Registered number
14169957
SHANGHAI SEDA UK LTD
Filleted Accounts
30 June 2024
SHANGHAI SEDA UK LTD
Registered number: 14169957
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,139 2,800
Current assets
Debtors 4 1,186 9,537
Cash at bank and in hand 16,461 17,231
17,647 26,768
Creditors: amounts falling due within one year 5 (1,498) (13,665)
Net current assets 16,149 13,103
Net assets 19,288 15,903
Capital and reserves
Called up share capital 100 100
Profit and loss account 19,188 15,803
Shareholder's funds 19,288 15,903
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Shang Jiang
Director
Approved by the board on 10 April 2025
SHANGHAI SEDA UK LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 3,500
Additions 1,299
At 30 June 2024 4,799
Depreciation
At 1 July 2023 700
Charge for the year 960
At 30 June 2024 1,660
Net book value
At 30 June 2024 3,139
At 30 June 2023 2,800
4 Debtors 2024 2023
£ £
Trade debtors 100 9,537
Other debtors 1,086 -
1,186 9,537
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 714 3,050
Other creditors 784 10,615
1,498 13,665
6 Controlling party
The company is 100% controlled by its parent company:Shanghai Seda Private Exit-Entry Service Corporation Limited. The parent company registered address: Room 2801-B5, 28th Floor, 100 Century Avenue, China (Shanghai) Pilot Free Trade Zone, China.
7 Other information
SHANGHAI SEDA UK LTD is a private company limited by shares and incorporated in England. Its registered office is:
2 Green Street Green Road
Dartford
Kent
DA1 1QE
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