Company Registration No. 12496942 (England and Wales)
PAIGE NIEHUES WANG LIMITED
Unaudited accounts
for the year ended 31 March 2025
PAIGE NIEHUES WANG LIMITED
Unaudited accounts
Contents
PAIGE NIEHUES WANG LIMITED
Company Information
for the year ended 31 March 2025
Director
Paige Michelle Niehues Wang
Company Number
12496942 (England and Wales)
Registered Office
UNIT A, SPICEMILL UNIT A, SPICEMILL
WHARF APPROACH
LEEDS
LS1 4EZ
ENGLAND
Accountants
Sleek Accounting Ltd
4th Floor
205 Regent Street
London
W1B 4HB
PAIGE NIEHUES WANG LIMITED
Statement of financial position
as at 31 March 2025
Intangible assets
1,500
10,500
Tangible assets
70,169
79,917
Cash at bank and in hand
22,276
4,458
Creditors: amounts falling due within one year
(29,770)
(19,612)
Net current assets
19,689
12,312
Total assets less current liabilities
91,358
102,729
Creditors: amounts falling due after more than one year
(196,645)
(199,036)
Net liabilities
(105,287)
(96,307)
Called up share capital
100
100
Profit and loss account
(105,387)
(96,407)
Shareholders' funds
(105,287)
(96,307)
For the year ending 31 March 2025 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 director acknowledges her 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 and authorised for issue on 25 September 2025 and were signed on its behalf by
Paige Michelle Niehues Wang
Director
Company Registration No. 12496942
PAIGE NIEHUES WANG LIMITED
Notes to the Accounts
for the year ended 31 March 2025
PAIGE NIEHUES WANG LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12496942. The registered office is UNIT A, SPICEMILL UNIT A, SPICEMILL, WHARF APPROACH, LEEDS, LS1 4EZ, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
Straight Line 25%
Fixtures & fittings
Straight Line 25%
Computer equipment
Straight Line 25%
Other tangible fixed assets
Straight Line over 10 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Straight Line 20%
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
PAIGE NIEHUES WANG LIMITED
Notes to the Accounts
for the year ended 31 March 2025
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 is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
11,455
98,273
1,485
111,213
Additions
2,923
1,145
-
4,068
At 31 March 2025
14,378
99,418
1,485
115,281
At 1 April 2024
5,013
25,405
878
31,296
Charge for the year
3,490
9,955
371
13,816
At 31 March 2025
8,503
35,360
1,249
45,112
At 31 March 2025
5,875
64,058
236
70,169
At 31 March 2024
6,442
72,868
607
79,917
PAIGE NIEHUES WANG LIMITED
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Deferred tax asset
20,787
20,560
Accrued income and prepayments
5,000
5,000
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
7,443
500
8
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
190,570
199,036
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Operating lease commitments
2025
2024
At 31 March 2025 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
35,662
6,198
Later than one year and not later than five years
238,500
1,040
11
Average number of employees
During the year the average number of employees was 0 (2024: 0).