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Registered number: 08568185
Yi Kang International (UK) Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Augustus & Co
Chartered Certified Accountants
374 Ley Street
Ilford
Essex
IG1 4AE
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08568185
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 192 288
192 288
CURRENT ASSETS
Stocks 5 299,670 286,078
Debtors 6 94,866 30,522
Cash at bank and in hand 54,983 40,271
449,519 356,871
Creditors: Amounts Falling Due Within One Year 7 (224,351 ) (123,501 )
NET CURRENT ASSETS (LIABILITIES) 225,168 233,370
TOTAL ASSETS LESS CURRENT LIABILITIES 225,360 233,658
Creditors: Amounts Falling Due After More Than One Year 8 (9,471 ) (19,216 )
NET ASSETS 215,889 214,442
CAPITAL AND RESERVES
Called up share capital 9 200,000 200,000
Profit and Loss Account 15,889 14,442
SHAREHOLDERS' FUNDS 215,889 214,442
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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Xiao Yu Song
Director
25 March 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Yi Kang International (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08568185 . The registered office is 374 Ley Street, Ilford, Essex, IG1 4AE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% on straight line
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 3 3
3 3
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 July 2023 918
As at 30 June 2024 918
Depreciation
As at 1 July 2023 630
Provided during the period 96
As at 30 June 2024 726
...CONTINUED
Page 2
Page 3
Net Book Value
As at 30 June 2024 192
As at 1 July 2023 288
5. Stocks
2024 2023
£ £
Finished goods 299,670 286,078
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 34,866 20,522
Other debtors 60,000 10,000
94,866 30,522
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 28,613 3,875
Bank loans and overdrafts 10,529 10,786
Corporation tax 362 253
Other taxes and social security 8,894 3,009
Other creditors 170,000 100,000
Accruals and deferred income 5,953 5,578
224,351 123,501
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,471 19,216
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200,000 200,000
Page 3