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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
Page
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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
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Oriental Direct Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,734 
3,661 
Current assets
Inventories
45,000 
55,000 
Debtors
573,541 
309,293 
Cash at bank and in hand
94,222 
306,222 
712,763 
670,515 
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
Deferred tax
(154)
(351)
Net assets
667,227 
623,082 
Capital and reserves
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
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Oriental Direct Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
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.
Intangible fixed assets
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
Foreign exchange
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.
Pension costs
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 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 assets and liabilities are not discounted.
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Oriental Direct Limited Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
959 
At 31 December 2024
959 
Amortisation
At 1 January 2024
959 
At 31 December 2024
959 
Net book value
At 31 December 2024
- 
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 
Additions
265 
214 
479 
Disposals
(653)
(1,765)
(2,418)
At 31 December 2024
6,698 
9,076 
15,774 
Depreciation
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 
Net book value
At 31 December 2024
2,529 
205 
2,734 
At 31 December 2023
2,998 
663 
3,661 
6
Inventories
2024 
2023 
£ 
£ 
Finished goods
45,000 
55,000 
45,000 
55,000 
Inventories have been valued at the lower of cost and estimated selling price less costs to sell.
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
11,794 
- 
Trade debtors
884 
5,980 
Accrued income and prepayments
7,446 
4,313 
Other debtors
553,417 
299,000 
573,541 
309,293 
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Oriental Direct Limited Notes to the Accounts for the year ended 31 December 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
1,527 
Trade creditors
- 
577 
Taxes and social security
38,027 
39,883 
Other creditors
3,217 
3,696 
Loans from directors
1,464 
1,101 
Accruals
5,408 
3,959 
48,116 
50,743 
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 
133,238 
48,563 
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).
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