1 October 2023 v2025.63.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP028508792023-10-012024-09-30028508792024-09-30028508792023-09-3002850879core:WithinOneYear2024-09-3002850879core:WithinOneYear2023-09-3002850879core:ShareCapital2024-09-3002850879core:ShareCapital2023-09-3002850879core:RetainedEarningsAccumulatedLosses2024-09-3002850879core:RetainedEarningsAccumulatedLosses2023-09-3002850879bus:Director12023-10-012024-09-3002850879bus:RegisteredOffice2023-10-012024-09-3002850879core:PlantMachinery2023-10-012024-09-30028508792022-10-012023-09-3002850879core:PlantMachinery2024-09-300285087912023-10-012024-09-3002850879countries:EnglandWales2023-10-012024-09-3002850879bus:AuditExemptWithAccountantsReport2023-10-012024-09-3002850879bus:PrivateLimitedCompanyLtd2023-10-012024-09-3002850879bus:SmallEntities2023-10-012024-09-3002850879bus:FullAccounts2023-10-012024-09-30
Company registration number:
02850879
Sinotrans (U.K.) Ltd
Unaudited Filleted Financial Statements for the year ended
30 September 2024
Sinotrans (U.K.) Ltd
Statement of Financial Position
30 September 2024
20242023
Note££
Current assets    
Debtors 6
10,790
 
3,002
 
Cash at bank and in hand
37,350
 
64,966
 
48,140
 
67,968
 
Creditors: amounts falling due within one year 7
(52,554
 )
(56,757
 )
Net current (liabilities)/assets
(4,414
 )
11,211
 
Total assets less current liabilities (4,414 ) 11,211  
Capital and reserves    
Called up share capital
50,000
 
50,000
 
Profit and loss account
(54,414
 )
(38,789
 )
Shareholders (deficit)/funds
(4,414
 )
11,211
 
For the year ending
30 September 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
29 September 2025
, and are signed on behalf of the board by:
Wei Hu
Director
Company registration number:
02850879
Sinotrans (U.K.) Ltd
Notes to the Financial Statements
Year ended
30 September 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
69 China Court Asher Way
,
London
,
E1W 2JF
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

These financial statements have been prepared on the going concern basis, as adequate cash resources will be made available to cover the Company’s requirements by the director, for at least the next twelve months.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
33% straight line

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Foreign currencies

The company's functional and presentational currency is GBP.
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of Comprehensive Income except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income with 'finance income or costs'. All other foreign exchange gains and losses are presented in the Statement of Comprehensive Income within 'other operating income'.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
1.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 October 2023
and
30 September 2024
4,109
 
Depreciation  
At
1 October 2023
and
30 September 2024
4,109
 
Carrying amount  
At
30 September 2024
 -  
At 30 September 2023 -  

6 Debtors

20242023
££
Trade debtors
10,790
 
3,002
 

7 Creditors: amounts falling due within one year

20242023
££
Trade creditors
3,268
 
4,801
 
Taxation and social security
3,142
 
1,791
 
Other creditors
46,144
 
50,165
 
52,554
 
56,757
 

8 Guarantees and other financial commitments

Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £5,200 (2023: £4,800).

9 Controlling party

The company is controlled by Mr. Wei Hu, who is the shareholder and director of the company.