IRIS Accounts Production v24.3.2.46 13459841 director 1.7.23 30.6.24 30.6.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh134598412023-06-30134598412024-06-30134598412023-07-012024-06-30134598412022-06-30134598412022-07-012023-06-30134598412023-06-3013459841ns15:EnglandWales2023-07-012024-06-3013459841ns14:PoundSterling2023-07-012024-06-3013459841ns10:Director12023-07-012024-06-3013459841ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3013459841ns10:SmallEntities2023-07-012024-06-3013459841ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3013459841ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3013459841ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3013459841ns10:FullAccounts2023-07-012024-06-3013459841ns10:OrdinaryShareClass12023-07-012024-06-3013459841ns10:RegisteredOffice2023-07-012024-06-3013459841ns5:CurrentFinancialInstruments2024-06-3013459841ns5:CurrentFinancialInstruments2023-06-3013459841ns5:ShareCapital2024-06-3013459841ns5:ShareCapital2023-06-3013459841ns5:RetainedEarningsAccumulatedLosses2024-06-3013459841ns5:RetainedEarningsAccumulatedLosses2023-06-3013459841ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3013459841ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3013459841ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: 13459841 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

HITEX BRANDS UK CO., LTD

HITEX BRANDS UK CO., LTD (REGISTERED NUMBER: 13459841)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HITEX BRANDS UK CO., LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: L Wang





REGISTERED OFFICE: 50 Seymour Street
London
W1H 7JG





REGISTERED NUMBER: 13459841 (England and Wales)





ACCOUNTANTS: Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG

HITEX BRANDS UK CO., LTD (REGISTERED NUMBER: 13459841)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 4 66,114 64,325
Debtors 5 14,052 16,186
Cash at bank 7,545 19,212
87,711 99,723
CREDITORS
Amounts falling due within one year 6 (259,008 ) (191,707 )
NET CURRENT LIABILITIES (171,297 ) (91,984 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(171,297

)

(91,984

)

CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Retained earnings (181,297 ) (101,984 )
SHAREHOLDERS' FUNDS (171,297 ) (91,984 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 14 March 2025 and were signed by:




L Wang - Director


HITEX BRANDS UK CO., LTD (REGISTERED NUMBER: 13459841)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Hitex Brands UK Co., Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Going concern
The accounts have been prepared on the going concern basis, on the understanding that the directors,shareholders and creditors will continue to financially support the company trading for the foreseeable future.

HITEX BRANDS UK CO., LTD (REGISTERED NUMBER: 13459841)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. EMPLOYEES AND DIRECTORS

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

4. STOCKS
2024 2023
£    £   
Stocks 66,114 64,325

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 770 770
Other debtors 12,881 11,800
VAT 401 3,616
14,052 16,186

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 257,802 190,494
Accrued expenses 1,206 1,213
259,008 191,707

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Share capital 1 £1 10,000 10,000