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Registered number: 11483172
Xiang Long Builders & Decorators Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2024
Silverstone Business Consulting Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11483172
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 11,388 2,533
11,388 2,533
CURRENT ASSETS
Debtors 5 22,825 35,462
Cash at bank and in hand 12,762 2,054
35,587 37,516
Creditors: Amounts Falling Due Within One Year 6 (603,868 ) (403,136 )
NET CURRENT ASSETS (LIABILITIES) (568,281 ) (365,620 )
TOTAL ASSETS LESS CURRENT LIABILITIES (556,893 ) (363,087 )
NET LIABILITIES (556,893 ) (363,087 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (556,993 ) (363,187 )
SHAREHOLDERS' FUNDS (556,893) (363,087)
Page 1
Page 2
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 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 Sanding Fu
Director
05/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Xiang Long Builders & Decorators Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11483172 . The registered office is 123 Blundell road, Edgware, United Kingdom, HA8 0JE.
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:
Motor Vehicles 25%
Fixtures & Fittings 33.33%
Computer Equipment 33.33% SLM
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: NIL)
1 -
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2023 - 2,049 5,964 8,013
Additions 13,495 - - 13,495
As at 31 July 2024 13,495 2,049 5,964 21,508
Depreciation
As at 1 August 2023 - 2,049 3,431 5,480
Provided during the period 3,374 - 1,266 4,640
As at 31 July 2024 3,374 2,049 4,697 10,120
Net Book Value
As at 31 July 2024 10,121 - 1,267 11,388
As at 1 August 2023 - - 2,533 2,533
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 11,676 29,815
Other debtors 2,000 2,000
VAT 9,149 3,647
22,825 35,462
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 239,338 138,584
Accruals and deferred income 2,725 -
Director's loan account 361,805 264,552
603,868 403,136
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4