Silverfin false false 31/03/2026 06/04/2025 31/03/2026 Mrs A Chow 24/04/2007 Mr R Chow 24/04/2007 Mr A Tan 24/04/2007 Mrs S Tan 24/04/2007 22 June 2026 The principal activity of the Company during the financial period was retail and wholesale trade of Chinese/Oriental groceries. 06223792 2026-03-31 06223792 bus:Director1 2026-03-31 06223792 bus:Director2 2026-03-31 06223792 bus:Director3 2026-03-31 06223792 bus:Director4 2026-03-31 06223792 2025-04-05 06223792 core:CurrentFinancialInstruments 2026-03-31 06223792 core:CurrentFinancialInstruments 2025-04-05 06223792 core:Non-currentFinancialInstruments 2026-03-31 06223792 core:Non-currentFinancialInstruments 2025-04-05 06223792 core:ShareCapital 2026-03-31 06223792 core:ShareCapital 2025-04-05 06223792 core:RetainedEarningsAccumulatedLosses 2026-03-31 06223792 core:RetainedEarningsAccumulatedLosses 2025-04-05 06223792 core:Goodwill 2025-04-05 06223792 core:Goodwill 2026-03-31 06223792 core:LeaseholdImprovements 2025-04-05 06223792 core:Vehicles 2025-04-05 06223792 core:FurnitureFittings 2025-04-05 06223792 core:OfficeEquipment 2025-04-05 06223792 core:LeaseholdImprovements 2026-03-31 06223792 core:Vehicles 2026-03-31 06223792 core:FurnitureFittings 2026-03-31 06223792 core:OfficeEquipment 2026-03-31 06223792 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2026-03-31 06223792 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2025-04-05 06223792 core:CurrentFinancialInstruments 10 2026-03-31 06223792 core:CurrentFinancialInstruments 10 2025-04-05 06223792 bus:OrdinaryShareClass1 2026-03-31 06223792 core:WithinOneYear 2026-03-31 06223792 core:WithinOneYear 2025-04-05 06223792 core:BetweenOneFiveYears 2026-03-31 06223792 core:BetweenOneFiveYears 2025-04-05 06223792 2025-04-06 2026-03-31 06223792 bus:FilletedAccounts 2025-04-06 2026-03-31 06223792 bus:SmallEntities 2025-04-06 2026-03-31 06223792 bus:AuditExemptWithAccountantsReport 2025-04-06 2026-03-31 06223792 bus:PrivateLimitedCompanyLtd 2025-04-06 2026-03-31 06223792 bus:Director1 2025-04-06 2026-03-31 06223792 bus:Director2 2025-04-06 2026-03-31 06223792 bus:Director3 2025-04-06 2026-03-31 06223792 bus:Director4 2025-04-06 2026-03-31 06223792 core:Goodwill core:TopRangeValue 2025-04-06 2026-03-31 06223792 core:Goodwill 2025-04-06 2026-03-31 06223792 core:Vehicles 2025-04-06 2026-03-31 06223792 core:FurnitureFittings 2025-04-06 2026-03-31 06223792 core:OfficeEquipment 2025-04-06 2026-03-31 06223792 2024-04-01 2025-04-05 06223792 core:LeaseholdImprovements 2025-04-06 2026-03-31 06223792 core:CurrentFinancialInstruments 2025-04-06 2026-03-31 06223792 bus:OrdinaryShareClass1 2025-04-06 2026-03-31 06223792 bus:OrdinaryShareClass1 2024-04-01 2025-04-05 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06223792 (England and Wales)

# WAI YEE HONG LTD

### Unaudited Financial Statements
For the financial period from 06 April 2025 to 31 March 2026
Pages for filing with the registrar

WAI YEE HONG LTD

## Unaudited Financial Statements

For the financial period from 06 April 2025 to 31 March 2026

Contents

WAI YEE HONG LTD

## STATEMENT OF FINANCIAL POSITION

As at 31 March 2026
WAI YEE HONG LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2026

| Note | 31.03.2026 |  | 05.04.2025
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 396,481 |  | 386,789
|  | 396,481 |  | 386,789
Current assets |  |  |  |
Stocks |  | 826,314 |  | 596,298
Debtors |  |  |  |
- due within one year | 5 | 563,632 |  | 756,335
- due after more than one year | 5 | 267,000 |  | 283,000
Investments |  | 260,223 |  | 252,986
Cash at bank and in hand |  | 731,850 |  | 543,688
|  | 2,649,019 |  | 2,432,307
Creditors: amounts falling due within one year | 6 | ( 951,196) |  | ( 769,368)
Net current assets |  | 1,697,823 |  | 1,662,939
Total assets less current liabilities |  | 2,094,304 |  | 2,049,728
Provision for liabilities |  | ( 94,721) |  | ( 91,787)
Net assets |  | 1,999,583 |  | 1,957,941
Capital and reserves |  |  |  |
Called-up share capital | 7 | 100 |  | 100
Profit and loss account |  | 1,999,483 |  | 1,957,841
Total shareholder's funds |  | 1,999,583 |  | 1,957,941

For the financial period ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Wai Yee Hong Ltd (registered number: 06223792) were approved and authorised for issue by the Board of Directors on 22 June 2026. They were signed on its behalf by:

Mr R Chow Director |

WAI YEE HONG LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 06 April 2025 to 31 March 2026
WAI YEE HONG LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 06 April 2025 to 31 March 2026

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.

