He & Wong Ltd 10283132 true 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is that of take-away food shops and mobile stands operator. Digita Accounts Production Advanced 6.30.9574.0 true Mr J Y He true 10283132 2023-08-01 2024-07-31 10283132 2024-07-31 10283132 core:RetainedEarningsAccumulatedLosses 2024-07-31 10283132 core:ShareCapital 2024-07-31 10283132 core:CurrentFinancialInstruments 2024-07-31 10283132 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 10283132 bus:FRS102 2023-08-01 2024-07-31 10283132 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 10283132 bus:FullAccounts 2023-08-01 2024-07-31 10283132 bus:RegisteredOffice 2023-08-01 2024-07-31 10283132 bus:Director1 2023-08-01 2024-07-31 10283132 bus:EntityNoLongerTradingButTradedInPast 2023-08-01 2024-07-31 10283132 bus:Consolidated 2023-08-01 2024-07-31 10283132 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10283132 core:PlantMachinery 2023-08-01 2024-07-31 10283132 countries:EnglandWales 2023-08-01 2024-07-31 10283132 2022-11-01 2023-07-31 10283132 2023-07-31 10283132 core:RetainedEarningsAccumulatedLosses 2023-07-31 10283132 core:ShareCapital 2023-07-31 10283132 core:CurrentFinancialInstruments 2023-07-31 10283132 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 10283132

He & Wong Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2024

 

He & Wong Ltd

Profit and Loss Account for the Year Ended 31 July 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

He & Wong Ltd

(Registration number: 10283132)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

2,114

2,114

Current assets

 

Stocks

150

150

Debtors

8,256

8,256

Cash at bank and in hand

 

2,369

2,369

 

10,775

10,775

Creditors: Amounts falling due within one year

(31,293)

(31,293)

Net current liabilities

 

(20,518)

(20,518)

Net liabilities

 

(18,404)

(18,404)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(18,406)

(18,406)

Shareholders' deficit

 

(18,404)

(18,404)

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 22 April 2025
 

.........................................
Mr J Y He
Director

 

He & Wong Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
977 Lincoln Road
Peterborough
PE4 6AF
United Kingdom

These financial statements were authorised for issue by the director on 22 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

He & Wong Ltd

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

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

He & Wong Ltd

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 10).