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|  |  | Company registration number:05909891 |
|  | WING FAT (MIDLANDS) LTD |  |  |  |
|  |  | FINANCIAL STATEMENTS |  |  |  |
|  |  | FOR THE YEAR ENDED 31 October 2024 |  |  |  |

WING FAT (MIDLANDS) LTD |  |  |  |  |  |  |  |  |  |  |
BALANCE SHEET |  |  |  |  |  |  |  |  |  |  |
AS AT 31 October 2024 |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | 2024 |  | 2023 |
|  |  |  | Notes | £ |  | £ |  | £ |  | £ |
FIXED ASSETS |  |  |  |  |  |  |  |  |  |  |
Tangible assets |  |  | 3 |  |  | 329,057 |  |  |  | 358,850 |
|  |  |  |  |  |  | 329,057 |  |  |  | 358,850 |
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |  |
Stocks |  |  |  | 700 |  |  |  | 800 |  |  |  |
Debtors |  |  | 4 | 517,107 |  |  |  | 524,034 |  |  |  |
Cash at bank and in hand |  |  |  | 633,062 |  |  |  | 328,483 |  |  |  |
|  |  |  |  | 1,150,869 |  |  |  | 853,317 |  |  |
CREDITORS |  |  |  |  |  |  |  |  |  |  |
Amounts falling due within one year |  | 5 | (259,074) |  |  |  | (194,260) |  |  |
NET CURRENT ASSETS |  |  |  |  |  | 891,795 |  |  |  | 659,057 |
TOTAL ASSETS LESS |  |  |  |  |  |  |  |  |  |  |
CURRENT LIABILITIES |  |  |  |  |  | 1,220,852 |  |  |  | 1,017,907 |
Creditors falling due after one year |  | 6 |  |  | (81,348) |  |  |  | (101,816) |
PROVISIONS FOR LIABILITIES |  |  |  |  | (27,471) |  |  |  | (32,809) |
NET ASSETS |  |  |  |  |  | 1,112,033 |  |  |  | 883,282 |
CAPITAL AND RESERVES |  |  |  |  |  |  |  |  |  |  |
Called-up equity share capital |  | 7 |  |  | 100 |  |  |  | 100 |
Profit and loss account |  |  |  |  |  | 1,111,933 |  |  |  | 883,182 |
SHAREHOLDERS FUNDS |  |  |  |  |  | 1,112,033 |  |  |  | 883,282 |
For the year ending 31 October 2024 the company was entitled to exemption 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 the accounts. |  |  |  |  |  |  |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 05 February 2026 and signed on its behalf. |  |  |  |  |  |  |
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime. |  |  |  |  |  |  |
..........................................................................
Mr Ly Quang To |  |  |  |  |  |  |  |  |  |  |
05 February 2026 |  |  |  |  |  |  |  |  |  |  |
The annexed notes form part of these financial statements. |  |  |  |  |  |  |

WING FAT (MIDLANDS) LTD |  |  |  |  |  |
STATEMENT OF CHANGES IN EQUITY |  |  |  |  |  |
FOR THE YEAR ENDED 31 OCTOBER 2024 |  |
|  |  |  | Share | Share | P and L | Revaluation | Other | Total
|  |  |  | Capital | Premium | Account | reserve | reserves | equity
|  |  |  | £ | £ | £ | £ | £ | £
Balance at 1 November 2022 |  | 100 | 0 | 682,050 | 0 | 0 | 682,150
Changes in equity |  |  |  |  |  |  |  |  |  |
Total Comprehensive Income |  | 0 | 0 | 201,132 | 0 | 0 | 201,132
Balance at 31 October 2023 |  | 100 | 0 | 883,182 | 0 | 0 | 883,282
Changes in equity |  |  |  |  |  |  |  |  |  |
Total comprehensive income |  | 0 | 0 | 228,751 | 0 | 0 | 228,751
Balance at 31 October 2024 |  | 100 | 0 | 1,111,933 | 0 | 0 | 1,112,033

