Company No: 06223792 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	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

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.