Kwong Ming Corporation Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07195683

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		36,969		44,362
Tangible Assets	5		3,472		3,653

			40,441		48,015
CURRENT ASSETS
Debtors	6	87,818		120,868
Cash at bank and in hand		68,077		50,861

		155,895		171,729
Creditors: Amounts Falling Due Within One Year	7	(166,842 )		(174,112 )

NET CURRENT ASSETS (LIABILITIES)			(10,947 )		(2,383 )

TOTAL ASSETS LESS CURRENT LIABILITIES			29,494		45,632

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(659 )		(694 )

NET ASSETS			28,835		44,938

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			28,735		44,838

SHAREHOLDERS' FUNDS			28,835		44,938

Page 1

Page 2

Kwong Ming Corporation Ltd

Balance Sheet (continued)

As At 31 March 2025

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 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Ms Deborah Bebbington

Director

23/12/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Kwong Ming Corporation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07195683 . The registered office is 20 Peterborough Road, Harrow, Middlesex, HA1 2BQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% straight line

2.5. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	4	2

	4	2

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	147,865

As at 31 March 2025	147,865

Amortisation
As at 1 April 2024	103,503
Provided during the period	7,393

As at 31 March 2025	110,896

...CONTINUED

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Kwong Ming Corporation Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	36,969

As at 1 April 2024	44,362

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2024	17,051
Additions	2,790

As at 31 March 2025	19,841

Depreciation
As at 1 April 2024	13,398
Provided during the period	2,971

As at 31 March 2025	16,369

Net Book Value
As at 31 March 2025	3,472

As at 1 April 2024	3,653

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	449	344
Corporation tax recoverable assets	30,043	30,043
Directors' loan accounts	57,326	90,481

	87,818	120,868

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	197	190
Bank loans and overdrafts	12,500	22,500
Corporation tax	77,146	73,620
Other taxes and social security	4,317	542
VAT	31,599	19,258
Other creditors	256	1,047
Accruals and deferred income	40,827	56,955

	166,842	174,112

8. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	659	694

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Kwong Ming Corporation Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Ms Deborah Bebbington	90,481	-	33,155	-	57,326

The above loan is unsecured and repayable on demand. Interest is paid at statutory rates.

11. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	240,000	240,000

12. Ultimate Controlling Party

The company's ultimate controlling party are the directors by virtue of their ownership of 100% of the issued share capital in the company.