IRIS Accounts Production v24.3.2.46 12722590 director 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh127225902023-07-31127225902024-07-31127225902023-08-012024-07-31127225902022-07-31127225902022-08-012023-07-31127225902023-07-3112722590ns15:EnglandWales2023-08-012024-07-3112722590ns14:PoundSterling2023-08-012024-07-3112722590ns10:Director12023-08-012024-07-3112722590ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3112722590ns10:SmallEntities2023-08-012024-07-3112722590ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3112722590ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3112722590ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3112722590ns10:FullAccounts2023-08-012024-07-3112722590ns10:RegisteredOffice2023-08-012024-07-3112722590ns5:CurrentFinancialInstruments2024-07-3112722590ns5:CurrentFinancialInstruments2023-07-3112722590ns5:ShareCapital2024-07-3112722590ns5:ShareCapital2023-07-3112722590ns5:RetainedEarningsAccumulatedLosses2024-07-3112722590ns5:RetainedEarningsAccumulatedLosses2023-07-3112722590ns5:FurnitureFittings2023-08-012024-07-3112722590ns5:MotorVehicles2023-08-012024-07-3112722590ns5:FurnitureFittings2023-07-3112722590ns5:MotorVehicles2023-07-3112722590ns5:FurnitureFittings2024-07-3112722590ns5:MotorVehicles2024-07-3112722590ns5:FurnitureFittings2023-07-3112722590ns5:MotorVehicles2023-07-3112722590ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3112722590ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31
REGISTERED NUMBER: 12722590 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Chinese Gourmet Foods Limited

Chinese Gourmet Foods Limited (Registered number: 12722590)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chinese Gourmet Foods Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: D Chen





REGISTERED OFFICE: 60 Limeharbour
London
E14 9TS





REGISTERED NUMBER: 12722590 (England and Wales)





ACCOUNTANTS: L&W Chartered Certified Accountants
30 Charing Cross Road
London
London
WC2H 0DE

Chinese Gourmet Foods Limited (Registered number: 12722590)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,123 13,971

CURRENT ASSETS
Stocks 5,500 5,500
Debtors 5 15,216 15,377
Cash at bank and in hand 328,542 70,204
349,258 91,081
CREDITORS
Amounts falling due within one year 6 203,471 62,203
NET CURRENT ASSETS 145,787 28,878
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,910

42,849

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 156,909 42,848
156,910 42,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Chinese Gourmet Foods Limited (Registered number: 12722590)

Balance Sheet - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 March 2025 and were signed by:





D Chen - Director


Chinese Gourmet Foods Limited (Registered number: 12722590)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Chinese Gourmet Foods Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Chinese Gourmet Foods Limited (Registered number: 12722590)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 1,789 19,150 20,939
DEPRECIATION
At 1 August 2023 712 6,256 6,968
Charge for year 269 2,579 2,848
At 31 July 2024 981 8,835 9,816
NET BOOK VALUE
At 31 July 2024 808 10,315 11,123
At 31 July 2023 1,077 12,894 13,971

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 15,100 15,100
Prepayments and accrued income 116 277
15,216 15,377

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 7,237 5,409
Tax 37,657 4,725
Social security and other taxes 670 1,584
VAT 43,790 23,519
Other creditors 97,953 -
Accrued expenses 16,164 26,966
203,471 62,203