Registered number
14439100
JBC ZQH CHINESE LTD
Filleted Accounts
31 October 2024
JBC ZQH CHINESE LTD
Registered number: 14439100
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 4 52,800 53,900
Tangible assets 5 9,000 12,000
Investments 6 - -
61,800 65,900
Current assets
Stocks 5,986 6,223
Debtors 7 - -
Investments held as current assets 8 - -
Cash at bank and in hand 24,492 25,994
30,478 32,217
Creditors: amounts falling due within one year 9 (180,588) (146,009)
Net current liabilities (150,110) (113,792)
Total assets less current liabilities (88,310) (47,892)
Creditors: amounts falling due after more than one year 10 - -
Provisions for liabilities - -
Net liabilities (88,310) (47,892)
Capital and reserves
Called up share capital - -
Share premium - -
Revaluation reserve 12 - -
Profit and loss account (88,310) (47,892)
Shareholder's funds (88,310) (47,892)
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.
Zhiqiang Chen
Director
Approved by the board on 28 June 2025
JBC ZQH CHINESE 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 value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 0
4 Intangible fixed assets £
Goodwill:
Cost
At 1 November 2023 55,000
Additions -
Disposals -
At 31 October 2024 55,000
Amortisation
At 1 November 2023 1,100
Provided during the year 1,100
On disposals -
At 31 October 2024 2,200
Net book value
At 31 October 2024 52,800
At 31 October 2023 53,900
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
5 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 - 15,000 - 15,000
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 31 October 2024 - 15,000 - 15,000
Depreciation
At 1 November 2023 - 3,000 - 3,000
Charge for the year - 3,000 - 3,000
Surplus on revaluation - - - -
On disposals - - - -
At 31 October 2024 - 6,000 - 6,000
Net book value
At 31 October 2024 - 9,000 - 9,000
At 31 October 2023 - 12,000 - 12,000
9 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 4,225 4,431
Other creditors 141,578 141,578
180,588 146,009
10 Other information
JBC ZQH CHINESE LTD is a private company limited by shares and incorporated in England. Its registered office is:
76 Chapel Street
Thatcham
England
RG18 4QN
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