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REGISTERED NUMBER: 11474728 (England and Wales)















HAPPY WOK COLCHESTER LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2024






HAPPY WOK COLCHESTER LTD (REGISTERED NUMBER: 11474728)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 3


HAPPY WOK COLCHESTER LTD (REGISTERED NUMBER: 11474728)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 23,326 25,227

CURRENT ASSETS
Stocks 300 300
Debtors 5 26,944 18,173
Cash at bank and in hand 40,627 83,626
67,871 102,099
CREDITORS
Amounts falling due within one year 6 (27,279 ) (31,916 )
NET CURRENT ASSETS 40,592 70,183
TOTAL ASSETS LESS CURRENT LIABILITIES 63,918 95,410

PROVISIONS FOR LIABILITIES (38 ) (84 )
NET ASSETS 63,880 95,326

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 63,878 95,324
63,880 95,326

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





Miss L Lin - Director


HAPPY WOK COLCHESTER LTD (REGISTERED NUMBER: 11474728)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Happy Wok Colchester Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11474728

Registered office: 25 East Street
Colchester
Essex
CO1 2TR

For the purposes of presentation the financial statements have been rounded to the nearest Pound (£).

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.

Financial instruments
Basic financial instruments are measured at amortised cost.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer Equipment - 33% on straight line

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

HAPPY WOK COLCHESTER LTD (REGISTERED NUMBER: 11474728)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 7,183 41,118 459 48,760
Additions - 4,897 - 4,897
At 31 July 2024 7,183 46,015 459 53,657
DEPRECIATION
At 1 August 2023 2,936 20,375 222 23,533
Charge for year 849 5,798 151 6,798
At 31 July 2024 3,785 26,173 373 30,331
NET BOOK VALUE
At 31 July 2024 3,398 19,842 86 23,326
At 31 July 2023 4,247 20,743 237 25,227

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23 -
Other debtors 26,921 18,173
26,944 18,173

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 2,386
Trade creditors 1,157 1,581
Taxation and social security 24,141 24,918
Other creditors 1,981 3,031
27,279 31,916

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the directors made withdrawals of £7,048 (2023: £Nil) and introduced £258 (2023: £Nil). At the year end the directors owed the company £18,616 (2023: £11,826).