##### General information and basis of accounting

Wai Yee Hong Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Eastgate Oriental City, Eastgate Road, Bristol, BS5 6XX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line

###### Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life of 10 years.

##### Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Leasehold improvements | not depreciated
Vehicles | 25 % reducing balance
Fixtures and fittings | 15 % reducing balance
Office equipment | 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| Period from 06.04.2025 to 31.03.2026 |  | Period from 01.04.2024 to 05.04.2025
| Number |  | Number
Monthly average number of persons employed by the Company during the period, including directors | 45 |  | 44

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 06 April 2025 | 497,000 |  | 497,000
At 31 March 2026 | 497,000 |  | 497,000
Accumulated amortisation |  |  |
At 06 April 2025 | 497,000 |  | 497,000
At 31 March 2026 | 497,000 |  | 497,000
Net book value |  |  |
At 31 March 2026 | 0 |  | 0
At 05 April 2025 | 0 |  | 0

#### 4. Tangible assets

| Leasehold improve- ments |  | Vehicles |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 06 April 2025 | 18,985 |  | 359,836 |  | 734,883 |  | 47,746 |  | 1,161,450
Additions | 0 |  | 15,500 |  | 46,110 |  | 43,812 |  | 105,422
At 31 March 2026 | 18,985 |  | 375,336 |  | 780,993 |  | 91,558 |  | 1,266,872
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 06 April 2025 | 0 |  | 243,164 |  | 513,055 |  | 18,442 |  | 774,661
Charge for the financial period | 0 |  | 32,397 |  | 37,943 |  | 6,405 |  | 76,745
Impairment losses | 18,985 |  | 0 |  | 0 |  | 0 |  | 18,985
At 31 March 2026 | 18,985 |  | 275,561 |  | 550,998 |  | 24,847 |  | 870,391
Net book value |  |  |  |  |  |  |  |  |
At 31 March 2026 | 0 |  | 99,775 |  | 229,995 |  | 66,711 |  | 396,481
At 05 April 2025 | 18,985 |  | 116,672 |  | 221,828 |  | 29,304 |  | 386,789

#### 5. Debtors

| 31.03.2026 |  | 05.04.2025
| £ |  | £
Debtors: amounts falling due within one year |  |  |
Trade debtors | 287,841 |  | 354,166
Amounts owed by Group undertakings | 17,650 |  | 0
Amounts owed by connected companies | 12,000 |  | 12,000
Prepayments | 122,312 |  | 120,675
VAT recoverable | 14,184 |  | 21,399
Corporation tax | 109,645 |  | 0
Other taxation and social security | 0 |  | 248,095
| 563,632 |  | 756,335
Debtors: amounts falling due after more than one year |  |  |
Amounts owed by connected companies | 267,000 |  | 283,000

Amounts owed by connected companies is secured by way of a legal charge over a property held by the Company.

#### 6. Creditors: amounts falling due within one year

| 31.03.2026 |  | 05.04.2025
| £ |  | £
Bank overdrafts | 868 |  | 1,374
Trade creditors | 854,351 |  | 647,442
Amounts owed to Group undertakings | 0 |  | 15,049
Accruals | 8,488 |  | 24,506
Taxation and social security | 73,590 |  | 80,887
Other creditors | 13,899 |  | 110
| 951,196 |  | 769,368

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts owed to Group undertakings are repayable on demand and do not bear interest.

#### 7. Called-up share capital

| 31.03.2026 |  | 05.04.2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 31.03.2026 |  | 05.04.2025
| £ |  | £
Within one year | 26,823 |  | 26,823
Between one and five years | 23,852 |  | 50,674
Total future minimum lease payments under non-cancellable operating leases | 50,675 |  | 77,497

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 31.03.2026 |  | 05.04.2025
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 1,591 |  | 0

#### 9. Related party transactions

Transactions with the entity's directors

| 31.03.2026 |  | 05.04.2025
| £ |  | £
Amounts owed by companies under common control | 279,000 |  | 295,000

The loan to companies under common control is interest free and is being repaid at a rate of £1,000 per month.

Other related party transactions

The company has taken exemption under section 33 of FRS 102 1A not to disclose transactions with wholly owned members a group.