Company Registration No. 14160162 (England and Wales)
Total Asia Food Cardiff Ltd
Unaudited accounts
for the year ended 30 June 2024
Total Asia Food Cardiff Ltd
Unaudited accounts
Contents
Total Asia Food Cardiff Ltd
Company Information
for the year ended 30 June 2024
Company Number
14160162 (England and Wales)
Registered Office
7 Lyon Close
Cardiff
CF11 8TZ
Accountants
Evans Entwistle
Venta House
Maes-glas
Newport
NP20 2NS
Total Asia Food Cardiff Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
59,458
9,763
Inventories
371,053
517,564
Cash at bank and in hand
82,015
58,754
Creditors: amounts falling due within one year
(635,500)
(808,700)
Net current (liabilities)/assets
(15,818)
13,587
Total assets less current liabilities
43,640
23,350
Provisions for liabilities
Deferred tax
(14,864)
(1,855)
Called up share capital
1
1
Profit and loss account
28,775
21,494
Shareholders' funds
28,776
21,495
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 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 11 February 2025 and were signed on its behalf by
Lian Wei Xu
Director
Company Registration No. 14160162
Total Asia Food Cardiff Ltd
Notes to the Accounts
for the year ended 30 June 2024
Total Asia Food Cardiff Ltd is a private company, limited by shares, registered in England and Wales, registration number 14160162. The registered office is 7 Lyon Close, Cardiff, CF11 8TZ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
72 months - straight line
Motor vehicles
48 months - straight line
Fixtures & fittings
48 months - straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Total Asia Food Cardiff Ltd
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
11,338
-
-
11,338
Additions
16,667
31,995
10,000
58,662
At 30 June 2024
28,005
31,995
10,000
70,000
At 1 July 2023
1,575
-
-
1,575
Charge for the year
3,510
3,999
1,458
8,967
At 30 June 2024
5,085
3,999
1,458
10,542
At 30 June 2024
22,920
27,996
8,542
59,458
At 30 June 2023
9,763
-
-
9,763
Amounts falling due within one year
Trade debtors
122,757
90,988
Amounts due from group undertakings etc.
50,412
146,542
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
567,313
775,221
Taxes and social security
64,987
30,279
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Transactions with related parties
At the year end the company was due £50,412 (2023: £146,542) from Jing Xing Trading Co. Ltd (05125267), the parent company.
The company is fully owned by Jing Xing Trading Co. Ltd (05125267).
Total Asia Food Cardiff Ltd
Notes to the Accounts
for the year ended 30 June 2024
10
Average number of employees
During the year the average number of employees was 20 (2023: 20).