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Registered Number: 10338053
England and Wales

 

 

 

GOLDEN PHOENIX CHINA LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GOLDEN PHOENIX CHINA LIMITED for the year ended 31 August 2024 which comprise the Income Statement, the Statement of Financial Position, the Statement of Changes in Equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://icaew.com/regulations.

This report is made solely to the Board of Directors of GOLDEN PHOENIX CHINA LIMITED, as a body, in accordance with the terms of our engagement letter dated 23 August 2016. Our work has been undertaken solely to prepare for your approval the financial statements of GOLDEN PHOENIX CHINA LIMITED and state those matters that we have agreed to state to the Board of Directors of GOLDEN PHOENIX CHINA LIMITED, as a body, in this report in accordance with AAF 2/10 as detailed at http://icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GOLDEN PHOENIX CHINA LIMITED and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that GOLDEN PHOENIX CHINA LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and Profit of GOLDEN PHOENIX CHINA LIMITED. You consider that GOLDEN PHOENIX CHINA LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GOLDEN PHOENIX CHINA LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.



....................................................
P and Co (Partners) LLP
2nd Floor
3-5 Charlotte Street
Manchester
M1 4DA
08 May 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 6,573    6,867 
6,573    6,867 
Current assets      
Stocks 4   15,034 
Debtors: amounts falling due within one year 5 13,288    71,906 
Debtors: amounts falling due after one year 6 30,000    30,780 
Cash at bank and in hand 288,624    154,454 
331,912    272,174 
Creditors: amount falling due within one year 7 (57,823)   (139,621)
Net current assets 274,089    132,553 
 
Total assets less current liabilities 280,662    139,420 
Creditors: amount falling due after more than one year 8 (6,541)   (16,962)
Net assets 274,121    122,458 
 

Capital and reserves
     
Called up share capital 9 1,000    1,000 
Profit and loss account 273,121    121,458 
Shareholders' funds 274,121    122,458 
 


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

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 07 May 2025 and were signed by:


-------------------------------
Mr William Hoang
Director
2
General Information
GOLDEN PHOENIX CHINA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10338053, registration address 2nd floor, 3-5 Charlotte Street, Manchester, M1 4DA. The trading address of the company is Oxclose Lane, Arnold, Nottingham, NG5 6FZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies. The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25% Reducing Balance
Stocks
Stocks 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 costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees


Average number of employees during the year was 13 (2023 : 13).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 September 2023 11,840    11,840 
Additions 1,240    1,240 
Disposals  
At 31 August 2024 13,080    13,080 
Depreciation
At 01 September 2023 4,973    4,973 
Charge for year 1,534    1,534 
On disposals  
At 31 August 2024 6,507    6,507 
Net book values
Closing balance as at 31 August 2024 6,573    6,573 
Opening balance as at 01 September 2023 6,867    6,867 


4.

Stocks

2024
£
  2023
£
Finished Goods   15,034 
  15,034 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Directors' Current Accounts 13,288    71,906 
13,288    71,906 

6.

Debtors: amounts falling due after one year

2024
£
  2023
£
Other Debtors 30,000    30,780 
30,000    30,780 

7.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors   30,301 
Bank Loans & Overdrafts 8,124    5,706 
Corporation Tax 49,699    49,131 
PAYE & Social Security   2,210 
Accrued Expenses   9,743 
VAT   42,530 
57,823    139,621 

8.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Other Creditors 6,541    16,962 
6,541    16,962 

9.

Share Capital

Authorised
1,000 Ordinary shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
1,000 Ordinary shares of £1.00 each 1,000    1,000 
1,000    1,000 

3