333,526 
2,656 
449,884 
Net book value
At 30 June 2024
- 
17,367 
- 
17,367 
At 30 June 2023
- 
52,097 
- 
52,097 
5
Investment property
2024 
£ 
Fair value at 1 July 2023
1,600,000 
At 30 June 2024
1,600,000 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 July 2023
202 
Valuation at 30 June 2024
202 
The company holds the following investments. Investments in Subsidiaries: - £100 share capital in Total Asia Food Bristol Ltd (09129172) - £100 share capital in Total Asia Foods Ltd (09239580) - £1 share capital in Total Asia Food Cardiff Ltd (14160162) - £1 share capital in I Packaging Ltd (08329946)
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,735 
4,365 
Other debtors
1,413,296 
1,250,240 
1,417,031 
1,254,605 
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Jing Xing Trading Co. Limited Notes to the Accounts for the year ended 30 June 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
31,984 
55,990 
Trade creditors
- 
16,000 
Taxes and social security
20,446 
19,322 
Other creditors
90,988 
118,489 
Accruals
2,000 
2,000 
145,418 
211,801 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
365,910 
365,805 
Amounts owed to group undertakings and other participating interests
1,579,372 
1,754,127 
1,945,282 
2,119,932 
10
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
3,299 
9,899 
Revaluation of investment property
77,700 
77,700 
80,999 
87,599 
2024 
2023 
£ 
£ 
Provision at start of year
87,599 
80,131 
(Credited)/charged to the profit and loss account
(6,600)
7,468 
Provision at end of year
80,999 
87,599 
11
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Jing Xing Trading Co. Limited Notes to the Accounts for the year ended 30 June 2024
12
Transactions with related parties
Jing Xing Trading Co. Limited is the parent company of the Jing Xing Trading group and wholly owns the following subsidiaries: Total Asia Food Bristol Ltd (09129172), Total Asia Food Ltd (08574297), Total Asia Cardiff (14160162 ) and I Packaging Ltd (08329946). At the end of the financial year the company owed the following: - Total Asia Food Ltd: £203,941 (2023: £283,928) - Total Asia Food Bristol Ltd: £1,324,632 (2023: £1,311,583) - I Packaging Ltd: £387 (2023: £12,074) - Total Asia Cardiff £50,412 (2023: £146,541) At the end of the financial year the company owed by related companies the following: - Meadowstone Developments ltd: £460,000 (2023: £0) - Kasa Quartz Ltd: £91,460 (2023: £91,460) - Kakn Property Limited: £162,000 (2023: £100,000)
13
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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