THOUSAND WINTERS LIMITED

Company Registration Number:
14767139 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 29 March 2023

End date: 31 March 2024

THOUSAND WINTERS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

THOUSAND WINTERS LIMITED

Company Information

for the Period Ended 31 March 2024




Director: SAU MAN CHEUNG
Ching Yi Jane CHUNG
Registered office: 124
City Road
London
GBR
EC1V 2NX
Company Registration Number: 14767139 (England and Wales)

THOUSAND WINTERS LIMITED

Balance sheet

As at 31 March 2024


Notes

2024
£
Fixed assets
Tangible assets: 4 67
Total fixed assets: 67
Current assets
Stocks: 618
Total current assets: 618
Creditors: amounts falling due within one year: 5 ( 2,894 )
Net current assets (liabilities): ( 2,276 )
Total assets less current liabilities: ( 2,209 )
Total net assets (liabilities): ( 2,209 )

The notes form part of these financial statements

THOUSAND WINTERS LIMITED

Balance sheet continued

As at 31 March 2024


Notes

2024
£
Capital and reserves
Called up share capital: 2
Profit and loss account: ( 2,211 )
Shareholders funds: ( 2,209 )

For the year ending 31 March 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 accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 1 April 2024
And Signed On Behalf Of The Board By:

Name: SAU MAN CHEUNG
Status: Director

Name: Ching Yi Jane CHUNG
Status: Director

The notes form part of these financial statements

THOUSAND WINTERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Recognition and Measurement:
    Tangible fixed assets are initially measured at cost, which includes the purchase price and directly attributable costs necessary to bring the asset into use.

    Subsequent Measurement:
    Tangible fixed assets are subsequently carried at cost less accumulated depreciation and any impairment losses. The company does not apply fair value revaluation and measures assets under the historical cost convention in accordance with FRS 102 Section 17.

    Depreciation:
    Depreciation is charged to the profit and loss account on a straight-line basis over the estimated useful life of each asset to allocate cost systematically. The depreciation rates and methods applied are:

    Asset Class Estimated Useful Life Depreciation Method
    Office Equipment 3 years Straight-line (33.33% per annum)
    Residual Value Nil
    Depreciation begins when the asset is available for use and continues until the earlier of disposal or full depreciation. The depreciation method and useful life are reviewed annually and adjusted if expectations differ significantly from previous estimates.

    Valuation information and policy

    1.6 Inventory
    Finished goods are stated at the lower of cost and net realisable value.

    Cost includes raw materials, direct labour, and an appropriate proportion of production overheads incurred in bringing the goods to their current condition and location. Overheads are allocated based on normal levels of production activity.
    Net realisable value is the estimated selling price in the ordinary course of business, less applicable costs of completion, marketing, and distribution.
    At each reporting date, the company assesses the carrying value of finished goods for impairment. Where the net realisable value is lower than cost, a write-down is recognised in the profit and loss account. If circumstances leading to a previous write-down improve, the write-down may be reversed up to the original cost.

THOUSAND WINTERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024
    Average number of employees during the period 2

THOUSAND WINTERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

THOUSAND WINTERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible assets

Office equipment Total
Cost £ £
Additions 100 100
Disposals - -
Revaluations - -
Transfers - -
At 31 March 2024 100 100
Depreciation
Charge for year 33 33
On disposals - -
Other adjustments - -
At 31 March 2024 33 33
Net book value
At 31 March 2024 67 67

THOUSAND WINTERS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5.Creditors: amounts falling due within one year note


2024
£
Other creditors 2,894
Total 2,894

2,894 is the loan from directors