| WING FAT (MIDLANDS) LTD |  |  |  |  |  |  |  |
| NOTES TO THE FINANCIAL STATEMENTS |  |  |  |  |  |  |
| FOR THE YEAR ENDED 31 OCTOBER 2024 |  |  |  |  |  |  |
1. | Accounting policies |  |  |  |  |  |  |  |
| Statutory information |  |  |  |  |  |  |
| The company is registered in England and its registered number is 05909891 The company is a private company limited by shares. Its registered office is 2 Wellington Street, Winson Green, Birmingham, B18 4NN. |
| Basis of preparing the financial statements |  |  |  |  |  |  |
| The financial statements have been prepared under the historical cost covention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
| Turnover |  |  |  |  |  |  |  |  |
| Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer. |
| Fixed Assets |  |  |  |  |  |  |  |
| Tangible fixed assets are stated at cost less depreciation Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Motor vehicles 25% reducing balance basis Fixtures and fittings 15% reducing balance basis Plant and machinery 10% straight line basis |
| Stocks and Work In Progress |  |  |  |  |  |  |
| Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost. |
| Leasing |  |  |  |  |  |  |  |  |
| Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. |
| Government grants |  |  |  |  |  |  |
| Government Grant for boilers A Government Grant of £29,948.00 from Birmingham City Council has been granted for the purpose of purchasing industrial boilers. As capital-based grant, it will be recognised in profit and loss on a systematic basis over the useful economic life of the asset. The government grant will therefore be released as income at the rate of 10% per year, the rate of depreciation of the industrial boilers.
| Deferred Taxation |  |  |  |  |  |  |  |
| Deferred tax is provided on the liablity method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. The company has not adopted a policy of discounting deferred tax assets and liabilities. |
| Pension Scheme |  |  |  |  |  |  |  |
| The company operates a defined contribution pension scheme, NEST, and the pension charge represents the amounts payable by the company to the fund in respect of the year. |

2. | Employees |  |  |
| The average number of persons employed by the company (including directors) during the year was 9.

3. | Tangible fixed assets |  |  |  |  |  |  |  |  |
|  |  |  | Land/Buildings | Plant | Motor | F and F | Total |
| Cost |  |  |  |  |  |  |  |  |  |
| At start of period |  | 198,059 | 59,323 | 128,414 | 264,060 | 649,856 |
| Additions |  |  | 0 | 0 | 0 | 3,239 | 3,239 |
| At end of period |  | 198,059 | 59,323 | 128,414 | 267,299 | 653,095 |
| Depreciation |  |  |  |  |  |  |  |  |  |
| At start of period |  | 11,893 | 32,977 | 98,129 | 148,007 | 291,006 |
| Provided during the period | 1,699 | 5,868 | 7,571 | 17,894 | 33,032 |
| At end of period |  | 13,592 | 38,845 | 105,700 | 165,901 | 324,038 |
| Net Book Value |  |  |  |  |  |  |  |  |
| At start of period |  | 186,166 | 26,346 | 30,285 | 116,053 | 358,850 |
| At end of period |  | 184,467 | 20,478 | 22,714 | 101,398 | 329,057 |

4. | Debtors |  |  |  |  |  |  |
|  |  |  |  | 2024 | 2023 |  |  |
|  |  |  |  | £ | £ |  |  |
| Due within one year |  |  |  |  |  |  |
| Trade Debtors |  |  | 142,123 | 159,884 |  |  |
| Other Debtors |  |  | 69,393 | 63,422 |  |  |
| Prepayments and accrued income |  | 11,586 | 6,928 |  |  |
| Deferred tax current asset |  |  | 18,517 | 17,603 |  |  |
|  |  |  |  | 241,619 | 247,837 |  |  |
| Due after one year |  |  |  |  |  |  |
| Other Debtors |  |  | 275,488 | 276,197 |  |  |
|  |  |  |  | 517,107 | 524,034 |  |  |
| "Deferred tax current asset" is S455 tax that can currently be recovered from HMRC at the account year end. "Other Debtors" refers to loans, including at the account year end: Mrs Jade Rathore (former director) owing £2,497 and Mr Ly Quang To (shareholder and current director) owing £92,091.

5. | Creditors due within one year |  |  |  |  |
|  |  |  |  | 2024 | 2023 |  |
|  |  |  |  | £ | £ |  |
| Trade creditors |  |  | 24,444 | 660 |  |
| Bank Loans and Overdrafts |  |  | 27,295 | 24,977 |  |
| Corporation Tax |  |  | 183,001 | 132,266 |  |
| Other taxes and social security costs |  | 4,100 | 3,375 |  |
| Other creditors |  |  | 8,983 | 11,978 |  |
| Accruals and deferred income |  | 10,932 | 20,845 |  |
| Loan from directors |  |  | 319 | 159 |  |
|  |  |  |  | 259,074 | 194,260 |  |
6. | Creditors due after one year |  |  |  |  |
|  |  |  |  | 2024 | 2023 |  |
|  |  |  |  | £ | £ |  |
| Bank Loans |  | 81,348 | 101,816 |  |
|  |  |  |  | 81,348 | 101,816 |  |

7. | Share capital |  |  | Alloted, Issued and fully paid |  |  |  |
|  |  |  |  | 2024 | 2023 |  |  |
|  |  |  |  | £ | £ |  |  |
| Ordinary shares of £1 each |  |  | 100 | 100 |  |  |
| Total issued share capital |  |  | 100 | 100 |  |  |