Wing Tai Restaurant Ltd - Filleted accounts

Registered number

06598049

Wing Tai Restaurant Ltd

Filleted Accounts

31 May 2025

Wing Tai Restaurant Ltd
Registered number:		06598049
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		163,851			184,486
Investments	4		1			-
			163,852			184,486

Current assets
Stocks		25,000			15,000
Debtors	5	864,462			897,496
Cash at bank and in hand		1,340,429			1,128,029
		2,229,891			2,040,525

Creditors: amounts falling due within one year	6	(419,206)			(370,694)

Net current assets			1,810,685			1,669,831

Total assets less current liabilities			1,974,537			1,854,317


Provisions for liabilities			(23,387)			(26,670)


Net assets			1,951,150			1,827,647

Capital and reserves
Called up share capital			6			6
Capital redemption reserve			4			4
Profit and loss account			1,951,140			1,827,637

Shareholders' funds			1,951,150			1,827,647

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



A Cheng
Director
Approved by the board on 28 May 2026

Wing Tai Restaurant Ltd
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
	Leasehold land and buildings			over the lease term
	Plant and machinery			20% reducing balance
	Fixtures, fittings, tools and equipment			25% straight line
	Motor vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.




	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					43		44


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 June 2024	156,861		510,143		98,145		765,149
	Additions	-		17,637		-		17,637
	At 31 May 2025	156,861		527,780		98,145		782,786

	Depreciation
	At 1 June 2024	89,635		472,504		18,524		580,663
	Charge for the year	5,602		12,765		19,905		38,272
	At 31 May 2025	95,237		485,269		38,429		618,935

	Net book value
	At 31 May 2025	61,624		42,511		59,716		163,851
	At 31 May 2024	67,226		37,639		79,621		184,486





4	Investments
Investments in
subsidiary
undertakings
£
	Cost
	Additions							1

	At 31 May 2025							1





5	Debtors					2025		2024
£							£

	Trade debtors					15,275		13,214
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					719,402		738,598
	Other debtors					129,785		145,684
						864,462		897,496


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					121,072		118,782
	Taxation and social security costs					267,470		199,673
	Other creditors					30,664		52,239
						419,206		370,694


7	Related party transactions

	The company advanced a loan of £24,000 to a director, SL Lee during the year. The loan was unsecured, repayable on demand, and carried interest at a market rate.


8	Other information

	Wing Tai Restaurant Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	CNG Associates
	915 High Road
	London
	N12 8QJ