Company Registration No. 14437893 (England and Wales)
Tung Fei Ltd
Unaudited accounts
for the year ended 31 October 2024
Tung Fei Ltd
Unaudited accounts
Contents
Tung Fei Ltd
Company Information
for the year ended 31 October 2024
Company Number
14437893 (England and Wales)
Registered Office
27 South Street
Yeovil
Somerset
BA20 1NN
England
Accountants
LJW Accountants Limited
27 Hardy Avenue
Dartford
Kent
DA1 2FE
Tung Fei Ltd
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
17,354
2,756
Creditors: amounts falling due within one year
(23,943)
(9,724)
Net current (liabilities)/assets
(740)
126
Called up share capital
100
100
Profit and loss account
310
159
Shareholders' funds
410
259
For the year ending 31 October 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 director acknowledges his 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 26 October 2025 and were signed on its behalf by
Ming Fai Cheung
Director
Company Registration No. 14437893
Tung Fei Ltd
Notes to the Accounts
for the year ended 31 October 2024
Tung Fei Ltd is a private company, limited by shares, registered in England and Wales, registration number 14437893. The registered office is 27 South Street, Yeovil, Somerset, BA20 1NN, 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:
Fixtures & fittings
Over 5 Years Period
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.
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.
Tung Fei Ltd
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
116
1,649
7
Average number of employees
During the year the average number of employees was 9 (2023: 9).