Company registration number 5610443 (England and Wales)
ANGLO CHINA SOURCING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
Affinia
The Maltings
Rosemary Lane
Halstead
Essex
CO9 1HZ
ANGLO CHINA SOURCING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ANGLO CHINA SOURCING LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,486
3,039
Current assets
Debtors
4
241,803
318,726
Cash at bank and in hand
6,921
51,090
248,724
369,816
Creditors: amounts falling due within one year
5
(266,941)
(371,810)
Net current liabilities
(18,217)
(1,994)
Net (liabilities)/assets
(15,731)
1,045
Capital and reserves
Called up share capital
70
70
Capital redemption reserve
30
30
Profit and loss reserves
(15,831)
945
Total equity
(15,731)
1,045
For the financial year ended 31 December 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 of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 13 June 2025 and are signed on its behalf by:
Mr T C Kleingeld
Director
Company registration number 5610443 (England and Wales)
ANGLO CHINA SOURCING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information
Anglo China Sourcing Limited is a private company limited by shares incorporated in England and Wales. The registered office is Langham Barns Business Centre, Langham Lane, Langham, Colchester, Essex, England, CO4 5ZS.
1.1
Accounting convention
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.
1.2
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.
1.3
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Fixtures and fittings
15% & 25% reducing balance
Computers
33% on cost
Motor vehicles
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
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.
1.5
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
ANGLO CHINA SOURCING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
4
4
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 and 31 December 2024
13,325
Depreciation and impairment
At 1 January 2024
10,286
Depreciation charged in the year
553
At 31 December 2024
10,839
Carrying amount
At 31 December 2024
2,486
At 31 December 2023
3,039
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
31,435
70,054
Other debtors
210,368
248,672
241,803
318,726
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
25,587
41,992
Taxation and social security
(2,606)
14,113
Other creditors
243,960
315,705
266,941
371,810
ANGLO CHINA SOURCING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
6
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Mr T C Kleingeld -
2.25
56,850
132,928
(143,021)
46,757
56,850
132,928
(143,021)
46,757
Interest has been charged at the standard HMRC rate. The amount outstanding has been repaid on 11 June 2025.