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Company Registration No. 08709088 (England and Wales)
China Mart Limited Unaudited accounts for the year ended 30 September 2024
China Mart Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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China Mart Limited Company Information for the year ended 30 September 2024
Directors
Md Abdul Hannan Masuda Akter
Company Number
08709088 (England and Wales)
Registered Office
1 Turners Road South Luton Bedfordshire LU2 0PH
Accountants
Effortless Accounts Limited 276 Barton Road Luton Bedfordshire LU3 3NH
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China Mart Limited Statement of financial position as at 30 September 2024
2024
2023
Notes
£
£
Current assets
Inventories
1,000
750
Debtors
5
-
5,938
Cash at bank and in hand
2,476
589
3,476
7,277
Creditors: amounts falling due within one year
6
(80,419)
(84,669)
Net current liabilities
(76,943)
(77,392)
Total assets less current liabilities
(76,943)
(77,392)
Creditors: amounts falling due after more than one year
7
-
(233)
Net liabilities
(76,943)
(77,625)
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
(76,944)
(77,626)
Shareholders' funds
(76,943)
(77,625)
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by
Md Abdul Hannan Director Company Registration No. 08709088
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China Mart Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
China Mart Limited is a private company, limited by shares, registered in England and Wales, registration number 08709088. The registered office is 1 Turners Road South, Luton, Bedfordshire, LU2 0PH.
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
33%
Computer equipment
33%
Going concern
These accounts have been prepared on the going concern basis, there was a net deficiency of assets of £76,944 at the balance sheet date, however the directors have confirmed continued support and consider the company retains sufficient working capital to continue trading for the foreseeable future.
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.
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China Mart Limited Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 October 2023
5,382
2,810
8,192
At 30 September 2024
5,382
2,810
8,192
Depreciation
At 1 October 2023
5,382
2,810
8,192
At 30 September 2024
5,382
2,810
8,192
Net book value
At 30 September 2024
-
-
-
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
-
5,938
6
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
56
1,735
Trade creditors
11,213
17,099
Other creditors
149
-
Loans from directors
69,001
65,835
80,419
84,669
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
-
233
Company borrowed bounced back loan £12,000 from Barclays, which has 2.5% interest attached to it and will be payable within 5 years
8
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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