Registration number: 06443285

Orientalmart (UK) Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 13

Orientalmart (UK) Limited

Company Information

Directors

Ms Sau King Yip Mr Chung Yan Liu

Registered office

Trent Lane Little Tennis Street South Nottingham NG2 4DS

Accountants

RSW Chartered Accountants PO Box 18725 Sutton Coldfield B73 9XY

Orientalmart (UK) Limited

(Registration number: 06443285)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	33,476	65,135
Tangible assets	5	685,881	627,095
		719,357	692,230
Current assets
Stocks	6	302,825	276,730
Debtors	7	222,786	178,791
Cash at bank and in hand		727,013	788,107
		1,252,624	1,243,628
Creditors: Amounts falling due within one year	8	(465,902)	(531,172)
Net current assets		786,722	712,456
Total assets less current liabilities		1,506,079	1,404,686
Creditors: Amounts falling due after more than one year	8	(9,119)	(14,002)
Provisions for liabilities		(95,484)	(95,450)
Net assets		1,401,476	1,295,234
Capital and reserves
Called up share capital	9	2	2
Retained earnings		1,401,474	1,295,232
Shareholders' funds		1,401,476	1,295,234

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 December 2025 and signed on its behalf by:
 

Orientalmart (UK) Limited

(Registration number: 06443285)
Balance Sheet as at 31 March 2025

......................................... Mr Chung Yan Liu Director

Orientalmart (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Trent Lane
Little Tennis Street South
Nottingham
NG2 4DS

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Judgements

Financial instruments have not been discounted on the basis of immateriality.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
Goods sold are despatched to customers less any returns and credits.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Orientalmart (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Property Improvements	15% reducing balance
Long Leasehold	Not depreciated
Fixture and Fittings	20% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website	Amortised straight line over 3 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Orientalmart (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Stocks

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

The cost of stocks, where applicable, include direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Orientalmart (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 41 (2024 - 43).

Orientalmart (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Internally generated software development costs  £	Total £
Cost or valuation
At 1 April 2024	153,708	153,708
Additions acquired separately	3,353	3,353
At 31 March 2025	157,061	157,061
Amortisation
At 1 April 2024	88,573	88,573
Amortisation charge	35,012	35,012
At 31 March 2025	123,585	123,585
Carrying amount
At 31 March 2025	33,476	33,476
At 31 March 2024	65,135	65,135

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	135,186	826,210	23,291	984,687
Additions	-	193,889	-	193,889
At 31 March 2025	135,186	1,020,099	23,291	1,178,576
Depreciation
At 1 April 2024	11,563	340,206	5,823	357,592
Charge for the year	3,165	127,571	4,367	135,103
At 31 March 2025	14,728	467,777	10,190	492,695
Carrying amount
At 31 March 2025	120,458	552,322	13,101	685,881
At 31 March 2024	123,623	486,004	17,468	627,095

Orientalmart (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Included within the net book value of land and buildings above is £103,546 (2024 - £103,546) in respect of long leasehold land and buildings and £16,912 (2024 - £20,077) in respect of short leasehold land and buildings.
 

6

Stocks

	2025 £	2024 £
Other inventories	302,825	276,730

7

Debtors

Current	2025 £	2024 £
Trade debtors	31,765	-
Prepayments	48,592	25,935
Other debtors	142,429	152,856
	222,786	178,791

Orientalmart (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	30,634	31,842
Trade creditors		308,886	326,711
Taxation and social security		58,999	107,094
Accruals and deferred income		3,650	6,117
Other creditors		63,733	59,408
		465,902	531,172

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	9,119	14,002

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	9,119	14,002

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	4,883	4,301
Other borrowings	25,751	27,541
	30,634	31,842

Orientalmart (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

11	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	154,000	154,000
Later than one year and not later than five years	252,667	400,500
	406,667	554,500

The amount of non-cancellable operating lease payments recognised as an expense during the year was £154,000 (2024 - £137,123).

12

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £23,000.00 (2024 - £47,000.00) per each Ordinary shares		46,000		94,000

13	Related party transactions

Orientalmart (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	24,500	29,500
Contributions paid to money purchase schemes	12,360	10,511
	36,860	40,011

In respect of the highest paid director:

	2025 £	2024 £
Remuneration	13,500	18,500
Company contributions to money purchase pension schemes	12,218	10,368

Dividends paid to directors

		2025 £		2024 £
Mr Chung Yan Liu
Dividends		23,000		47,000
Ms Sau King Yip
Dividends		23,000		47,000

Loans to related parties

2025	Other related parties £	Total £
At start of period	101,033	101,033
At end of period	101,033	101,033

2024	Other related parties £	Total £
At start of period	101,033	101,033
At end of period	101,033	101,033

Terms of loans to related parties

Loan to related party - Orientalmart Properties Limited which is interest free and repayable on demand

Loans from related parties

Orientalmart (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

2025	Key management £	Total £
At start of period	27,021	27,021
Repaid	(1,451)	(1,451)
At end of period	25,570	25,570

2024	Key management £	Total £
At start of period	27,021	27,021
At end of period	27,021	27,021