Company Registration No. 07477689 (England and Wales)
Oriental Direct Limited
Unaudited accounts
for the year ended 31 December 2024
Oriental Direct Limited
Unaudited accounts
Contents
Oriental Direct Limited
Company Information
for the year ended 31 December 2024
Directors
Chunyu Cai
Minghao Cui
Company Number
07477689 (England and Wales)
Registered Office
Oriental Direct Ltd
Marshall Hall Mills
Elland Lane
Elland
West Yorkshire
HX5 9DU
England
Accountants
LOVEaccounting
68 West Street
Sowerby Bridge
HX6 3AN
Oriental Direct Limited
Statement of financial position
as at 31 December 2024
Tangible assets
2,734
3,661
Cash at bank and in hand
94,222
306,222
Creditors: amounts falling due within one year
(48,116)
(50,743)
Net current assets
664,647
619,772
Total assets less current liabilities
667,381
623,433
Provisions for liabilities
Net assets
667,227
623,082
Called up share capital
10
10
Profit and loss account
667,217
623,072
Shareholders' funds
667,227
623,082
For the year ending 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 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 26 August 2025 and were signed on its behalf by
Chunyu Cai
Director
Company Registration No. 07477689
Oriental Direct Limited
Notes to the Accounts
for the year ended 31 December 2024
Oriental Direct Limited is a private company, limited by shares, registered in England and Wales, registration number 07477689. The registered office is Oriental Direct Ltd, Marshall Hall Mills, Elland Lane, Elland, West Yorkshire, HX5 9DU, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets are included at cost less accumulated amortisation. They are being amortised over their useful life of 5 years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
Computer equipment
33.33% straight line
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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 assets and liabilities are not discounted.
Oriental Direct Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
7,086
10,627
17,713
Disposals
(653)
(1,765)
(2,418)
At 31 December 2024
6,698
9,076
15,774
At 1 January 2024
4,088
9,964
14,052
Charge for the year
590
672
1,262
On disposals
(509)
(1,765)
(2,274)
At 31 December 2024
4,169
8,871
13,040
At 31 December 2024
2,529
205
2,734
At 31 December 2023
2,998
663
3,661
Finished goods
45,000
55,000
Inventories have been valued at the lower of cost and estimated selling price less costs to sell.
Amounts falling due within one year
Accrued income and prepayments
7,446
4,313
Other debtors
553,417
299,000
Oriental Direct Limited
Notes to the Accounts
for the year ended 31 December 2024
8
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
38,027
39,883
Other creditors
3,217
3,696
Loans from directors
1,464
1,101
9
Operating lease commitments
2024
2023
At 31 December 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
31,950
21,825
Later than one year and not later than five years
101,288
26,738
10
Transactions with related parties
During the year the company made an additional loan of £2,283 leaving an outstanding balance of £125,294 (2023:£123,011) due from Ming Crystals Ltd, a company under common control. The loan is interest-free and repayable upon demand.
During the year the company made an additional loan of £250,000 leaving an outstanding balance of £252,100 (2023:£2,100) due from Magic Bean Properties Ltd, a company under common control. The loan is interest-free and repayable upon demand.
During the year there was no movement on the loan to Magic Bean Residential Ltd leaving an outstanding balance of £171,012 (2023:£171,012) due from the company, which is a company under common control. The loan is interest-free and repayable upon demand.
11
Average number of employees
During the year the average number of employees was 5 (2023: 5).