Registered number
09257567
Qingdao Wisdom International Trading Corp. Ltd
Unaudited Filleted Accounts
31 October 2024
Qingdao Wisdom International Trading Corp. Ltd
Registered number: 09257567
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 4,600 3,624
Creditors: amounts falling due within one year 4 (17,491) (13,322)
Net current liabilities (12,891) (9,698)
Net liabilities (12,891) (9,698)
Capital and reserves
Called up share capital 1 1
Profit and loss account (12,892) (9,699)
Shareholder's funds (12,891) (9,698)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J Kim
Director
Approved by the board on 19 June 2025
Qingdao Wisdom International Trading Corp. Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and vat.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 150
At 31 October 2024 150
Depreciation
At 1 November 2023 150
At 31 October 2024 150
Net book value
At 31 October 2024 -
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 17,491 13,322
5 Controlling party
The ultimate controlling party of the company is Qingdao Wisdom International Trading Corp. Limited.
6 Other information
Qingdao Wisdom International Trading Corp. Ltd is a private company limited by shares and incorporated in England. Its registered office is:
106 Umberslade Road
Selly Oak
Birmingham
B29 7SD
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