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Company Registration No. 06641160 (England and Wales)
Yi Wanda Limited Unaudited accounts for the year ended 31 July 2024
Yi Wanda Limited Unaudited accounts Contents
Page
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Yi Wanda Limited Company Information for the year ended 31 July 2024
Director
Shiwan Pan
Company Number
06641160 (England and Wales)
Registered Office
120 Commercial Road London E1 1NL
Accountants
Anthony Daniel Associates Ltd 10 Julian Place London E14 3AT
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Yi Wanda Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,004 
2,044 
Current assets
Inventories
22,001 
22,251 
Debtors
12,833 
24,208 
Cash at bank and in hand
24,097 
20,692 
58,931 
67,151 
Creditors: amounts falling due within one year
(150,675)
(163,213)
Net current liabilities
(91,744)
(96,062)
Net liabilities
(90,740)
(94,018)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(90,741)
(94,019)
Shareholders' funds
(90,740)
(94,018)
For the 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. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 April 2025 and were signed on its behalf by
Shiwan Pan Director Company Registration No. 06641160
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Yi Wanda Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Yi Wanda Limited is a private company, limited by shares, registered in England and Wales, registration number 06641160. The registered office is 120 Commercial Road, London, E1 1NL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% on straight line
Computer equipment
25% on straight line
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholders will continue to financially support the company during this uncertain period.
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Yi Wanda Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
550 
11,865 
12,415 
Additions
- 
125 
125 
At 31 July 2024
550 
11,990 
12,540 
Depreciation
At 1 August 2023
550 
9,821 
10,371 
Charge for the year
- 
1,165 
1,165 
At 31 July 2024
550 
10,986 
11,536 
Net book value
At 31 July 2024
- 
1,004 
1,004 
At 31 July 2023
- 
2,044 
2,044 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
12,068 
Trade debtors
2,843 
2,134 
Accrued income and prepayments
234 
250 
Other debtors
9,756 
9,756 
12,833 
24,208 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
23,537 
22,600 
Taxes and social security
(9,896)
(356)
Other creditors
61,457 
62,406 
Loans from directors
70,896 
73,955 
Accruals
4,681 
4,608 
150,675 
163,213 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Controlling party
The ultimate controlling party is Mr Shiwan Pan, who is a director of the company.
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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