REGISTERED NUMBER: 02938180 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Chuanglee Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms K K W Y Chua

J C G Chua

C X Y Chua

REGISTERED OFFICE:

Unit 7-9

Meridian Trading Estate

Bugsby Way

London

SE7 7SW

REGISTERED NUMBER:

02938180 (England and Wales)

AUDITORS:

Thornton Springer LLP

Chartered Accountants and

Statutory Auditor

67 Westow Street

London

SE19 3RW

FIXED ASSETS

Intangible assets

5

247,500

277,500

Tangible assets

6

113,087

21,147

360,587

298,647

CURRENT ASSETS

Stocks

2,690,987

1,589,527

Debtors

7

2,881,700

2,156,562

Cash at bank and in hand

295,161

135,928

5,867,848

3,882,017

CREDITORS

Amounts falling due within one year

8

(4,039,403

)

(2,399,757

)

NET CURRENT ASSETS

1,828,445

1,482,260

TOTAL ASSETS LESS CURRENT LIABILITIES

2,189,032

1,780,907

CREDITORS

Amounts falling due after more than one year

9

(105,738

)

(129,361

)

PROVISIONS FOR LIABILITIES

(90,150

)

(74,650

)

NET ASSETS

1,993,144

1,576,896

CAPITAL AND RESERVES

Called up share capital

11

428,000

428,000

Retained earnings

12

1,565,144

1,148,896

SHAREHOLDERS' FUNDS

1,993,144

1,576,896

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by:

Ms K K W Y Chua - Director

1.	STATUTORY INFORMATION

Chuanglee Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

over the period of the lease

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are stated at the lower of costs and estimated selling price less costs to complete and sell. Cost is determined using the first in, first out method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2023 - 29 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

300,000

AMORTISATION

At 1 January 2024

22,500

Charge for year

30,000

At 31 December 2024

52,500

NET BOOK VALUE

At 31 December 2024

247,500

At 31 December 2023

277,500

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

47,386

170,185

36,872

Additions

7,981

39,134

6,191

At 31 December 2024

55,367

209,319

43,063

DEPRECIATION

At 1 January 2024

47,386

170,185

36,872

Charge for year

839

2,071

515

At 31 December 2024

48,225

172,256

37,387

NET BOOK VALUE

At 31 December 2024

7,142

37,063

5,676

At 31 December 2023

-

-

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

94,559

16,682

365,684

Additions

-

52,478

105,784

At 31 December 2024

94,559

69,160

471,468

DEPRECIATION

At 1 January 2024

89,547

547

344,537

Charge for year

2,227

8,192

13,844

At 31 December 2024

91,774

8,739

358,381

NET BOOK VALUE

At 31 December 2024

2,785

60,421

113,087

At 31 December 2023

5,012

16,135

21,147

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,972,879

1,643,891

Amounts owed by group undertakings

573,449

422,646

Other debtors

-

2,153

VAT

58,343

35,350

Prepayments and accrued income

277,029

52,522

2,881,700

2,156,562

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

16,590

14,483

Other loans

16,993

56,618

Trade creditors

1,805,455

1,301,537

Amounts owed to group undertakings

860,639

249,404

Tax

125,643

381,188

Social security and other taxes

165,292

28,835

Other creditors

118,204

34,155

Directors' current accounts

347

347

Accruals and deferred income

930,240

333,190

4,039,403

2,399,757

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 1-2 years

7,241

14,483

Bank loans - 2-5 years

-

7,241

Other loans - 1-2 years

18,132

24,000

Other loans - 2-5 years

80,365

83,637

105,738

129,361

10.	SECURED DEBTS

The confidential invoice discounting creditor included within other creditors totalling £118,459 (2023 - £34,155) is secured on the individual trade debtors to which it relates.

The company has a cross guarantee with Galalane Limited (Parent Undertaking) and Chuanglee Cash & Carry Limited (Fellow Subsidiary). This is a fixed and floating charge over the undertaking and all assets present and future, including benefits of any licences.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

428,000

Ordinary

£1

428,000

428,000

12.

RESERVES

Retained

earnings

£

At 1 January 2024

1,148,896

Profit for the year

416,248

At 31 December 2024

1,565,144

13.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Zahid Saleem ACA FCCA MBA (Senior Statutory Auditor)

for and on behalf of Thornton Springer LLP

14.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

15.	ULTIMATE CONTROLLING PARTY

The parent company during the financial year is Galalane Limited, a company incorporated in England and Wales.

These accounts have been consolidated in the Bamboo Mart UK Limited accounts and for which copies of the consolidated financial statements can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

The ultimate parent company is NR Instant Produce Public Company Limited, a company registered in Thailand.

The directors of Bamboo Mart UK Limited are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.